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HSBC’s decision to tell the world in advance when it is will carry out a large FX transaction to pay its non-dollar based shareholders their dividends is transparent. But is it wise?

The dealers at Scottish Widows cemented their reputation as smart traders by winning the Goldman Sachs trading game at the Trade Tech Equities conference for a second year in a row.

The first global peso bond crowned a great year for the Mexican telco.

“Given all that has happened I’m surprised it wasn’t negative $60 billion” James Gorman, Morgan Stanley In his first public presentation since joining Morgan Stanley in February as president and COO of the global wealth management business, James Gorman outlined how he intended to turn the dwindling arm into a competitive force in the industry.

The global market tremors that have shaken emerging markets might have been expected to cause a few wobbles for the Bank of China IPO, but not a bit of it.

The heyday of the traditional debt capital markets is long gone. Who would have thought that, some six months into the year, it would have taken just a $6 billion share of underwriting to take top place in the US investment-grade corporate bookrunner table? Go back to 2004 and it would have been something like $10 billion. Perhaps a bigger surprise is that this number trails behind the equivalent European league table (€8.5 billion).

The Emirates bank has developed an international investor base through a multi-currency EMTN programme.

Floating rate notes are typically a short-dated bank product traditionally aimed at other banks’ treasuries. Is this the start of a new trend?

Venezuela’s president continues to be a big fan of Argentine debt. Last month his government bought $239 million in 2012 dollar-denominated Boden bonds to take its investment in Argentine debt to more than $2.5 billion over the past two years. Argentina has relied heavily on Venezuela to help fund its financing needs and turned to its favourite creditor again. Recently Argentina has sold its debt through open sales but, following a spike in emerging market bond yields in mid-May, was unwilling to pay the higher rates. For Chávez, the purchases help boost his image as the strong man of Latin America.

Here are the bond issuers that have taken the market by storm over the past 12 months: from the IFC, punching above its weight within the World Bank group with its pioneering work in developing local bond markets, to Bayer’s use of innovative methods to maintain its credit profile while making acquisitions.

KBC Alternative Investment Management has suffered redemptions in its hedge fund assets that reportedly amount to 80%. The Belgian bank says the redemptions were made predominantly in 2005 by large institutional investors that were “no longer entirely satisfied with the performance of the hedge funds they had invested in, and decided to move out of convertible arbitrage and other relative value arbitrage strategies”. It says that the alternatives business had €2 billion in assets at the end of last year.

Bankruptcy of Nici shows vulnerability of small German SME securitizations.