EM Search | Euromoney

Benchmarking

FX Poll 2006: Worlds Largest FX banks by market share

The most representative annual FX poll Euromoney has conducted to date examines a market in which technology shapes the present and the future, and the buy side is unwilling to break the bank when buying services. In a growing market that demands huge expenditure and promises little return, banks have to position themselves well to stay in the game. Florian Neuhof reports.

Florian Neuhof, May 01, 2006

Opinion

How you value call protection – and why you should care

Proponents of European high yield think covenants for issuers should be relaxed if the market is to survive.

May 01, 2006

BANKING

LATAM Debt capital markets: Merrill’s not so steady ship

What’s going on at Merrill Lynch? The investment bank has posted impressive overall first-quarter results, as revenues hit the $8 billion mark, but the Latin American debt capital markets desk seems to be lagging.

Lawrence White, May 01, 2006

Opinion

Goldman takes a beating, but is still the one to beat

Competitors gloating over the firm’s current predicament are likely to be sorely disappointed.

May 01, 2006

BANKING

Refco ramifications: A crisis with a twist

Latin America is no stranger to banking crises. Every so often a banking system will implode, and depositors will lose all or some of their money.

Felix Salmon, May 01, 2006

BANKING

People & markets: All change in European ABS

In recent weeks significant moves have taken place in the higher echelons of European structured finance.

Alex Chambers, May 01, 2006

BANKING

Foreigners breach Asia’s final banking frontier

It’s Vietnam, but not as we’ve known it. The country’s financial markets have promised much in the past and delivered little but disappointment. Reforms are now for real and initially most apparent in the banks. Significant opportunities are there for the taking. Chris Leahy reports.

Chris Leahy, May 01, 2006

BANKING

Debate: The pros and cons of algorithmic trading

It´s the new Big Bang in equity trading. As research and execution are unbundled, and as clients increasingly access markets directly, brokers need to find new ways to keep their institutional clients. Algorithmic trading is one way. It cuts execution costs, adds alpha and gives the creative brokers – those able to design flexible, customized algorithms – a new way to keep in the execution business, for now.

May 01, 2006

BANKING

Turkey’s banks put M&A centre stage

The enormous growth potential of the Turkish banking sector is attracting a lot of attention but the mortgage business, one of the industry’s biggest attractions, is suffering from profit shortfalls because of a lack of well-matched funding opportunities. Covered bond issuance and the imminent reawakening of the Turkish lira corporate bond market could provide a much-needed boost. Peter Koh reports.

Peter Koh, May 01, 2006

Leveraged finance: Firms fend off pressure to releverage – for now

Few companies are pursuing leveraged share buybacks, but pressure from activist investors is putting the issue back on the agenda and there could be a lot more deals in the next 12 months.

Kathryn Tully, May 01, 2006

BANKING

Romanian banking: What a difference three years make

Three years ago, the Romanian government had to admit defeat in its plans to privatize Banca Comerciala Romana, the country’s largest bank. By last autumn, though, when bidding was reopened, nine banks submitted bids and the bank was eventually sold at 5.8 times book value – a record at that time in central Europe. So what changed?

Kathryn Wells, May 01, 2006

FM round up: Kirk Wright "goes underground" after allegedly robbing American football players

A rather angry group of American football players and the federal government are reportedly looking for Kirk Wright, whose International Management Association hedge fund allegedly robbed 500 investors of $185 million. The fund was eligible for investment as part of the football players’ financial advisers programme. Wright failed to appear in court, and has reportedly gone underground, claiming that he has received death threats.

Helen Avery, May 01, 2006

Search results for