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The authorities of Saudi Arabia have used the stock market to redistribute wealth, but in doing so they helped inflate a bubble. The inevitable crash has aroused some discontent. Rather then rushing to bail the market out, policymakers should use the sell-off as a spur to force out the manipulators and build a sounder infrastructure by forging ahead with privatization, licensing new investment banks and brokers and fostering institutional asset management. The pain of the sell-off will eventually pass, because Saudi Arabia is booming.

After having been unseated as CEO of Deutsche Börse by hedge funds, Werner Seifert has concluded that the hectic race for alpha will destroy capitalism. Euromoney looks at Seifert’s passionate espousal of good old corporate values.

News of the first RMBS transaction out of Saudi Arabia has focused attention on the potential for real estate-backed issuance from the region.

JPMorgan Chase CEO Jamie Dimon wants a clear, new structure for the bank, without personal fiefdoms and superstars. But what does this mean for one of its most important franchises – the structured credit business that JPMorgan once dominated – now in the hands of a new generation of managers? Alex Chambers reports.

The bridge loan Softbank has taken out to acquire Vodafone in Japan is enormous, negotiated on onerous terms and costly by Japanese standards.

Foreign and local banks are preparing for intense competition to win market share in one of Europe’s fastest-growing financial sectors. Those not already in the field are likely to find this an expensive business. Nick Saywell reports.

The managers of a new equity fund say the big re-rating of Russia is over. It is time for a new type of fund that can prosper in a downturn, they argue. Julian Evans reports.

When Gloria Estefan released her 1987 chart topper “Rhythm is gonna get you”, she was on to something. Nearly 20 years later she still has the crowd dancing in the aisles, or “partying on out” as she put it – even when that crowd is attending a swanky mid-week benefit dinner on Wall Street.

The pros and cons of algorithmic trading

Australian regulator’s charges cast doubt on legitimacy of prop trading.

Bank of Alexandria privatization process started.

UK non-conforming mortgage lender Kensington Mortgages has shown how well the monoline, securitization-funded business model can work. Group treasurer Mark Wilten tells Louise Bowman why its risk profile has moved away from sub-prime lending and denies that the company is for sale, despite persistent rumours to the contrary.