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Opinion

A big buzz in Manila

Jollibee Bee, mascot, all dressed up to collect company's award for Best-managed consumer goods company in Asia.

Chris Leahy, March 01, 2006

Opinion

An apology: Mark Stainton

In last month's edition of Euromoney we published an article on page 10 headed "Is Deutsche's CDO business out of control?" which referred to Mark Stainton, Deutsche's successful former Head of CDO trading. Some readers may have thought that the article suggested that there was a link between Mark Stainton's departure from Deutsche to go to Citadel and an alleged overstatement of profits by Deutsche's trader Anshul Rustagi, whose dismissal from Deutsche Bank is currently subject to appeal.

March 01, 2006

BANKING

Guillermo Nielsen exclusive: Inside Argentina’s financial crisis

In December 2001, the government defaulted on $81.8 billion of debt repayments and broke the peso’s link with the dollar. When Nielsen was appointed in May 2002, the country was in the midst of one of the worst financial, social and political crises to hit any country since the Great Depression. His job, together with that of his economy minister, Roberto Lavagna, was to help restore stability and turn around Argentina’s financial fortunes.

March 01, 2006

BANKING

Malaysian M&A is anything but easy

A hostile bid in the Malaysian banking market is almost unheard of. But CIMB's pursuit of Southern Bank has provoked more than just headlines, and now almost every major banking group in the country is in play.

Peter Koh, March 01, 2006

BANKING

Inside Citigroup’s plans for emerging markets domination

More than 50% of Citigroup’s corporate and investment banking revenues come from outside north America, so emerging markets are the cornerstone of its success or failure. It already dominates some areas but can it blow the competition away in every product and in every region? Sudip Roy reports.

Sudip Roy, March 01, 2006

Foreign Exchange

FX round up: Dealer costs JPM Chase $6 million

A former FX salesman at JPMorgan Chase in New York has been arrested and charged with wire fraud. Terrence Gumbs apparently hid an unauthorized trade, which cost the bank about $6 million in losses, according to a criminal complaint unsealed in New York.

Lee Oliver, March 01, 2006

FEG: Investors Fixated On Short-Term Performance

This article appears courtesy of Institutional Investor

February 27, 2006

Foreign Exchange

Bond Outlook February 22nd

Investors’ conclusions from flattening/inverting yield curves will differ for private, institutional and government buyers, and for issuers. Private investors have no reason to go long, but the others…

February 22, 2006

Foreign Exchange

Bond Outlook February 15th

Continuing economic rebalancing has allowed many emerging and transition economies issue bonds in local currencies for international settlement. See our list for possible diversification.

February 15, 2006

Foreign Exchange

FXall set for partial sale to private equity buyer

The sale of Hotspot has prompted a torrent of speculation about the future of other ECNs. But it seems the rumours about a sale of FXall are true.

FXall, the leading electronic platform in the foreign exchange market, is set for a new ownership structure. Euromoney has learnt that the ECN’s owners, a consortium of leading foreign exchange banks, are locked in discussions about a potential sale of up to 30% of the company to a private equity buyer.

February 13, 2006

BANKING

Bond Outlook February 8th

The long T-Bond reappears just as the yield curve looks like inverting, and probably helping that effect. Inversion is probably a sign (but not the cause) of the coming slowdown.

February 08, 2006

The rise of private defined contribution

If Japan’s pension reforms ever get under way in earnest, there could be substantial growth of private defined contribution plans, known as 401(k) after the US system. Japan’s pensions market is already very large. “The total size of the market is a little less than $3 trillion, as at March 2005,” says Shuichi Komori, president and CEO of Daiwa SB Investments Ltd. “Around 70% of our assets under discretionary management come from the pension fund industry, mostly in Japan.”

Chris Leahy, February 01, 2006

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