Search results for

As banks get ready to divide up their bonus pool in December or early January, some fixed income traders had better get ready to be disappointed.

A spate of poor deals gets the investment bankers thinking. After a difficult October, in which initial public offerings met with a variety of fates, attention last month swung once again to the IPO process itself.

Recognition and protection of shareholders’ rights has rarely been a top priority for senior management of emerging-market corporates. The lack of any serious attention to shareholder rights in China is further hindered by an alphabet soup mix of shareholder classes – each with its own complex set of regulations. Although many emerging equity markets operate under foreign ownership restrictions and two-tiered share ownership structures, the Chinese system is perhaps the most elaborate. More important, proposals to attempt radical reform of the regulatory framework – such as the elimination of an entire class of shares – might hit foreign equity holders with an immediate loss, thus injecting into the market even more uncertainty about the near-term outlook for increased foreign participation. Here are some of the most commonly used market terms.

It may not be the sort of lead arranging mandate Deutsche Bank normally undertakes, but it’s for a very good cause.

GSAM's boutique structure provides a potential model for other asset managers.

M&A activity is changing the Asian banking landscape and the relative positions of banks in Euromoney’s rankings.

But UK regulator will not ask for position data.

Hurricane Katrina blamed for extreme changes in cross-border flows.

There’s little to choose between the world’s two heavyweight institutional fund managers as they square up to fight for profitability. BGI and SSgA both have commendable records and both are now testing out new strategies.

Morgan Stanley took the most M&A advisory mandates worldwide in the first half of the year, but Goldman Sachs had edged ahead again by November.

Tensions between Venezuela and Mexico are escalating following a war of words that began at last month’s Summit of the Americas trade meeting. Venezuela’s president Hugo Chávez called Mexico “an ally of the empire” and “a puppy of the United States” for backing George W Bush’s plan to create a region-wide free trade zone.

Help could be at hand for market makers in jumbo Pfandbriefe that want to hedge spread movements between different issuers.