Search results for

This article appears courtesy of Institutional Investor

The ECB will soon raise the refi rate, but will then happen to the euro yield curve? Flattening or an overall rise?

Hurricanes don’t just destroy cities: they can also destroy sovereign finances. Hurricane Ivan, for instance, wiped out so much of Grenada’s infrastructure in September 2004 that by the end of the year the country was in default on its debt. Things were not helped when Hurricane Emily struck Grenada in July.

Banco Central de Chile president Vittorio Corbo is arguably Latin America’s most respected central banker. He tells Euromoney how he is keeping a lid on the region’s biggest economic danger – inflation. Sudip Roy reports from Santiago.

BNP Paribas has filled its global head of securitization post. Former Morgan Stanley securitization syndicate and trading head Tim Drayson joined last month. Drayson left Stanley after 10 years in March and joins at a time when BNPP has advertised its intention to grow its securitization business.

The M&A boom is good news for equity capital markets. M&A, as well as generating more transactions, tends to be more profitable than other types of ECM deals. Banks with strong M&A businesses stand to benefit most. Peter Koh reports.

Why CFOs should stop mistrusting hedge funds

Technology companies have to swallow harsh market truths – and some pride – and give up independence.

This article appears courtesy of Institutional Investor

Leading presidential candidate promises orthodox finances.

Just days after Refco announced what it termed “significant volume increases on its professional and institutional FX trading platform, FX ProTrader”, activity on the platform ground to a complete halt.

Germany is the new battleground for French banks, it seems, with BNP Paribas and Société Générale both making hires. BNPP has hired Menko Jaekel from Citigroup’s Frankfurt office for its DCM financial institutions group’s coverage of Austria and Germany. He reports to Razi Amin and Anthony Fane, co-heads of DCM FIG Europe. The move is the latest in a series of appointments that the bank has made in an effort to grow its covered bond business. In structured products and derivatives it appointed Ralph Heinig and Marc Steiner for the same region.