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The M&A market has caught fire with a series of jumbo corporate deals. Bidders claim that these are compelling strategic transactions that will create long-term value. But the real reason may be fear that shareholders are now focused on weak revenue prospects. Buying earnings is a way for companies to prevent share prices that low policy rates have inflated from falling back to earth. But confidence is still surprisingly fragile. A couple more big deal failures could slam the M&A market back into the freezer and take the equity markets with it.

Debt capital markets bankers have so far watched the boom in M&A activity with a mixture of envy and anticipation. But they’re increasingly confident that a buyer-led bond boom is on the way.

Unless there is an accelerated plan for full political and fiscal union, the next eurozone crisis could prove existential.

The big happening in the next 12 months will be the repricing of global capital. It will impact the price of every currency and asset. It’s a complex and exciting story.

It’s hard out there for a short, even with a multi-year credit and equity rally looking increasingly fatigued.

Hedge fund manager Bill Ackman’s desperate attempt to push down the stock of nutritional supplement provider Herbalife provides the highest profile recent example of the challenges faced by short sellers.

Mexico’s central bank surprised the market in June when it cut its base rate by 50 basis points. Euromoney’s central bank governor of the year in 2013 stresses that the credibility of the bank’s focus on inflation should not be doubted

The month of August is supposed to bring peace of mind to busy bankers: the frenetic pace of markets diminishes and the bosses depart for their villas in Tuscany or mansions in the Hamptons.

For those of you who were dozing on the beach this summer, with your smart-phones switched off, a leading Portuguese bank was restructured in August and no one, least of all the regulators, seems to have forewarned us of this impending disaster.

As bankers prepare to pack their bags for the annual meetings in Washington in October, they’ll be starting to consider what policy initiatives the IMF and World Bank might announce over the busy weekend.

Sean Park, one of the bond market’s best-known characters during his time at Paribas and Dresdner Kleinwort Wasserstein, is now engaged in disrupting the financial industry he was once at the sharp end of.

As regular readers might remember, I have long been worried about the inflationary impact of the extraordinary zero interest-rate policy which central banks have foisted on us.