Capital Raising & Corporate Finance
EUROPE GOES ON HIGH-YIELD DEBT FLING
CORPORATE FINANCE FOCUS | CORPORATE DEBT
Western Europe
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Banking
EUROPEAN STRESS TESTS MAY STILL BE TOO SOFT ON BANKS
Upcoming stress tests for Europe’s 124 largest banks will have more credibility than they had previously, but some analysts argue that banks may need far more capital than regulators demand to withstand a crisis. And any hoped-for international standardization in terms of stress testing is out the window as there is little comparability between the upcoming European and recently completed US bank tests.
Capital Raising & Corporate Finance
ANNUAL SURVEY: WORLD’S BEST BANKS 2014
In our 21st annual survey, Global Finance identifies the best banks in 150 countries and eight regions. The winners are not always the biggest banks, but rather, the best—those with the qualities that corporations should look for when choosing a bank.
Capital Raising & Corporate Finance
EUROZONE EYES QUANTITATIVE EASING
Inflation in the eurozone slipped to 0.5% at an annual rate in March, its lowest level since 2009. The persistence of low inflation prompted policymakers to discuss quantitative easing (QE) and a negative deposit rate, putting some downward pressure on the euro.
Capital Raising & Corporate Finance
SANCTIONS THREATEN RUSSIAN DEALS
Mergers and acquisitions involving Russian companies, including Morgan Stanley’s planned sale of its global oil-trading unit to Rosneft, are threatened by Western sanctions on Moscow over the Ukraine crisis.
Banking
US VS THE WORLD: ROUND ONE
The fight has just begun, as newly enacted Fed rules start to cramp long-accepted operating styles of global banks. The banks are weighing what to do about it—as are global policymakers.
Capital Raising & Corporate Finance
Foreign Exchange: Euro Rises
CORPORATE FINANCING NEWS By Gordon Platt The European Central Bank’s refusal to ease monetary policy in the face of below-target inflation boosted the euro to its highest levels of the year in March, while the British pound rose ...
Economics, Policy & Regulation
Italy: Ex-OECD Exec Takes Finance Reins
NEWSMAKERS By Valentina Pasquali Headed by 39-year-old prime minister Matteo Renzi, Italys new government is the youngest in the countrys...
Banking
Italy: Remodeling The Vatican Bank
MILESTONES By Luca Ventura The oldest multinational in the world is about to get a substantial makeover. The news came on February 24th, when its CEO, Jorge Mario Bergoglio, also known as pope Francis, issued a Motu Proprio, ...
Banking
World’s Best Investment Banks 2014
ANNUAL AWARDS: HIGH-OCTANE YEAR Global investment banks will face a tremendous challenge as they strive to continue running their underwriting businesses at the elevated levels they reached in 2013. Many of the largest banks on Wall Street reaped a windfall ...
Banking
Unicredits Recent Write-Offs Unlikely To Satisfy ECB
UniCredit Holding, Milan The write-offs taken in early March by UniCredit may fall well short of what Italys largest bank...
Capital Raising & Corporate Finance
BAFT Annual Global Meeting
STAR PERFORMERS By Anita Hawser Over the past six years transaction banking has been one of the best performers in an otherwise lackluster banking sector. Even in the midst of a global financial crisis, suppliers and salaries still need to ...