Top Section/Ad
Top Section/Ad
Most recent
The preference for a diverse group of lead managers and the convention of reciprocity keep covered bond bookrunning competitive despite concentration so far this year
Chemical sector's growing uncompetitiveness a problem when it comes to attracting investment in the capital markets
When staff complain, they deserve a fair hearing, not a wall of silence
Benin reaped the rewards of its sukuk debut last week, and will do so for years to come
More articles/Ad
More articles/Ad
More articles
-
Euphoria is too strong a word but the relief among Merrill Lynch bankers is palpable following their bank’s sale to Bank of America. That is understandable: a lot of uncertainty remains, but whatever happens, John Thain, a Merrill outsider is now a hero to Mother Merrill insiders.
-
Real money investors are shopping for bargains in the secondary leveraged loan market. That’s not sufficient for prices to recover in the short-term, but it’s a necessary, and welcome, first step on the road.
-
“They’ve taken the free market out of the free market,” huffed Senator Jim Bunning this week as he called for the heads — well, resignations at least — of Hank Paulson and Ben Bernanke for effectively nationalising the US mortgage market.
-
The US Treasury’s rescue plan for Fannie Mae and Freddie Mac was aimed at restoring confidence in the mortgage market at the epicenter of the global credit crunch and it might have been expected to calm other markets both suffering and benefiting from the turmoil. For one borrower sector, the sovereigns, supranationals and agencies, that hasn’t happened yet and it’s very much business as usual.
-
The ECB’s cautious tinkering with its rules for eligible collateral risks prolonging the transition to normalised origination and funding operations.
-
Monoline insurer MBIA’s agreement to reinsure FGIC’s $184bn municipal bond portfolio gave its faltering rival a little breathing room and boosted its own chances of early release from the emergency ward. FGIC, though, is going to remain on life support for some time yet.