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December 2009

Main

Top stories

Vikram Pandit and John Havens: Restructurning – The light comes on at Citi

Investment banking

Lloyd Blankfein: Goldman pays the price of success

Western Europe

ING spells the end of Bancassurance

Banking

Peter Sands: Can StanChart cope with wholesale change?

Emerging markets

Standard Bank plots a path out of South Africa

Capital markets

Bank funding: Investors might not CoCo

Debt trading

Debt trading: Bumper profits mask real state of market

Debt trading poll 2009: Balance sheet counts in debt trading

Prime brokerage

Custodians fight to stay the distance

Asia Pacific

Fire rages over Red Dragon ‘prawn ultimatum’

Macau: Lady luck turns east

Banking news

Capital raising: Lloyds gets its money, any which way

Private banking: McCann lays out his plans for UBS in America

M&A: Cazenove bankers hit the jackpot

Bankruptcies: Dutch bank failure might benefit Rabo

Markets news

Equity capital markets: The IPO market reopens

Rating agencies: Incumbents S&P, Moody's face stiffer competition

Debt capital markets: Competition regulators weigh in on RBS

Monolines: Ambac stares into the bankruptcy abyss

M&A: Stock offerings will fund 2010 M&A boom

People: Mystery as SG suspends two senior FX staff

FX: Gain still on track for 2010 IPO

FX: RBC Dexia hires global head

FX: HSBC appoints head of e-risk

FX: RBS bankers bow out

FX: BofA Merrill gets new e-commerce boss

FX: Exchanges look to jump on FX bandwagon

Asia news

Japan: Aiful creditors worry as Isda dithers on default decision

India falls short on infrastructure

Japan: Megabanks to issue shares... again

Investment banking: MS and MUFG pluck confusion from complexity

People: BofA Merrill tries to regain focus

Asian bankers nervous as bonus season nears

Latin America news

Mexico: Bancomer does well in a crisis

Brazil: Locals make hay from credit

Hybrid debt: Brazilians stock up on subordinated debt

Investment funds: Latin America outshines other emerging markets

Felaban review: The secret of survival is shared in Miami

Peru: New regs create competition for the unbanked

EEMEA news

Defaults: Naftogaz deal offers new solution

Kuwait: GIH reaches agreement with bondholders

Lebanon: Securitization makes a comeback in Lebanon

Banking: Arab Bank appoints new chief executive

Russia: Government launches Eurobond charm offensive

South Africa: Leadership crisis short-circuits Eskom

Poland: Taking pole in capital markets race

Comment

Will the credit rally stick?

The leader Bank of America needs

Private banking: Singapore not yet stainless

At Dubai World’s end

Financial markets: Asia’s cash-call crash course

CMBS: Building blocks

Banking: StanChart shows King is wrong

Renumeration: The US pay-cuts fiasco

Brazil: No end to real’s rise

Columns

Abigail with attitude: Barclays' tea leaves

Abigail with attitude: HSBC – it’s the management, stupid

Macaskill on markets: FICC bonanza could soon be but a fond memory

Macaskill on markets: FICC sales and trading stars bring baggage

Inside investment: Whither the withering hedge funds?

Against the tide: High price of the risk rally

Bank stocks: Why Citi could win big

Front End

Hatoyama, Obama and the blue flower drama

An eBay for billionaires

Citi under-estimates demand for loans

Loose lips: Too big to fail

Quotes of the Month

Off the record