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December 2015

Main

Top stories

Small fish, big prize: The market makers out to eat the banks' lunch

Banking: Providing liquidity to liquidity providers

Banking

Banking: Bought to book – the valuations that will drive European bank M&A

Western Europe

Banking: Can Duffy make Clydesdale a contender?

Middle East

Middle East: Saudi Arabia takes cautious first steps to an open market

Middle East: CEO’s sudden departure hits Saudi plans

Wealth management

Wealth management: US wirehouses feel the pressure

Real estate

Fintech

Fintech: Blockchain moves from hullabaloo to hard graft

Africa

Africa: Ethiopia takes a different path

Latin America

Brazil: BNDES – extrication impossible

Lessons from Colombia

Banking news

Greek banks go for third time lucky

Western Europe: UniCredit strategy review prompts drastic cuts

UAE: Thursby – NBAD’s global ambitions are intact

Banking: Tower of regulation

Markets news

Barclays' FX fine: The death knell for last look?

Corporate hybrids: Rating agencies disrupt corporate hybrids again

Equities: Global worries cloud IPO party in Europe

Equities: US IPOs struggle as investors tire of negative returns

Banks chase dwindling green bond opportunities

Asia news

AIIB spells out conservative approach

Indian IPOs: back in vogue, for now

Economists sombre on China monetary trap

China: Ex-regulator calls for market reforms

Latin America news

Deutsche retreats from LatAm

LatAm DCM bankers wind down dismal 2015

Uruguay’s debt record set for tough challenge

EEMEA news

Middle East liquidity crunch starts to bite

Georgia Healthcare gets London IPO away

Poland stronger than Hungary, despite political risks

Comment

Bank consolidation: Europe’s missing link

Private equity: LPs set to play a new tune

US treasuries: HFTs – to USTs and beyond?

Africa: Ethiopia’s credit imperative

CEE: The power of privatization

China domestic reform: do or die

Latin America: Deutsche comes unstuck

Columns

Macaskill on markets: How to game a Draghi Put for corporate bonds

Sideways: Barx and the $150 million email

Against the tide: Cameron’s sterling effort

Inside investment: Shadow play is dangerous

Off Message: Bank PR – unrecognizing the narrative

Front End

Romania’s revolving door – an update

Tech IPO pricing an art, not a science

Nasdaq: Exchanges eye golden wedding

All spice, no substance

Quotes of the Month

Off the record