38 articles found within the last year.
Displaying results 1 - 20
-
Junk bonds set for record 2010
Sub-investment grade companies could raise a record $210bn ... The figure would surpass the previous yearly record ... Issuance in 2009 is on course to fall ... The report said: “Given that the high-yield primary ... Melentyev and Cho assume that the average monthly ... They added: “Such volume –1.7% average per month...
-
Debt defaults hit record but expected to slow
Default rates of low quality debt at European ... Rating agency Standard & Poor’s expected the number ... The figure, which followed the agency’s last reported ... The research tracks companies in the EU, Norway, ... The aggregate outstanding debt held by the 81 ... The acceleration in defaults followed the collapse of...
-
Lloyds' novel capital raising set to appeal to the wealthy
Lloyds Banking Group’s plans to raise about £7bn ... Contingent capital, which comes in the form of ... It will be marketed to institutions as well ... The common equity following the conversion effectively shores ... Amir Hoveyda, head of debt capital markets for ... Hoveyda, said: “Absent any major change in the...
-
Trading engine room drives Goldman revenues but comp ratio falls
Goldman Sachs’ trading and principal investments business fell ... Trading and principal investments, which includes Goldman Sachs ... The bank generated net investment banking revenues of ... However, Goldman Sachs cut its compensation-to-revenues ratio to ... The results come a day after JP Morgan...
-
Crisis fails to dent largest banks' market shares
Massive changes in the investment banking industry over ... The findings appear in a report published this ... Bank of America Merrill Lynch, Citigroup and UBS ... Goldman Sachs’ share of the global investment banking ... JP Morgan, which has a market share of ... Credit Suisse's analysts wrote: “Across the industry, the...
-
JP Morgan’s blow-out quarter leaves Winters in wonderland
JP Morgan more than doubled its net investment ... Net profits from investment banking hit $1.9bn (€1.3bn) ... The jump in profits was driven by the ... Profits for the first nine months of 2009 ... Here, Financial News provides a breakdown of the ... • Headcount and compensation ...
-
Bumper credit market inflows spark fresh fears of 'bubble'
Investors do not expect the wall of money ... In the latest credit investor survey by BofA ... The flow of money into credit funds in ... This trend is not expected to reverse soon ... Barnaby Martin, credit strategist at BofA Merrill Lynch ... He added: “With so much liquidity, investors remain...
-
French banks 'likely winners' from regulatory clampdown
A new report has identified French banks as ... BNP Paribas and Société Générale are likely to ... The relatively low exposure of the two banks ... JP Morgan’s report comes weeks after analysts at ... The pressures on French investment banking businesses have ... However JP Morgan wrote in the research that...
-
UBS and UK brokers continue fixed-income hiring spree
UBS and rival independent brokers Execution and Evolution ... UBS, which last month unveiled over 20 hires ... The development comes at the same time Execution, ... Evolution has also hired a new head of ... Investment banks and independent brokers have been on ... Bank of America Merrill Lynch, Morgan Stanley, Royal...
-
Banking inertia threatens plague of zombies
Banks’ continuing reluctance to finance new deals or ... A day after it emerged buyout firm Silverfleet ... The data showed the percentage of European companies ... Seniors lenders’ reluctance to restructure bad loans and ... Financial News and sister publication Private Equity News...
-
Goldman had 46 $100m days in second quarter
Goldman Sachs said it made $100m (€69m) in ... The New York-based investment bank said in a ... Goldman reported last month that second-quarter profit surpassed ... Trading and principal investments drove the firm's overall ... The company also said in the filing that ... A spokesman for Goldman Sachs declined to comment...
-
Comment: Time to vaccinate banks against the the next seductive 'meme'
The implosion of US-based CIT finance group and ... CIT’s chief executive Jeff Peek was passed over ... When delinquency in sub-prime started developed in 2007 ... The point of the story is it doesn’t ... Everyone had been keen to borrow in the ... Academic Richard Dawkins once described their follow-my-leader behaviour...
-
European junk bond market tested by jumbo sale
The European high-yield bond market is undergoing its ... Wind’s planned €2.7bn ($3.8bn) sale of eight-year bonds, ... Credit Suisse, Deutsche Bank and Italy’s Banca IMI ... The bonds could yield 12%, according to Scott ... The European high-yield bond market was re-opened by...
-
Goldman ranks top in China
Goldman Sachs is set to pass the half-way ... The US banking giant has already earned $81m ... Its revenues have been bolstered by an estimated ... Bank of America Merrill Lynch is second in ... Overall investment banking revenues in Greater China total ... Goldman could further strengthen its league table position...
-
Broker snatches UBS credit team for European push
The UK subsidiary of a US electronic broker ... In a statement, Knight Libertas, part of US ... Robertson has been joined at Knight Libertas in ... The other four hires are Tom Goodale from ... All of Libertas' new hires under Robertson are ... Gary Katcher, executive vice-president, head of global institutional...
-
Bond market rally will 'reverse' this year
Investor exuberance in the European corporate bond market, ... Société Générale’s chief European credit strategist, Suki Mann, ... He said that not only has there been ... Such has been the level of investor demand ... ... However, debt capital markets bankers are warning that...
-
Compensation consultant predicts pay boost for traders
Bankers working in equity and fixed income will ... According to compensation consultants Johnson Associates, equities and ... However, it said the improvement in market conditions ... Nevertheless, Johnson Associates' sample of seven major investment ... In contrast, its analysis of eight public asset...
-
Credit funds report record inflows as investors dash for bonds
Inflows of new money into institutional credit funds ... In the latest credit investor survey from Bank ... During the past three months, investors – many ... As of yesterday, euro denominated corporate bond issuance ... Barnaby Martin, credit strategist at Bank of America...
-
Is the credit rally for real?
In Eugene O’Neill’s 1930s play The Iceman Cometh, ... In its loan officer survey, published on Monday ... Another positive development has been the persistent drop ... Scott Thiel, head of fixed income at fund ... There has been other positive news. Interbank ... The party in credit has been led by...
-
SG investment bankers take pay hit as writedowns drag on profits
Compensation for staff in the corporate and investment ... Revenues from trading, led by the fixed income, ... This meant that despite the strong performance from ... Société Générale said the fall in operating expenses ... Analysts at Credit Suisse wrote this morning in...
12
