ADB chief dismisses 'over-banking' fears in Asia
In an interview with GlobalMarkets Asian Development Bank (ADB) president Takehiko Nakao reveals the strategic thinking behind a surprisingly high degree of cooperation between the Japan and...
View Article'A dollar is a dollar' – battle cry for African integration
Forget flogging beef to Europe – focus on selling chickens to your neighbour. Zambian Finance Minister Felix Mutati tells GlobalMarkets how boosted inter-regional trade to 20% would help transform...
View ArticleVTB first on the block as Russia embarks on mass state sell-off
Russia is to put four large state-owned companies up for sale as it rushes to refill its reserves. Deputy finance minister Sergei Storchak also tells GlobalMarkets that the country will more than...
View ArticleVulnerable nations' - fury at climate finance betrayal
Ministers of some of the islands most vulnerable to the impacts of climate change have delivered a stark warning to rich countries that they need to come up with the cash they were promised as part of...
View ArticleEM leader kicks back against Western anti-bank rules
In an outspoken interview with GlobalMarkets, Peru’s president, Pedro Pablo Kuczynski warns that an over-reliance of monetary policy and a focus on banking regulation is closing off key avenues to growth
View ArticleFears of 'unsustainable' EM bond market as Fed rate rise looms
While financial markets have been calm ahead of a widely expected December rate rise by the US Federal Reserve, analysts are growing increasingly worried that emerging market bonds are vulnerable to a...
View ArticleFailure to borrow for infrastructure 'makes absolutely no sense'
Economists are urging governments to spend on infrastructure while rates are at historic lows, in order to boost economic growth. But some of those involved in such projects in emerging markets have...
View ArticleHow I learned to stop worrying and love SoFi
The business model of marketplace lender SoFi can sometimes sound like the subject of a grim corporate dystopia. The fintech startup is not only in the business of selling loans — it wants to bring...
View ArticleClarity today beats harmony in the future
The ship has sailed on establishing a common EU approach to bank creditor hierarchies in insolvency. European authorities need to drop the now redundant pursuit of harmony in the more pressing pursuit...
View ArticleTight deadline as EU fast-tracks margin rules
The European Parliament will fast-track its approval of margin rules for uncleared swaps, adding certainty to the deadline for implementation but also accelerating the workload for the first wave of...
View ArticleConn’s issues retained tranche from March ABS deal
Home appliance chain Conn’s Inc. is selling the originally retained ‘C’ notes from a $564.05m subprime consumer loan ABS that was priced in March.
View ArticlePureGym dumps London IPO after Nets dents sentiment
PureGym, the UK’s largest gym operator, has pulled the plug on its £219m London IPO after finding weak demand, in another blow to the autumn equity capital markets pipeline.
View ArticleRBS reminds us that ‘dealing' with non-performing loans can turn ugly
European banks, especially the Italians, need to solve their non-performing loan problem, agrees everyone from the European Central Bank to the least informed finance hack out there. But the...
View ArticleInforma’s £715m rights issue off to good start in trading
Informa’s rights began trading separately from its shares today, and so far have traded encouragingly.
View ArticleCovered bonds do exactly what they say on the tin
Maturing deals issued by Washington Mutual and National Bank of Greece show covered bonds doing precisely what they're supposed to — redeem in full and on time.
View ArticleGjensidige cuts Sparebank 1 stake in Norwegian block trade
Gjensidige Forsikring, the second largest shareholder in Norway’s Sparebank 1 SR-Bank, has tonight launched a block trade to sell a 5.7% stake in the bank, worth about Nkr690m (€77m) before any discount.
View ArticleRMBi needs to match China reform progress, says Brookings Institution
Renminbi globalisation has been successful so far, but now the low-hanging fruit has been picked, Chinese authorities will struggle to push through the next round of reforms, according to Eswar Prasad,...
View ArticleBlackRock UK RMBS vehicle surfaces with first deal mandate
A UK RMBS vehicle funded solely by clients of BlackRock has mandated for a debut deal which will be backed by a £238m buy-to-let portfolio originated by Fleet Mortgages.
View ArticleFannie Mae to sell NPL loan pools in November
US government sponsored enterprise Fannie Mae is to sell five pools of approximately 7,300 non-performing loans in November totalling $1.39bn in unpaid principal balance.
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