Saturday, 24 March 2018

Gareth Gore' s stories

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  • US dollar bills

    Fees top US$100bn for first time since 2007

    Top News | 15 December 2017

    Christmas has come early for investment bankers, after the annual haul of fees from underwriting and advisory work last week topped US$100bn for the first time in a decade, following a last-minute rush of deals that capped a bumper year of issuance.

  • Built on sand?

    Built on sand?

    All Special Reports | 15 December 2017

    Grand plans to transform Saudi Arabia’s oil-focused economy have caught the attention of every major bank over the past year. But many could be in for a long wait as they seek returns on the resources being lavished on the country.

  • Bank for Financial Institutions: Morgan Stanley

    Bank for Financial Institutions: Morgan Stanley

    All Special Reports | 15 December 2017

    Only one bank can boast of having been the key adviser on the year’s biggest transactions from European banks, US insurers and Asian fintech firms. For its range of work on complex deals across all products and regions, Morgan Stanley is IFR’s Bank of the Year for Financial Institutions.

  • Bank for Governments: Citigroup

    Bank of the Year for Governments: Citigroup

    All Special Reports | 15 December 2017

    Its unrivalled global presence and prowess across the entire spectrum of banking have long marked out Citigroup as a vital partner for public sector clients. But in 2017 it took that a step further, leveraging its assets to create some landmark and often innovative solutions for governments – often against strong headwinds. Citigroup is IFR’s Bank of the Year for Governments.

  • Bank for Financial Sponsors: Goldman Sachs

    Bank for Financial Sponsors: Goldman Sachs

    All Special Reports | 15 December 2017

    Coming up with new transaction ideas while navigating a crowded field of private equity firms, family offices, sovereign wealth funds and other asset managers has been crucial for sponsor bankers in a busy year. One firm has cemented its lead over rivals, making Goldman Sachs IFR’s Bank of the Year for Financial Sponsors.

  • Credit Suisse gears up for Europe pick-up

    People & Markets | 08 December 2017

    Credit Suisse is shifting its investment banking resources towards Europe ahead of what’s expected to be a substantial pick-up in deals in the region next year following years of subdued activity and false starts.

  • Steinhoff International logo

    Steinhoff scandal leaves banks gauging exposure

    Top News | 08 December 2017

    Banks that financed Steinhoff International’s rapid expansion have been left gauging their exposure – both financial and legal – to the South African retailer after “new information” emerged relating to possible accounting irregularities.

  • Saudi Arabian flag

    Saudi deals dry up amid uncertainty

    Top News | 24 November 2017

    When Saudi Arabia unveiled a grand plan early last year to overhaul its economy, create millions of jobs and facilitate trillions of dollars of fresh investments, the landmark announcement created a frenzy among the world’s investment banks.

  • Graduation ceremony

    UK revives student loan sale as fiscal hole deepens

    Top News | 03 November 2017

    The UK government will press ahead with the sale of a £3.7bn pool of student loans by the end of the year despite an ongoing review of university funding that could saddle it with a hefty compensation bill for investors that buy into the deal.

  • ECB Exit

    ECB eyes end of QE but retains corporate commitment

    Top News | 20 October 2017

    After more than €2trn of bond purchases, the European Central Bank is expected on Thursday to announce the phasing out of its quantitative easing programme, with plans to reduce – and eventually halt – its purchases over the course of next year.

  • Graduates

    UK government in a bind over £4.1bn student loan sale

    Top News | 13 October 2017

    The UK government faces a dilemma over whether to proceed with a landmark sale of £4.1bn of student loans, the first in a series of transactions it hopes will raise £12bn for the exchequer over the next four years.

  • EU flags fly in front of the ECB headquarters in Frankfurt

    ECB eyes deadlines for banks to cover bad loans

    Top News | 06 October 2017

    The European Central Bank plans to require banks to set aside enough cash to cover the full amount of any loan that falls into arrears, as it seeks to make it prohibitively expensive for lenders to just sit on bad loans.

  • A dry bulk cargo ship

    Day of reckoning draws near for German banks' shipping losses

    Top News | 29 September 2017

    When a cancelled order freed up nine slots at the Ulsan shipyard in South Korea in late 2007, the news set off a frenzy of activity 6,000 miles away in Hamburg.

  • A Hapag-Lloyd container being loaded

    Debt-laden Hapag-Lloyd to launch US$400m rights issue in days

    Top News | 22 September 2017

    Hapag-Lloyd will launch its US$400m rights issue in the next few days, as the shipping giant seeks to bring down debt that has ballooned as a result of its merger with Middle East peer UASC.

  • HSH Portfoliomanagement debuts at last

    Bonds | 15 September 2017

    German bad bank HSH Portfoliomanagement finally made its bond market debut on Tuesday, printing a three-year US$500m FRN – albeit more than a year after it mandated banks on the trade.

  • Otkritie Financial Corporation logo

    The curious collapse of Russia's Otkritie

    Top News | 08 September 2017

    When Kirill Lukashuk and Alexander Proklov put out their view of the creditworthiness of Otkritie in early July, they never imagined the note might trigger a series of events that would push Russia’s largest private bank into a central bank bailout.

  • European Parliament in Strasbourg, France

    Europe draws up sovereign CDO plans

    Top News | 11 August 2017

    European banks could be pushed to sell their Italian, Spanish and Portuguese sovereign debt holdings and replace them with newly created “safe” securities under proposals designed to strengthen the region’s financial system.

  • Piggy Bank

    Looming maturities threaten Greece's bailout exit

    Top News | 28 July 2017

    Greece and its creditors were quick to hail the country’s triumphant return to the sovereign bond market as an important milestone as it prepares for financial independence once its current bailout ends just over a year from now.

  • UniCredit

    UniCredit's €16bn NPL deal nears finish

    Top News | 21 July 2017

    UniCredit hopes to shift bad loans with a face value of €16.2bn off its books before the end of the month after signing an agreement with US funds Pimco and Fortress. The funds have committed to buy just over half of the portfolio for around €1bn.

  • Estonia's Finance Minister Toomas Toniste

    Europe eyes power to strong-arm banks on NPLs

    Top News | 14 July 2017

    European regulators could be given more power to force banks to tackle the €1trn of bad loans festering on their balance sheets, under new proposals put together by the region’s finance ministers.

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