Monday, 23 July 2018

Keith Mullin' s stories

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  • Keith Mullin

    Passive investment will kill IPOs

    People & Markets | 08 September 2017

    INVESTMENT BANKERS LOVE IPOs more than most. These days that’s largely because of the high fees such deals attract, rather than the kudos that comes with being a go-to adviser and underwriter (those bragging rights have been slipping away as the act of going public has lost its lustre as the highest-form corporate end-state).

  • keith mullin

    Follow the money

    People & Markets | 04 August 2017

    THE NARRATIVE EMERGING in Europe around banks’ second-quarter earnings is that the restructuring cycle is reaching an end-point and giving way to a more wholesome focus on business growth. Sounds good, but is that realistic?

  • Venetian farce throws consistency to the wind

    People & Markets | 30 June 2017

    THE EUROPEAN UNION is doing itself no favours. It’s not just that its rationales and applied methodologies for dealing with vulnerable and fragile banks seem inconsistent and rather opaque.

  • Keith Mullin

    What sank Popular? Supervisory negligence

    Ticker | 16 June 2017

    Keith Mullin assesses the aftermath of Spanish lender Banco Popular’s collapse

  • Keith Mullin 475px June 2014

    Strategy and the vagaries of markets

    People & Markets | 27 January 2017

    THERE WAS A lot of chatter on the back of UBS’s fourth-quarter and full-year results around whether the strategy adopted by Sergio Ermotti, to scale back fixed-income and push wealth management to the fore with a smaller equities-led investment bank, has wrong-footed the group vis-à-vis its ability to take full advantage of market conditions that prevailed in the fourth quarter as well as potential evolving market conditions.

  • Keith Mullin

    Banking story turning the corner: stay long

    People & Markets | 20 January 2017

    MAJOR BANK STOCKS have been on a tear since the US election result, up on average around 25% – a whole lot more in many cases. It’s not just US banks but international players too. It’s probably safe to say equity prices have been caught by a wave of investor over-exuberance and the acceleration will settle down over time. But the appreciation does raise some vital questions.

  • keith mullin

    Grumpy bankers least of Cryan’s woes

    Ticker | 19 January 2017

    Not that anyone should be surprised, but didn’t John Cryan have a demeanour of a weary man with a lot of troubles on his shoulders in his interview on CNBC?

  • Keith Mullin

    Are asset managers becoming systemically dangerous?

    People & Markets | 13 January 2017

    SHOULD WE BE worried about the latent power of the US$76.7trn held in the asset management sector – 40% of global financial system assets – to wreak havoc on the world and unleash an unforeseen buyside catastrophe?

  • Is derivatives clearing the biggest Brexit issue?

    Ticker | 12 January 2017

    It was the Xavier Rolet show Tuesday as the polished and articulate chief executive of London Stock Exchange Group turned on the charm and transformed the UK Treasury select committee hearing on the UK’s future economic relationship with the European Union – a very broad macro subject – into a detailed and decidedly micro discussion about derivatives clearing.

  • Rok Perko of Slovenia crashes during the men's Alpine Skiing World Cup

    BMPS bailout enrages Slovenia’s dispossessed

    Top News | 06 January 2017

    The recently announced bailout of Banca Monte Dei Paschi di Siena retail Tier 2 bondholders and the limited bail-in of institutional Tier 1 holders has thrown to the fore a bitter dispute around the wipe-out of shareholders and subordinated bondholders in six Slovenian banks that were rescued by the state in 2013 and 2014.