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Tuesday, 17 January 2017

Markets

Boutiques encroach on big banks' activism turf

IFR 2164 17 December to 6 January 2017

Companies facing activist shareholders are turning more frequently to independent investment banks to help them mount a defence.

US corporate bond market to roll on after Fed hike

IFR 2164 17 December to 6 January 2017

US companies are already looking well beyond last Wednesday’s first rates hike in a year, focusing instead on policy under the Trump administration and its effects on the corporate bond market.

Greek Presidential Guards march

Greece’s bond hopes deemed wishful thinking

IFR 2163 10 December to 16 December 2016

Greece’s major creditor, the European Stability Mechanism, is hopeful that the country can return to the bond markets within the next 20 months but bankers remain sceptical that it will do so in time to refinance the first of its post-restructuring bonds, which comes due next July.

MiFID II to create ‘two-tier’ research market by 2018

IFR 2161 26 November to 2 December 2016

(CORRECTS 23rd paragraph to say LGIM has unbundled research payments on active funds, resulting in small increases in fixed fund management fees)

A man walks past a branch of the Australia and New Zealand Banking Group Ltd (ANZ) in Sydney.

Many happy RMBS returns for ANZ

IFR 2161 26 November to 2 December 2016

Australia and New Zealand Banking Group took advantage of pent-up demand for bank-originated RMBS last week as it ended a self-imposed 12-year exile from the mortgage-backed market.

IMF logo

D-day for IMF under Trump

IFR 2160 19 November to 25 November 2016

Donald Trump’s inauguration on Capitol Hill next January will be keenly watched in Washington DC, not least over at the headquarters of the World Bank and International Monetary Fund.

US President Barack Obama with President-elect Donald Trump (L)

Primary markets barely miss a beat after shock Trump win

IFR 2159 12 November to 18 November 2016

Capital markets were supposed to grind to a juddering halt if Donald Trump succeeded in his bid to become the 45th president of the United States. In the event, it took just a few hours for deals to return to market and for service – albeit not a full one – to resume.