Chuck Prince has been horribly pilloried for his now infamous “we’re still dancing” comments that came in July, just before the blow up in August. But the fact is that any bank that quit a market ahead of the peak, and any major investment bank that was absent from a key sector at a time of huge build up, would be punished by shareholders for giving up profits.
Latest articles from Capital Markets
ABN AMRO unlocks the door to liquidity
November 5, 2007For ABN AMRO’s pioneering property derivatives team the value of deals is mushrooming, but it is keen that other players enter the market and create greater liquidity. Joanne Hart reports.
Economic cities point to a sea change in thinking
November 5, 2007The financial services sector in Saudi Arabia is benefiting from new policies aimed at attracting foreign investors, and creating a more sophisticated market, write Nadine Marroushi and Jon Marks.
Philippe El-Asmar
October 1, 2007Barclays Capital’s head of investor solutions, Americas, tells Kathryn Tully how he successfully built a team from scratch to develop tailored structured products across all asset classes as well as equity and fund derivatives solutions.
In search of a single view of risk and return
October 1, 2007Risk management in financial institutions should take a single view of risk and return, rather than be fragmented across the organisation. This was the topic of a round table hosted by The Banker in New York last month, and summarised here by Michael Imeson.
Four pillars of support
September 3, 2007As the world of banking changes, risk management must keep pace, and research and risk analysis are becoming increasingly important and complex. Heather McKenzie reports on Moody’s approach to risk ratings.
The risks of severe, infrequent events
September 3, 2007Too little is made of the fact that financial market institutions have been underprepared to measure, manage and price high-impact risks; indeed decision makers are actively rewarded for underestimating risks associated with low-probability events. Nassim Nicholas Taleb (left)and George A Martin (right) explain.
Mind the value gap
September 3, 2007In India, long-term value is being left on the table as environmental, social and governance issues are ignored. But these issues will be increasingly important competitive differentiators, writes Dan Siddy.
Looking to a greater overseas presence
September 3, 2007After the bunker mentality of the early 2000s, when some banks sold off almost all their overseas assets, Japan’s big banks are increasingly turning their attentions abroad. Charles Smith reports.
The City makes a head startfor hub status
September 3, 2007The market for Islamic banking is forecast to grow at double the rate that conventional wholesale banking will grow in the next five years. Unsurprisingly, banking centres around the world are scrambling to establish footprints in the market. Natasha de Terán investigates how London is positioned.