Latest articles from Western Europe

SocGen moves fast to make most of DCM boom

SocGen's DCM team makes most of bank disintermediation trend

April 2, 2012

Thus far, 2012 has witnessed a marked trend of corporates eschewing bank lending and turning instead to the debt capital markets. By acting quickly, the DCM team at SGCIB has put itself at the forefront of many of these deals.

Antonio Cacorino and Amir Hoveyda

Bulge bracket pair scale down for StormHarbour

April 2, 2012

Boutique investment bank StormHarbour was created in 2009 with the intention of reviving a more tailored and less conflicted approach to serving clients. The idea is attracting a growing number of heavy hitters.

Cyprus looks to lessen Greek exposure

Cyprus looks to break from Greek contagion

April 2, 2012

The exposure of Cypriot banks to the Greek economy has prompted rating downgrades for the country. But with some of the island's banks boasting high liquidity and interest from foreign investors, the long-term prospects look brighter.

competing for dominance

Foreign exchange still in everyone’s sights

April 2, 2012

Higher volumes than before the financial crisis and a growing number of heavyweight currencies are attracting investment banks, but the global foreign exchange pie may not be large enough for everyone to have a slice.

The repo market is vital, not villainous

March 26, 2012

The misuse of the repo market by Lehman Brothers and MF Global should not prompt hasty regulation proposals, because the vast majority of repo activity is entirely transparent and straightforward.

Shedding light on shadow banking

March 26, 2012

The rise of non-bank intermediaries in Europe is an opportunity, not a threat

Basel risk weights leave banks with unequal burdens

March 26, 2012

The process of risk-weighting assets will become even more crucial to calculating bank capital adequacy under Basel III than it is already. Which is why there is growing dissent about the unexplained discrepancies between how different banks are measuring the same risks.

Regulatory change: a key driver for banking sector M&A

March 1, 2012

Financial institutions will have to determine how to adapt their businesses to the new regulatory and economic environment, but this means more than simply deleveraging.

The search for a safe bet

ECB's LTRO gives Europe glimmer of hope

March 1, 2012

After a harrowing 2011 for Europe's crisis-hit sovereign states – and the banks doing business within them – the European Central Bank's long-term refinancing operation has given the markets a much needed boost and offers hope for 2012. However, some still claim that it is little more than a sticking plaster for Europe's troubles.

Italy oil firm, Eni

Glory days for corporate market

March 1, 2012

Europe’s corporate bond market started 2012 at a ferocious pace as investors flocked to what they increasingly perceive as a safe haven. While issuance may slow later in the year, few believe the market is a bubble waiting to burst, and there is a widespread feeling that its heyday will last a good while yet. 

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