Latest articles from Western Europe

Dealsoftheyear2012

Deals of the year 2012

The Banker ’s Deals of the Year for 2012 celebrate the most impressive transactions in FIG capital raising, M&A, corporate and SSA bonds, infrastructure and project finance, loans, structured finance, equities, restructuring, Islamic finance, and this year a newly added trade finance category. Many deals were undertaken in very difficult market conditions, while banks from emerging markets are noticeably playing a larger role in the top transactions in their countries.

room to roam

Turkey offers domestic banks room to grow

A tech-savvy, young population and a fast-growing economy are resulting in rapid branch expansion by Turkey’s domestic branches.

Portugal's slow recovery continues

Unlike their counterparts in Ireland and Spain, banks in Portugal are the victims rather than the perpetrators of the country's debt crisis. This should put them in a good position to recover, but limited access to funding and increasing capital ratio requirements are forcing them to change their previously profitable business models.

Too many cooks spoil CRD IV liquidity broth

The growing number of EU institutions intervening on the drafting of Europe’s vital new liquidity requirements is piling uncertainties on banks and capital markets.

Turkey spreads its wings

Buoyant Turkish banks eye regional expansion

Turkish banks are following the lead of the country’s vibrant export sector and expanding into new regional markets, but their strategies vary widely.

Richard Boath

Barclays looks to make the most of debt dominance

Barclays built a multi-asset execution platform out of the Lehman acquisition, and the debt specialist in the bank’s two-man management team for global finance in the EMEA region is relishing the opportunity to deploy that platform if merger and acquisition activity picks up.

RBS hits a high with Center Parcs deal

RBS hits a high with Center Parcs securitisation deal

After deciding that a pure high-yield deal was prohibitively expensive for UK leisure company Center Parcs, RBS helped investors get comfortable with a whole business securitisation structure that other banks were giving a wide berth.

Retrospective taxation could prove an own goal for cash-strapped governments

At a time of fiscal austerity across many countries in Europe, clampdowns on tax planning by large corporates or wealthy individuals play favourably with voters. But they can also undermine competitiveness and the fragile economic recovery.

Convertible bond feeds Dialog's growth story

A convertible bond enabled technology company Dialog to raise funds fast, while significantly broadening its investor base and keeping dilution within fixed limits.

Shedding light on shadow banking

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