Latest articles from Capital Mkts

Greg Fleming

February 3, 2004

The president of Merrill Lynch’s global markets and investment banking division tells Suzanne Miller about Merrill’s new regime of profitability as it focuses on rebuilding business following the brutal bear market years.

Borrowers are still in the driving seat of loan pricing

February 3, 2004

Amid a dearth of alternative investment grade lending opportunities, banks continue to provide their relationship clients with aggressively-priced syndicated loans. Unless M&A activity increases this year, bankers fear loan pricing could fall even further. Joanna Hickey reports.

Smooth sailing for linkers deal

February 3, 2004

Goldman Sachs drew on its expertise in inflation-linked bonds in an innovative 15-year issue for Agence France Trésor. Geraldine Lambe reports on how it suggested the move and helped make the deal.

Adecco results delayed by ‘accounting issues’

February 3, 2004

Employment giant Adecco has been hit by a raft of problems at its North American arm, resulting in a stock slide, rating downgrade and official investigations in New York. Geraldine Lambe reports.

Search for safety feeds inflation derivatives market

February 3, 2004

Inflation is once again being discussed and inflation-linked instruments have stepped back into the spotlight. Natasha De Teran finds that derivatives have as much of a role to play as inflation-protected securities.

Securitisation rules, okay?

February 3, 2004

Securitisation is dead, long live covered bonds – that would be one interpretation of events in the capital markets driven by the onslaught of Basel II and IAS 39.

Investment banks in hot water... again

February 3, 2004

What Eliot Spitzer was to Wall Street, the Stuttgart private law firm Binz & Partners may now be to Finanzplatz Deutschland – the instigator of a legal process that calls investment banks and company executives to account but raises the question of whether this is the best way of doing it or merely the most politically exciting.

Bob Diamond

January 5, 2004

Barclays Capital’s CEO explains how proving itself in Europe is an ideal platform for building its US business. By Geraldine Lambe and Brian Caplen
When Barclays Capital CEO Bob Diamond was passed over for the top position at Barclays last October, there was a lot of media speculation that if a good offer came from another firm, he would be happy to jump ship. Mr Diamond’s rebuttal is adamant and he says his “enriched mandate” to combine the wholesale and institutional businesses gives him a good enough reason to stay.

US ready for increase in OTC derivatives appetite

January 5, 2004

Europe has become the home of OTC derivatives innovation but, as Natasha de Teran reports, European houses are gearing up for a predicted upswing in demand on the other side of the Atlantic, and will give US firms a fight on their own turf.

A long line of firsts

January 5, 2004

Timing conspired to line up three back-to-back, ground-breaking deals for Merrill Lynch’s Financial Institutions Group, allowing it to clinch 10 firsts in three markets within five days. Geraldine Lambe reports on the team’s many reasons to celebrate.

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