Latest articles from US

Mind the GAAP on bank leverage

December 8, 2011
Us vs Europe teaser

US GAAP accounting standards may offer a misleading picture of leverage among five of the largest American banks relative to their European counterparts, because US banks net out derivatives exposure when calculating total assets.

Commodities supp teaser

CFTC commodity rules divide financial world

December 1, 2011

The US's Commodity Futures Trading Commission's new rules were passed by a slim majority of three to two and met with much chagrin as those opposing the changes threatened legal action. But with its position limit levels set wide, how will the reforms actually affect investment banks?

Christian Meissner

BAML CIB co-head takes comfort in deal dominance

December 1, 2011

Revenues may be down but market share is up for Bank of America Merrill Lynch's corporate and investment banking division. This is giving its global co-head, Christian Meissner, cause for optimism going into 2012, despite the tough markets in Europe and Asia.

DCM COVER TEASER

High-yield bonds battered but still resilient

November 1, 2011

Junk bonds have suffered badly since the start of June, with investors being quick to sell off what is one of the riskiest fixed-income asset classes. But bankers point to the market’s underlying strengths and insist it will only get bigger in the long term. 

DCM COVER TEASER

How to reboot bank funding markets

November 1, 2011

Deep uncertainty over sovereign debt exposures and new regulation has locked many banks out of the senior unsecured funding markets, leading to a frantic search for solutions.

Dodd-Frank Act's long arm is felt around the world

August 1, 2011

On the one-year anniversary of Dodd-Frank, much may have been achieved, but almost as many rule-making deadlines have been missed. More importantly, there are growing industry concerns that lack of agreement about how to apply the extraterritorial reach of US regulation is a problem that just will not go away.

Mark Aedy, head of EMEA, Moelis & Company

Moelis & Co: a boutique no longer?

June 30, 2011

It is becoming more difficult to call four-year old Moelis & Co a boutique firm. Times are good for independent investment banks, but can this run of good business continue?

Sanofi Aventis defies global turmoil to close $20bn takeover of Genzyme

June 1, 2011

The caution in the markets following the tsunami in Japan and unrest in north Africa provided an unpromising backdrop to French company Sanofi Aventis's $20bn takeover of US biotech firm Genzyme. However, the deal passed off as a resounding success.

US community banks

Why did some community banks fail and others thrive in the US crisis?

May 9, 2011

Some US community banks managed themselves conservatively and stuck to their knitting while others expanded too quickly on the back of the real-estate boom. While the former are prospering, the problems and failures among the latter are adding up.

Crumbling Infrastructure

America's crumbling infrastructure: can private capital save it?

May 4, 2011

The US is in trouble. Its infrastructure is in dire need of repair but the heavily indebted country cannot afford to pay for it. All the more surprising then that the overtures of private – and in many cases foreign – capital are being met with resistance.

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