Latest Intelligence on Corporate and Investment Banking

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Type Product title / description Pub Price
Expert View
Expert View

The FSA's crackdown on mis-selling shows it is still slow to react to events

Following a succession of mis-selling scandals, the FSA has announced a policy initiative to address the widespread practice of incentivizing staff to sell products and services through the use of bonuses and commissions. There are concerns, however, that the regulator is once again responding to events well after they have happened instead of acting in a more preventative manner.

Published By Datamonitor
06 Sep 2012
Expert View
Expert View

Russia: Sberbank and Troika Dialog's merger will create a force to be reckoned with in Europe

Sberbank of Russia and Troika Dialog have announced that they are merging to establish the largest universal banking institution in Russia. As part of the process of integrating Troika into the Sberbank structure, a new wealth management unit is being created, which will be a dominant player in the country's growing affluent market, giving it an excellent base to pursue further expansion plans.

Published By Datamonitor
17 Feb 2012
Expert View
Expert View

Bankwest may have been propped up by Reserve Bank of Australia during the financial crisis

Documents tendered in an Australian court case suggest that Bankwest was kept afloat by RBA during the financial crisis, receiving up to A$3.75bn a month in funding. The troubled bank was subsequently purchased by Commonwealth Bank Australia at a book discount. The revelation challenges the prevailing view that Australia escaped the crisis without resorting to bank bailouts.

Published By Datamonitor
17 Feb 2012
Expert View
Expert View

Australia: new Islamic Index is expected to appeal more to investors from overseas

Following last year's introduction of an Islamic equity fund, Thomas Reuters and Crescent Wealth have launched their first Islamic Australian index. The index offers domestic and international investors a tool to invest in the Australian market in accordance with Sharia law, although it is a product that will appeal more to overseas investors.

Published By Datamonitor
17 Feb 2012
Expert View
Expert View

Julius Baer strengthens its "second home market"

Julius Baer and Macquarie Group have entered into a strategic collaboration agreement. The agreement will combine the private banking and investment banking expertise of both institutions to better serve clients in Asia Pacific.

Published By Datamonitor
18 Oct 2011
Expert View
Expert View

CBA offer for Count Financial points to consolidation of larger firms

Australian banking giant CBA announced on August 30 that it had offered A$373m for Count Financial, one day after the first bill for the FOFA was announced. Datamonitor believes that further consolidations involving larger-than-expected players are set to occur in response to the reforms.

Published By Datamonitor
01 Sep 2011
Expert View
Expert View

High net worth investors' high exposure to sovereign debt should be a major cause for concern

The passage of legislation in the US to raise the debt ceiling will be welcomed by investors worldwide, but US Treasuries are not out of the woods yet and Europe's debt faces further downgrades. This is bad news for the eurozone's high net worth investors, who hold 13% of their wealth in these supposedly "safe-as-houses" investments.

Published By Datamonitor
03 Aug 2011
Expert View
Expert View

Lloyds branch disposal faces obstacles to a timely sale

Co-operative Bank and NBNK are the only bidders known to have submitted formal proposals for the branches and associated customer accounts that Lloyds is being forced to sell. Lloyds needs to sell quickly to pre-empt September's report from the Independent Commission on Banking, which may recommend a larger disposal to promote competition, while customer reaction may delay the sale further.

Published By Datamonitor
21 Jul 2011
Expert View
Expert View

Banking sector reform in Spain hangs in the balance as global hedge funds remain cautious

Recently, large hedge funds including Paulson & Co. have shown interest in the struggling Spanish savings banks. However, Moody's has lowered its credit and deposit rating for 30 Spanish banks and downgraded the country's credit rating from Aa1 to Aa2 status. As the savings banks scramble to secure foreign investment, increased pressure is being put on already heavily burdened government funds.

Published By Datamonitor
29 Mar 2011
CommentWire
CommentWire

Northern Rock: new securitization signals end in sight for banking crisis

The announcement of a new GBP350-400m mortgage-backed securitization by Northern Rock suggests that the bank is finally drawing a line under the crisis that nearly destroyed it in 2007. Moreover, the cautious nature of the forthcoming issue should allay fears that the move heralds a return to risky practices, and may encourage other lenders to follow suit.

Published By Datamonitor
25 Mar 2011

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