2013

Equity: IPO Markets Gain Momentum

CORPORATE FINANCING NEWS   By Gordon Platt   The global market for initial public offerings continued at a quick pace in early August, led by the US and the Asia-Pacific region, according to Renaissance Capital. Sprouts Farmers Market, which operates ...

US: Recovery Slow Despite GDP Revisions

MILESTONES   By Gordon Platt   Rewriting economic history going back to 1929, the Commerce department’s Bureau of Economic Analysis (BEA) increased the size of the US economy by $560 billion. That is the equivalent of the output of the ...

FX: Analysts Still Bullish On Dollar

CORPORATE FINANCING NEWS   By Gordon Platt   The Federal Reserve is expected to gradually cut back on its bond purchases, becoming the first of the major central banks to do so. The divergence in US monetary policy from those ...

M&A: Telecoms, Media Deals Rise In Down Market

CORPORATE FINANCING NEWS By Gordon Platt Technology, media and telecoms—the TMT sector—is enjoying a surge in deal activity this year, even as the value of worldwide mergers and acquisitions is slumping, particularly in Europe. The first half of this year ...

World’s Best Subcustodians 2013: Regional Winners

By Gordon Platt   NORTH AMERICA Citi Lee Waite: The rules of the game are not static Citi is the largest subcustodian in the US, the world’s biggest subcustody market. The bank also has the largest proprietary network in the industry, ...

World's Best Banks 2013: Africa

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt   MOBILE BANKING STIMULATES ECONOMIC GROWTH IN AFRICA Africa is one of the fastest-growing markets in the world for mobile payments. Money transfers using mobile phones will exceed $200 billion in ...

World's Best Banks 2013: North America

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt RECORD EARNINGS FOR CANADIAN BANKS Canadian banks have continued to report record earnings, despite a slowdown in the Canadian economy, surprising most analysts. Plus, they have avoided many of the ...

M&A: Megamergers Raise Hope for More

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   With the stock market hitting record highs and confidence growing in the US economy, dealmaking has accelerated dramatically. A series of megamergers has unleashed a spirit of optimism about the ...

Debt: Distressed Corp Deals Decline

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   Distressed debt and bankruptcy restructurings completed in 2012 more than doubled from 2011 to $423 billion, according to Thomson Reuters. Excluding Greece’s record $263 billion debt-exchange transaction, however, produces a very ...