Capital Raising & Corporate Finance
Upcoming stress tests for Europe’s 124 largest banks will have more credibility than they had previously, but some analysts argue that banks may need far more capital than regulators demand to withstand a crisis. And any hoped-for international standardization in terms of stress testing is out the window as there is little comparability between the upcoming European and recently completed US bank tests.
CORPORATE FINANCING NEWS | FOREIGN EXCHANGE
CORPORATE FINANCE FOCUS | CORPORATE DEBT
SECTOR REPORT: AGRIBUSINESS
As the world’s population expands and diets improve in some of the most populous countries, agri-businesses must grow at a strong clip to keep up with demand.
NEWSMAKERS: UNITED STATES
New Ford CEO Fields is about to be put to the test.
BANK OF AMERICA | MERRILL LYNCH GLOBAL CUSTODY SERVICES
BNP PARIBAS SECURITIES SERVICES
UNICREDIT GLOBAL SECURITIES SERVICES
CORPORATE FINANCING NEWS | MERGERS & ACQUISITIONS
CORPORATE FINANCING NEWS | GLOBAL EQUITY/DRS
Led by the Asia-Pacific region, global proceeds from initial public offerings totaled more than $34 billion in the first quarter of 2014, an increase of 77% from the same period a year earlier, according to Renaissance Capital
Corporate credit-rating upgrades in the first quarter of 2014 outnumbered downgrades in Europe, the Middle East and Africa for the first time since 2008, according to Moody’s Investors Service. The rating agency says positive credit trends in the EMEA region are likely to continue through 2014, despite potential negative events in Russia and Ukraine.
Inflation in the eurozone slipped to 0.5% at an annual rate in March, its lowest level since 2009. The persistence of low inflation prompted policymakers to discuss quantitative easing (QE) and a negative deposit rate, putting some downward pressure on the euro.
In the summer of 2012, when the eurozone crisis was breaking bad and Spanish banks were heavily hit by the burst of a real estate bubble, Europe set up a mega-loan to the Spanish government to help out its most-in-need financial institutions.
CORPORATE FINANCING NEWS By Gordon Platt The European Central Bank’s refusal to ease monetary policy in the face of below-target inflation boosted the euro to its highest levels of the year in March, while the British pound rose to a ...
CORPORATE FINANCING NEWS By Gordon Platt US companies announced $336 billion of mergers and acquisitions in the first two months of 2014, up 31% from the same period a year earlier, and the strongest January and February combined for any ...
CORPORATE FINANCING NEWS By Gordon Platt Healthcare companies accounted for more than half of all initial public offerings filed in the US in the first two months of 2014, in a boom fueled by biotech companies, according to analysts at ...
MARKET FOCUS: MIDDLE EAST INVESTMENT BANKING By Gordon Platt The Middle East may present political challenges, but dealmakers anticipate that 2014 will be the year M&A flourishes in the region, particularly in the GCC countries, as well as Iraq and ...
CORPORATE FINANCING NEWS By Gordon Platt Neither the consequent volatility in emerging markets nor weak US employment data will deter the Federal Reserve from continuing to gradually reduce its purchases of bonds, analysts say. “Moderate job growth remains in place, ...
CORPORATE FINANCING NEWS By Gordon Platt China and Russia have returned to the global equity capital markets, following a lengthy absence. China led in the number of capital raisings using depositary receipts last year, with 14 of the 51 transactions ...