When companies choose to do the right thing—for whatever reasons—it’s good not just for their corporate souls but for their business, too. If it was a trend this time last year, it is a veritable frenzy this year.The growth in ...
Ten global banking giants have taken a bold step toward ensuring projects they finance around the world meet strict environmental and social criteria. The impact of this move could be dramatic. Early last month 10 of the world’s leading project ...
Global Finance selects the winners in a specialized area of finance—one that is often hidden to end-users of custody services. Sub-custodians form the bedrock of the custody business. They hold and process securities on behalf of other custodians and possess ...
Corporate finance executives in the US are eagerly tracking a piece of federal legislation that could save companies billions of dollars when funding their pension programs.The provision,part of a bill known as the Pension Preservation and Savings Expansion Act of ...
A Little Bit of Give and Take Brazil’s new leader continues to impress the international financial community with his steadfast commitment to economic reform and his skillful navigation of some difficult political terrain. The politically savvy administration of Brazil’s left-leaning ...
As equities set off on their stealth rally this spring, secondary stock offerings and convertibles were finding new friends among investors. Gobal equity capital markets may be in their worst state in decades, but bankers can still always find cause ...
Latin American Corporate Finance Teams Get Ready to Round Up Some Deals Corporate financing in Latin America is about to make a comeback, as deals that make strategic sense can’t be put off any longer, bankers say. Growing confidence in ...
“Argentine government officials want to ensure they are insulated from short-term speculative flows of capital” —José M. Barrionuevo, Barclays UNITED STATES HERE COME THE EUROPEANS It’s hard to believe that it was just three years ago that Nasdaq swaggered over ...
Global Finance selects the winners in a specialized area of finance—one that is often hidden to end-users of custody services. Sub-custodians form the bedrock of the custody business. They hold and process securities on behalf of other custodians and possess ...
“Argentine government officials want to ensure they are insulated from short-term speculative flows of capital” —José M. Barrionuevo, Barclays UNITED STATES HERE COME THE EUROPEANS It’s hard to believe that it was just three years ago that Nasdaq swaggered over ...
Latin American Corporate Finance Teams Get Ready to Round Up Some Deals Corporate financing in Latin America is about to make a comeback, as deals that make strategic sense can’t be put off any longer, bankers say. Growing confidence in ...
BULGARIA “Bulgaria never heard the words ‘odious debt’ when we were asked to repay.” —Milen Veltchev, Bulgaria’s Finance minister Bulgaria’s young finance minister Milen Veltchev spent much of June in New York and Washington trying to cash in on his ...
UNITED STATES June may be a good month for weddings and graduations, but this rainy June in the US Northeast was not a propitious period for executives charged with corporate wrongdoing. On June 10, Samuel Waksal, former ImClone Systems CEO, ...
UNITED STATES Sex, money and power have always been closely related, and on a recent morning in New York City the three came together in the heart of the financial world. While traders were taking a well-deserved break, the New ...
GERMANY The departure in June of CEO Jürgen Sengera from WestLB raised as many questions as it answered about the future operations of Germany’s fifth-largest bank and the country’s entire system of state-owned regional banks, or Landesbanken. What started as ...
THE AMERICAS Corporations with lessthan- perfect credit ratings are rushing to borrow in the US high-yield bond market to refinance outstanding issues at lower rates and to avoid using bank loans, analysts say. New-issuance volume soared to a monthly record ...
THE AMERICAS Oxford Metrica, a financial consulting firm, studied 767 depositary receipt programs over the past 23 years and found that such programs add an average of 10% to shareholder value in their first year of trading. Upgrading a Level ...
UNITED STATES If you’re an investment adviser, you’re probably very familiar with this common refrain from clients: “Gee, I’d like to invest, but I just don’t have the money right now.” Adrian Nazari, CEO of a fouryear- old Silicon Valley ...
EUROPE The two owner companies of the world’s largest container- shipping operator, Denmark-based Maersk Sealand, agreed to merge in a stock-swap transaction valued at $9.4 billion. D/S Svendborg and D/S 1912, both listed on the Copenhagen Stock Exchange, also are ...
THE AMERICAS The US administration’s assertion that its dollar policy remains unchanged did little to clarify exactly what that policy is, analysts say. President Bush’s comments in early June that the dollar was devalued inappropriately and that the administration’s policy ...