LONDON (IFR) - VTB's acquisition of a rival Russian lender is facing an uncertain future after a group of bondholders asked a London court to freeze the assets of brothers Dmitry and Alexei Ananyev, the oligarchs who are selling their majority stake in Vozrozhdenie Bank to VTB.
LONDON, Feb 6 (IFR) - Jean Pierre Mustier wanted out. The
Frenchman had been recruited three years earlier by UniCredit
chief executive Federico Ghizzoni to help him drive through an
ambitious turnround plan for Italy's biggest bank. But, by
mid-2014 differences had begun to surface between the two men
about the direction the firm was headed.
LONDON, Oct 18 (IFR) - Lukoil is considering launching its
first international bond sale in more than three years in the
coming weeks, according to people close to the company, with
the Russian oil producer keen to tap into rising demand for
LONDON, Oct 17 (IFR) - Coming up in capital markets this
LONDON, Oct 10 (IFR) - Coming up this week in global capital
LONDON, July 8 (IFR) - Former president of the European
Commission Jose Manuel Barroso has joined Goldman Sachs as a
non-executive chairman in its international business and adviser
to the wider group.
(IFR) - Emerging markets are fast losing their shine for the world’s biggest investment banks. Faced with falling fees from fewer deals – and bleak prospects ahead – many have put the brakes on a decade-long expansion, with some cutting jobs and shutting offices.
March 18 (IFR) - Markets were panicking about Glencore on
the morning of January 14. A rout in metals, agricultural and
energy prices had hit the commodity trading company hard, making
it a target for short-sellers who were betting on its collapse.
Glencore shares started trading that morning at 70.83p, their
lowest open ever and down almost 90% from its IPO less than five
years earlier. Its bonds with just a year to maturity were
yielding over 10%, an unmistakeable sign of stress, while the
cost of five-year default protection was quoted above 1,000bp
for the first time since October 2008.
TOKYO, Feb 29 (IFR) - Japan's banks are slowly shaking off
the conservative habits that have defined the country's
financial system for three decades, and are rapidly selling down
their giant holdings of Japanese government bonds as they seek
to increase risk-taking at home and overseas.
LONDON, Feb 22 (IFR) - Deutsche Bank is to cut around 75
jobs within its global markets division in London and New York,
according to one person with knowledge of the information.