Why IPOs ‘pop’ in New York but not HK

Hong Kong city skyline
©Dan Breckwoldt/Dreamstime

Flotation battle highlights the very different characteristics of the two markets

BTG Pactual shares hit after CEO resigns

Chief André Esteves steps down while under preventive arrest

Martin Gilbert of Aberdeen Asset Management.
©Charlie Bibby/FT

Martin Gilbert’s Viennese whirl

A spiralling down of the oil price means outflows from Aberdeen

RBC loses Delaware Supreme Court M&A case

Decision likely to have far-reaching consequences for dealmakers

Aberdeen Asset Management Cowes Week.
©Alan Crowhurst/Getty Images

Aberdeen’s effort to diversify falls short

UK investment group is still reliant on emerging market equities

Baby bottle and picture on desk

Credit Suisse boosts US parental leave

Bank wants to attract and retain staff in a world of long hours

BTG Pactual: run for its money

Crises in confidence and a reliance on short-term funding do not play well together

Greek banks hit by bitcoin ransom demand

Hackers ask for €7m in digital currency to stop website attacks

A trader looks at his screen as he works on the floor of the New York Stock Exchange shortly after the opening bell, in the Manhattan borough of New York January 24, 2014
©Reuters/Lucas Jackson

BATS gearing up for second try at IPO

US-based exchange could be worth $2bn including debt

Surge in securities lending poses risks

Banks use ultra-safe bonds as compliance shortcut

P2P lenders: question of trust

Challengers to the UK’s established banks have been well received — by government and markets

US tries to boost access to 25m ‘unbanked’

Americans lag behind others in OECD in access to financial services

Standard Bank to pay $25m in bribery case

SFO uses deferred prosecution agreement for first time

Banks likely to pass BoE stress tests

Tougher hurdles expected to prove sector can withstand new crisis

Vonovia shareholders to fund takeover bid

Investors agree to capital raise to combine German property groups

Macri’s agenda for Argentina

Victory is positive for markets but big challenges lie ahead

Sovereign wealth pullback hits Aberdeen

Europe’s third-largest listed investment company continues to battle turmoil in emerging markets

Japan’s GPIF loses $64bn in third quarter

World’s biggest pension suffers 5.6% hit amid volatile markets

Funding Circle launches P2P trust

Fund invests in small business loans in UK, US and Europe

Forum aims to help address EM disasters

World Bank, UN, government agencies and insurers to form IDF

Deutsche Bank created tax avoidance plans

PPI trades pitched to corporate clients

Deutsche Börse to encourage hidden trades

Exchange to promote ‘dark pool’-style dealing ahead of Mifid II overhaul

Private equity drawn to hedge funds

Credit Suisse and Goldman Sachs are the latest to look for stakes

Markets dairy

Week features an ECB meeting, Opec gathering and US jobs report

Cryan is right, pay has to fall further

Average compensation at large banks is devouring more of the pot

Intesa Sanpaolo to open London office

Italian lender to target wealthy diaspora residing in capital

Noble liquidity squeeze in the spotlight

Trader strives to preserve its investment grade rating

ECB ponders economic stimulus options

Policymakers debate increased QE programme and rate cut ahead of Thursday meeting

Dreyfus family asks to be bought out

Commodity trading dynasty seeks deal with heiress

Never bite the hand that feeds you

Fund houses refuse to criticise consultants, finds Chris Newlands

US companies not disclosing climate risk

Boeing, GE and P&G among 20 largest groups failing to disclose risks of climate change

Scare stories about bond market liquidity

Don’t bank on a central bank bailout, warns Steve Johnson

UK railway pension culls hedge funds

Railpen also plans to pull most of the $3bn it has invested in private equity funds

Swiss pension funds push into mortgages

Schemes try to counter strong franc and negative bond yields

‘Generation Rent’ raps London landlords

Over half say they are dissatisfied with buy-to-let owners

Week in Review, November 28

Barclays, Amazon, VW and Rolls-Royce featured

Europeans should party like it is 1788

Quantitative easing casts a long shadow, says John Dizard

Hands finds little relief for care homes

Terra Firma chief does not consider a major restructuring necessary over the next two years

Oddo joins fight for BHF Kleinwort Benson

French private bank takes on China’s Fosun with €760m bid

Wealth managers divided on robo advice

Opportunity to engage the Millennial generation


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