A revival of fortunes
Banks: Amid plans for big awards based on resurgent earnings, executives are holding out against charges of defying plans to end the bonus culture many blamed for the credit crisis
Investment banking
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Banks face increase in funding costs
Banks around the world face increases in funding costs that could cut profits and hit their customers as they look to refinance $7,000bn-plus in short-term debt expiring in the next three years with longer-dated bonds, according to research by Moody’s
Investment banks breathe again
Winners and losers are emerging in Middle East
Goldman holds stake in China group battling M Stanley
Case highlights China’s derivatives disputes
Future of Lazard remains uncertain
Speculation swirls over Wasserstein successor
Group aims to cut cost of equity underwriting
Influential investors team up on scheme
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Comment
To avoid crises, we need more transparency
The importance of fair value accounting to responsible systemic risk management is hard to overstate, writes Lloyd Blankfein, chief executive of Goldman Sachs
Costly cogs, misfiring machine
A business at bay: More than two years since the credit crisis set in, investment managers face growing demands to justify what they buy for clients, the myriad fees they levy – and whether their vast industry serves anyone’s interest but its own
Everyday banking with no bill to the taxpayer
Deposits need to be backed by safe assets otherwise the mismatch of risk provides an unjustifiable public subsidy, writes John Kay
Lehman woe proved timely for BarCap
If there is one distinct winner to have emerged from the wreckage of the Lehman collapse and the financial turmoil that ensued, it is the investment banking arm of the UK bank
Jury out on Nomura’s ‘organised chaos’
A year after acquiring most of Lehman Brothers’ businesses in Europe, Asia and the Middle East when the Wall Street institution collapsed, Nomura’s biggest challenge lies in playing down those Asian roots
Hedge funds show the way on bonuses
Investment banks should prove to shareholders that the trading business can punch its weight by raising at least some of the capital direct from outside investors – who can help keep bonuses in line, writes Paul Marshall
Big-name players blaze trail for small boutiques
Some Wall Street traders and analysts are reprioritising, joining investment bankers in the flight from large institutions to smaller firms
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