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Bankers see robust M&A recovery in 2013A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally in stocks and bonds helps compensate for a prolonged euro-zone recession. More… |
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Abu Dhabi's spending curbs leave investors nervousAbu Dhabi's review of state-linked firms, which has involved the government tightening its purse strings and holding off key projects, is leaving investors and stakeholders guessing on how future business deals will unfold in the wealthy emi More… |
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UBS to slash 10,000 jobs in fixed income retreatUBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. Zuri More… |
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Gadgets add complexity to brutal bank layoffsIn the high-tech, gadget-addicted world of investment banking, layoffs are becoming more complex and brutal as firms try to stop sensitive data leaving with employees, said a report. Sackings are usually swift, with bankers escort More… |
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Qatar lures global bankers with pay, securityQatar is luring high-profile bankers away from foreign firms by offering better pay and prospects, as the cash-rich country builds the talent needed to expand its financial footprint across the region. More… |
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Goldman, Morgan lose top Qatar bankers to local firmsMorgan Stanley and Goldman Sachs Group have lost their two top Qatar executives to local firms, three sources said on Monday, as the gas-rich Gulf state lures back high-profile citizens with better pay and prospects. The recruitme More… |
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RIM hires bankers for review, forecasts Q1 lossResearch In Motion (RIM) has hired bankers for a far-reaching strategic review and to look for partnerships as the BlackBerry-maker warned it would likely report a shock fiscal first-quarter operating loss. R More… |
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Ipic looks to refinance $850 million loanAbu Dhabi-based International Petroleum Investment Co (Ipic) has approached banks to refinance its $850 million syndicated loan from 2009, and the new deal is expected to establish a much-needed pricing benchmark for the region, bankers said. More… |
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Bahrain plans Nov sukuk roadshowBahrain will attempt to tap international investors during roadshows later this month for a benchmark-sized, dollar-denominated Islamic bond. Investor meetings will start after next week's Eid Al-Adha holiday, taking place simultaneously i More… |
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Bankers embrace 'suitcase model' for DubaiDubai, the Gulf financial hub, has witnessed an exodus of top talent as big international investment banks return to their pre-boom business model of flying in top advisers from London or Paris only when they are needed, says a report. Wit More… |
