
There was a time at the height of the credit crunch when everyone was convinced that the days of the multi billion pound merger were over. However, while the non-availability of cheap lending from banks means that it remains difficult, if not impossible, for large private equity groups to lead huge mergers, this has simply cleared the field for the large multinationals to pluck the low hanging fruit.

Inevitably the constant focus in the world’s media on the G20 group of countries puts the world’s richest and most powerful nations so much in the spotlight that the rest of the world is kind of blanked out, as if what poorer countries do economically does not really matter. A salutary antidote to this view was provided by World Bank managing director Ngozi N. Okonjo-Iweala in a speech at the World Bank-Korea Conference...

On Thursday May 6th the Dow had its biggest ever intraday fall and for 90 seconds the stock market went completely bananas. According to MSNBC, reporting on a blog from the Washington Post, some well known stocks were briefly worth zero, nada, nothing, during that 90 second period of mayhem, while auctioneers Sotherby’s enjoyed a brief stellar moment where their share price translated into market cap would have given them a $6 trillion value…

The torrent of speculation surrounding the SEC’s chances of succeeding with its attempts to nail the “giant vampire squid” (a.k.a. Goldman Sachs) over alleged fraudulence in its Abacus 2007-ac1 collateralized debt obligation seems to have obscured the true import of what happened last Friday. For Goldman Sachs, traditionally the most successful and powerful investment bank on Wall Street, to be charged with fraud by the leading regulator in its…

It will be a long time before bankers are forgiven for the excesses that triggered the credit crunch and the global recession so, inevitably, each time the media gets a chance to loudly go on about bankers’ bonuses, they do. The furor over Barclays Bank’s announcement of its bonus strategy almost eclipsed the fact that the bank’s record results were absolutely outstanding. I had a lengthy interview several months ago with Anders Bouvin, general manager for Handelsbanken’s…

There is generally a problem with any idea that mobilizes a pre-existing pool of public emotion against a particular class of persons. The Tobin tax, as mooted by some senior politicians, aims to levy a small tax on all “unnecessary” and “speculative” short-term financial transactions. The losers, in this scenario, are presumed to be fat cat bankers who are thought to be making far too much money anyway, and the winners are the beneficiaries of any Tobin tax raised, who are always extremely worthy…

The US Securities and Exchange Commission has been exercising itself in recent months over the topic of “dark pools.” What are dark pools? Let’s take a step back for an instant and approach the definition by way of a brief consideration of the practical reason why dark pools (which have been around, in one form or another, for as long as markets themselves) came into existence. When an institutional investor decides…
QFINANCE Editor
Ian Fraser
John Grange
Anthony Harrington