Author Archives: Darren Marchal

The rising sun

Japan’s big banks, unburdened by heavy subprime losses, and stuck with sputtering growth at home, are once again investing and lending abroad, but investors should not expect a string of blockbuster buyouts. Only a few years removed from a bad-loan crisis that pushed many lenders to the brink of collapse and sparked widespread industry consolidation,…

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A long a painful journey

Just how bad is the global economic outlook? The lack of a consensus answer to that question is telling. Normally, the financial institutions that steer the world economy show a degree of agreement. But these are uncertain times. The International Monetary Fund said recently that the credit crunch had cost financial firms a stunning $945bn;…

A Saxo Bank WLP approach

As banks and financial institutions wake up to the growing potential of the online trading market, they continue to look for the technological solutions for gaining reliable, fast access to the sector. However, developing a workable, tried and tested platform for online trading is neither a cheap, straightforward nor timely exercise – and it was…

Specialising in economic analysis

It isn’t just corporate bombast. It’s a reality many US businesses have already witnessed. For many corporates, transfer pricing is the most important issue any large global business has to face up to during the next five years. Tax authorities – including Her Majesty’s Revenue & Customers (HMRC) – are getting tough with any company…

Hungary: a magnet for FDI

As a result of EU accession on May 1, 2004, investors in Hungary find themselves in a single market of 493 million consumers with enormous potential for developing new markets and new horizons. At the geographical centre of the region Hungary is destined to become a bridge between present EU members and those countries on…

PLUS prepared for bear

Is it or isn’t it a bear market? Perhaps that’s not the question, but rather whether a young, new stock exchange in London like PLUS Markets Group can survive the volatility that’s been seen in the stock markets in the past few months. Ask these questions to PLUS’s director of business development Nemone Wynn-Evans, however,…

Custodians juggle challenges of risk and reward

Custodians have a love/hate relationship with risk. On the one hand, they are wary of using their balance sheets for client financing, a reluctance that has helped investment banks make headway in the administration business. At the same time, custodians are interested in administering highly complex investment portfolios and products, many of which carry a…

Forex, the new futures?

1995 represented a major turning point in the financial markets. The futures markets ruled supreme with the tail wagging the dog in the underlying cash markets. Few saw the significance of 1995 though, as it marked the introduction of Windows 95 and Internet Explorer. However, the real change came in 2000 when DSL lines became…

Banks’ losses fail to dampen bonus season goodwill

If large banks had suffered losses, it seemed logical that their highly-paid employees would share the pain. The reality is likely to be more complicated. Though several institutions have not yet reported their results, it increasingly looks as if the bonus pot shared between employees of the world’s largest investment banks will be larger than…