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August 2014

Strategy Fundamentals point to a weaker euro

This has been a bleak month for the euro zone. A string of weak data releases, including flat region-wide GDP growth, and a contraction in Germany and Italy (the latter for the second quarter in a row, indicating recession), suggests the recovery not been (...)

August 2014

Opinion Bumpy ride for emerging currencies over summer

Emerging currencies were under pressure this summer. Save for the Indonesian rupiah, Thai baht, Malaysian ringgit and Chinese yuan, emerging currencies has corrected against the US dollar since 30 June. It is mainly the CEEMEA currencies and, to a lesser extent, Latin (...)

August 2014

News African Bank Contagion Limited for Large SA Banks

The recent failure and bail-in of African Bank Limited is isolated and any contagion to the large South African banks is likely to be limited, Fitch Ratings says. It does not change our view of the credit profiles of the largest five banks, so there are no rating (...)

August 2014

News Nomura issues 30 Year USD Callable Zero Coupon International Bonds in Taiwan

Nomura Bank International plc (the “Issuer”) today announced that it has issued US$325 million in principal amount of 30 Year USD Callable Zero Coupon Notes due 2044 (the “Notes”). The Notes were issued out of the Issuer’s Note, Warrant and Certificate Programme and are (...)

August 2014

People Moves Nadine Faruque to join Deutsche Bank as Global Head of Compliance

Deutsche Bank announced that Nadine Faruque, 53, will join as Global Head of Compliance on December 1. In this role, she will be responsible for the Bank’s Compliance department...

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