Two decades after Citigroup Inc.’s William Rhodes helped Latin American nations restructure their debts, investors are telling him a similar solution may fix the euro area’s borrowing crisis.
Wall Street’s five biggest banks reported the worst start to a year since 2008. They’re still asking investors to be patient.
Hedge funds using debt-trading strategies honed on Wall Street are expanding at a record pace as they profit from risks big banks are no longer taking.
Amid the raft of multi-billion- dollar mergers and acquisitions this year, a new player has entered negotiations: politicians.
Steven Kantor, then head of investment banking for Cantor Fitzgerald LP, gathered his staff about a year ago for a holiday party in his 82nd-floor apartment in Trump World Tower overlooking the United Nations.
Citigroup Inc.’s Mexico unit is headed for its worst year as a bond underwriter in more than a decade, crimping revenue at operations that already have suffered a $400 million loan-fraud loss.
Carsten Kengeter ’s appointment as head of investment banking at UBS AG , Switzerland’s largest lender, is one more sign that on Wall Street debt is king.
"They have to deliver something, so they come up with this."
- Roy Smith on Oct 07, 2014
Smith Says ‘Too Big to Fail’ Still Reigns