Pressure builds on corporate loan pricing
Australian companies are sitting out of the debt markets for now but eventually they will have to refinance debt, and face banks nervous to protect net interest margins.
CFO | Olympic recruitment games ahead of London
Only a handful of Olympians have the profile of Geoff Huegill, who recently joined Commonwealth Bank, but lesser known elite athletes can also make for attractive recruits.
CFO | Oil startup hires first CFO
Start-up resource company Incremental Oil and gas has hired its first permanent finance chief following its first big purchase post listing in January last year.
RBS braces for culture shock
Integrating cultures is crucial for successful mergers, says an organisational psychologist, as CIMB Malaysia prepares to enter Australia after buying the Asia-Pacific arm of RBS.
Formula One chases $US3bn Singapore IPO
The Formula One Group is aiming to raise as much as $US3 billion through a Singapore stock market listing, and the company is set to present the deal today to fund managers and other big institutional investors.
CFO | ‘Value at Risk’ has a place if you know its limits
Value at risk models have a place, but there always needs to be a real world check on what is being fed into them, and they’re unlikely to tell you how big the big risks are going to be – which ultimately is what really matters.
M&A
| Pos | Name | Value ($m) | No | % share |
| 1 | Goldman Sachs | 7,412 | 11 | 17.6 |
| 2 | RBC Capital Markets | 5,858 | 7 | 13.9 |
| 3 | Citi | 5,356 | 3 | 12.7 |
ECM
| Pos | Name | Value ($m) | No | % share |
| 1 | UBS | 1,154 | 7 | 19.5 |
| 2 | Morgan Stanley | 832 | 4 | 14.0 |
| 3 | Citi | 670 | 5 | 11.3 |
DCM
| Pos | Name | Value ($m) | No | % share |
| 1 | ANZ | 12,487 | 42 | 20.4 |
| 2 | Westpac | 11,371 | 30 | 18.6 |
| 3 | Commonwealth Bank of Australia | 7,615 | 22 | 12.5 |
Syndicated Loans
| Pos | Name | Value ($m) | No | % share |
| 1 | ANZ | 4,020 | 30 | 18.9 |
| 2 | Westpac | 3,870 | 27 | 18.2 |
| 3 | National Australia Bank | 3,838 | 25 | 18.1 |
Latest ASX takeover announcements
PMP confirms takeover talks with TMA
Printing and distribution company PMP has confirmed it is in discussions with ticketing and labelling group TMA regarding a takeover offer.
Heritage retail bond highlights ratings absurdity
Updated | Heritage Bank has launched a $125 million offer of retail bonds which highlights the absurdity of credit rating agency regulation where retail investors aren’t privy to all information.
JPMorgan suspends $US15bn stock buyback
Updated | JPMorgan Chase boss Jamie Dimon is suspending plans to buy back the embattled company’s own stock, but it will still pay a dividend despite its $US2 billion trading loss.
Barclays to sell entire stake in BlackRock
Updated | Barclays plans to sell its $US6.1 billion stake in the investment management firm BlackRock, moving before a new banking regulation framework takes effect.
Price of legal certainty in Centro case is $200m
The record $200 million deal between Centro, PwC and its shareholders was struck this week because the class action laws are so uncertain.
Water everywhere but not a drop before time
Fifteen senior deal makers gathered in Sydney to initial the final documents on a $2.3 billion deal to privatise the city’s desalination plant. They took care not to be seen – for good reason.
