"Once you get a contract, unless you screw it up, you get the renewal"
One senior banker gives a good reason why the world’s biggest firms are focusing on cash management repeat business (see After the crash, here comes CASH: Why the world’s biggest banks want more from cash management, Euromoney, October 2007)
"In these markets we couldn’t do anything but the very basic, because of [the lack of] liquidity"
Thomas Bretzger of UniCredit explains the trials and tribulations of the bank credit portfolio manager after the sub-prime crash (see Calm at the eye of the storm?, Euromoney, October 2007)
"We asked members if they wanted us to provide guaranteed settlement – they said they didn’t"
Rob Close, CEO of CLS Bank, tries to put an end to a perennial debate in the foreign exchange industry (see CLS: Good, but still room for improvement, Euromoney, October 2007)
"We don’t want to grow for the sake of growing. We’re choosy about the assets we acquire. If other people are acquiring assets that – in our view – won’t generate an acceptable return for the risk, they’re welcome to it"
Jeff Pritchard, director of risk and compliance at Norwich & Peterborough Building Society, the first European financial institution to gain IRB approval under Basle II. Other UK mortgage lenders may take note...(see N&P: Country folk lead Europe to IRB status, Euromoney, October 2007)