North America

As cities around the US see populations increase, so the smaller banks that serve low- to moderate-income urban families are being squeezed out. New York is no exception. Financial inclusion is at risk of becoming an urban myth.

With six months to go before money market reforms are imposed on all funds in Europe, treasurers hoping to earn a return on their cash are scoping out the best options available.

A soybean trade between two arms of Cargill using letters of credit from HSBC and ING shows the R3 Corda platform is finally set to scale up.

The only assets CFIUS will allow the Chinese to buy are the ones China doesn’t want and won’t allow. What next?

What to do when questions are being asked about the effectiveness of low-trigger CoCos? Issue higher trigger ones, of course.

The challenges of regulatory compliance and cyber protection are making financial institutions think more creatively. Machine learning and greater data sharing might be the future of digital banking security.

WeWork’s debut in the high-yield bond market was helped by investors effectively turning a blind eye to its costs of sales.

Gender pay gap disclosure has arrived in the banking industry, but a movement that aims to bring gender equality across the whole financial sector is just beginning. Euromoney speaks to some of the pioneers.

A senior currency trader fired from Royal Bank of Canada is taking the bank to task at an unfair dismissal hearing that includes accusations of sloppy trading, alleged bribery and an 'incoherent and inconsistent' global FX policy that he claims no one had bothered to read.

It needs to be about more than helping people to move money.

An unusual move by a US regulator threatens to widen a conflict over potential manipu-lation of Hovnanian default swaps by Blackstone’s credit arm GSO.

If the Securities and Exchange Commission (SEC) does decide to weigh in on the issue of whether or not Blackstone’s trading in Hovnanian debt and default swaps constitutes market manipulation, it will revive questions about SEC chairman Jay Clayton’s ties to Goldman Sachs.

The sell side has largely realized the potential of technology to minimize the impact of FX market fragmentation, although experts suggest it could do more to extract value from the data generated by electronic trading.

The prime brokerage market will be hoping for a boost from the imminent launch of BNY Mellon’s new service, which will represent a reversal of the trend for larger banks to leave the space.

The threatened imposition of US-China trade tariffs this week is the most obvious sign of increasing protectionism, resulting in a push towards regional trade, but with consumers prioritizing speedy delivery, the move to source locally has other drivers.

February’s volatility has shown that the markets may not always be there for the financing that corporates want to do and that the borrowers may not always be there for the financing that the markets want to do. Financing could be about to change – a lot

The plight of the unbanked in the US’s poorest regions is a modern-day scandal in the world’s richest nation. Southern Bancorp is one bank seeking to address the problem. Euromoney goes to the heart of the battle to beat financial exclusion in rural America.

It has been the busiest first quarter ever for M&A announcements. Deal makers are becoming exuberant amid strong growth synchronized across the developed markets. But rising protectionism in the biggest M&A market of all could yet turn a banner year into one to forget. Should investment bankers fear the new Trump effect?

After a much-needed spike in volatility during the first quarter, FICC bankers reacted with cautious fist-bumps rather than fist-pumps. They hope it will continue, but how quickly this will translate into better revenues and profitability remains to be seen.

Ride hailing app raises over $1bln directly; banks may test regulation with lower-rated credits.

The cat is out of the bag: the public is aware that if you want to stop something, you have to stop the financing. Right now in the US, that something is guns.

A sale of NEX will generate close to a billion dollars for brokerage founder Spencer. Will it also bring him closer to the aristocratic title he craves?

If Michael Spencer manages to sell NEX at a price that places a high value on its core FX and electronic bond dealing platform, he will have pulled off an impressive slow-motion brokerage trade.

Finance ministers and central bankers at the G20 have called for greater global coordination in their approach to cryptocurrencies, but that looks a remote prospect when different regulatory bodies in the same country cannot agree a strategy.

New sole president’s success in building non-traditional strengths put him ahead of rival Schwartz

As US rate rises become a reality, Latin American markets face another home truth: have they actually become a standalone asset class, or is a sell-off inevitable?

Comments at Las Vegas conference suggest banks ‘should have the right to do the leveraged lending that they want’.

Transaction automation and open banking can help banks to strengthen customer relationships, especially as fintechs are encroaching on their traditional services – but the sector has been slow to adapt.

We review the options...

When banks get around to reporting first-quarter 2018 results in April (the US banks) and May (the Europeans), it is already safe to say that their fixed income, currencies and commodities numbers will look particularly good.