French, let alone Italian, banks should not gloat. Germany’s banking problem is theirs too, and neither domestic mergers nor French-led acquisitions will solve it.

The announcement on Thursday that Shemara Wikramanayake will replace Nicholas Moore as CEO of Macquarie Group in November is significant for two reasons.

A strong quarter for UBS contained a few of the usual curiosities in the investment bank.

The case for smaller deals is clear, but pressure is building higher up the food chain as well.

A listing of a state-owned infrastructure asset owner in Hong Kong sounds old school, but its key investors tell another story.

Inclusion in the emerging market index is recognition of the country’s reforms and could bring $50 billion of foreign investment.

Some banks are doing more than others in building local capital markets in frontier countries.

It may have taken Trump, Brexit and the threat of a global trade war, but the markets in Europe are finally waking up to what the end of QE will look like.

Rather than super-CEOs and messianic technology, European banks might find salvation simply in small-business lending by empowered staff. As some of the best-performing banks recognize, keeping to the basics offers good long-term returns.

A proposed tie-up between UniCredit and Société Générale would be a real game changer in the region: complementary and challenging.

Equity capital markets moves at Citi and BAML say more about the two firms than they do about ECM.

The bulge-bracket firms are back in Latin America – and their resolve will surely be tested over the next 12 months.

One big deal might kick off a new round of mergers, but the risk of over-paying remains.

Ten years on from a financial crisis often portrayed as caused by the greed of bankers, we are talking recycled carpets and alleviating poverty. It is a genuinely good thing.

It is 10 years since Rajeev Misra left his position as head of credit and commodities at Deutsche Bank in a move that came a couple of months ahead of the failure of Lehman Brothers and a global financial crisis.

Deutsche Bank’s failure of the recent Federal Reserve stress tests drew attention, but while the regulator was happy to kick the battered European bank while it is down, this was in stark contrast to its treatment of favoured home-town players Goldman Sachs and Morgan Stanley.

Six banks caught up in scandal with another likely to follow.

A strengthening dollar is going to make life harder for emerging markets, whether you want to hear it or not.

For the moment, Africa looks to be a step too far.

To expect impact investment to be of greater size now than it is would be to miss the point of it altogether.

Goldman Sachs delivered strong first-quarter trading results that were followed by a reorganization of the management of its securities division.

The coming move towards a Volcker Rule 2.0 that relaxes monitoring of proprietary risk taking by bank dealing desks has been portrayed as a result of president Donald Trump’s administration finally placing its preferred officials in key regulatory positions.

Despite the latest attempts to stymie them, Eurosceptic populists remain the most powerful political force in Italy – largely thanks to anger at a banking crisis, often fanned by the ECB. Now their approach to power is killing the last chance of fixing the banking union, and possibly the euro.

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.

Expectations of further M&A following CYBG’s approach to Virgin Money might be wildly optimistic.

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

Asset management is the hottest sub-sector in FIG investment banking in Europe. Even banks with successful in-house asset managers are thinking hard how to adapt, and must act fast.

Why aren’t firms putting their money where Xi Jinping’s mouth is?

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.