Central governments have been passing the debt buck to their regions and municipalities for decades. There could be trouble in store.

Two weeks after the Popular rescue was hailed as a triumph of Europe’s post-crisis resolution regulations, the collapse of two Italian lenders is set to cost the taxpayer €17 billion

Efficient and well-capitalized, Scandinavian and Dutch banks are the darlings of Europe’s investor community. But if pride is the worst sin in banking, they could be heading for a fall.

UK councils are investing in commercial real estate in an attempt to plug their budget gaps, driven by cheap borrowing from central government. It could spell trouble for the sector.

HSBC’s Sino-foreign joint venture has been approved at last, almost two years after the project was announced. It is the first such venture to have foreign control but what exactly has HSBC won?

Dana Gas, an Emirati gas company, is using Shariah non-compliance as an argument in its sukuk restructuring talks. That remarkable move, if successful, could undermine the whole system of trust built around Islamic finance in the Middle East.

There will be a time when Chinese A-shares play a huge role in global emerging market (EM) portfolios, but Wednesday’s news does not mark that moment.

Both AT1 and tier-2 investors lost everything when Banco Santander rescued Banco Popular, while senior bondholders were untouched. The rescue has shown that when banks in Europe get into trouble it is liquidity, not capital, that matters and that the fate of subordinated bondholders is anything but predictable.

A survey released by index provider Coalition on May 24 revealed the grim state of FX business lines.

Tim Throsby needs to strike a balance between upheaval and stability.

What gated communities can teach us about gaming the system.

Private equity funds specializing in distressed debt will strike a hard bargain before acquiring and recapitalizing troubled banks, but European state-aid rules make the alternative even less appealing.

Following news that Barclays chief executive Jes Staley and Bank of England governor Mark Carney were fooled by spoof emails purporting to come from their chairmen, Euromoney’s Jon Macaskill has uncovered more misleading messages from the top.

The central bank’s plan to encourage lenders to make consumer-friendly home loans doesn’t appear to be an attack on their profits. Yet.

After months of uncertainty, the Lebanese government has finally approved Riad Salamé’s renewal at the head of the country’s central bank. It was right to reappoint him; now he should be left to work unfettered by political interests.

One of the world’s most ambitious and laborious deals approaches its conclusion and will not be repeated in a hurry.

Many voters now equate environmental protection with job losses, but investing in sustainability can boost employment.

Goldman Sachs badly underperformed other US banks in first-quarter fixed income results, setting off a frenzy of speculation about trading positions that could have led to the disappointment.

The news that former president Barack Obama has agreed to speak at a Cantor Fitzgerald healthcare conference for a fee of $400,000 raises two important questions.

Developed markets have much to learn from the spread of digital financial services among the poorest in the emerging world.

The central bank found a way to enforce the rule just before lawmakers attempt to dismantle it.

The fortunes of the Spanish banks show how the recovery story investors have latched onto recently may be just as simplistic as the doom scenario they imagined only a few months ago.

It turns out that part of the reason Indonesia reacted so badly to the JPMorgan equities call was because it was downgraded more than Brazil.

Ant Financial really wants MoneyGram, and has increased its bid by 36% – it’s a whole new style for the company, but getting it over the line will need more than money: it will mean convincing CFIUS… and Trump.

The BBC is broadcasting on Monday an episode of Panorama that will present new material relating to the Barclays Libor affair: here is a guide to some of the related evidence from the UK Treasury Select Committee inquiry in 2012.

Another election cycle, another chance for a bit of bank-bashing. This time the venue is the Czech Republic, where prime minister Bohuslav Sobotka is trying to drum up support for his Social Democrat Party (SDP) before parliamentary elections in October by promising to tax the country’s banks.

To keep the spirit of impact investing, it is worth opening up the terminology to be more inclusive of a myriad of strategies.

The Chinese brokerage’s fixed-price IPO in Hong Kong is being hailed as a step forward for a mainland-distorted market. But is it?

Goldman Sachs CEO Lloyd Blankfein seems to be on a comfortable glide path towards maximizing the value of the performance stock units that will provide most of his future compensation.

Changes to US banking regulation will focus on specific targets rather than wholesale legislative reform.