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LATEST ARTICLES
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Could trading of US sovereign credit default swaps trigger a global systemic meltdown? Probably not, but default swap shenanigans aren’t helping to calm jittery markets.
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The bank has started the process of choosing a successor to CEO James Gorman just as it tries to settle an investigation into its equity block trading practices. This could pose a challenge for Ted Pick.
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If the UK is to become an international crypto hub, it must focus on bringing regulatory certainty to the industry and the banks that back it.
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The evolution of Brazil’s central bank payments programme could be good news for banks.
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JPMorgan’s AI model to interpret central bank messaging came out just as it emerged that Jerome Powell had been pranked into discussing policy with Russian provocateurs. Euromoney’s distinctly obvious heuristics model (D’Oh!) might be needed.
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Relative winners after a year of interest rate hikes include Bank of America and Citigroup. Losers are led by regional US banks, while alternative asset managers argue that higher rates present a historic opportunity.
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How on earth, in this environment, did the bank deliver one of its best-ever quarters in Asia?
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Tech-related bank deals can still get away, but investors call the shots now.
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The chair of Ping An Asset Management has called again for the break-up of HSBC and spin off of its Asia assets. His argument is a strong and valid one; his problem is that none of the bank’s other main shareholders seems to care.
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Australian banks adore residential mortgages. But they are ignoring a cohort of people who are going to run into a lot of trouble with repayments.
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Rethinking liquidity regulation would be better than a regulatory backlash that imposes an even greater liquidity burden on banks. History offers some lessons on how that might be done.
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The two bank’s investment banking franchises look enticingly well-matched. But how much business and how many bankers will still be around after the merger?
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The last broker-dealer was always going to feel the pain of a continuing capital markets slowdown, but sales and trading has provided a useful fillip.
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Commercial real-estate losses will not greatly damage big banks in Europe, but the banks themselves could inflict real damage to commercial real estate.
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What will UBS’s post-merger sustainable finance strategy look like?
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Recent events call into question most of the core assumptions behind the rules designed to keep banks safe through a liquidity squeeze.
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Will the fall of Credit Suisse be a seismic moment for private banking? Probably not – the reality is that wealthy clients need their financial advisers too much. Wealth is flighty for sure, but it usually alights nearby at a more stable lender.
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UBS shareholders might find plenty not to like in what seems at first glance like a great deal. The bank is making itself more complex at a time when creditors and investors put a premium on simplicity and focus.
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Michael Klein can’t be expected to ‘devote significant time and attention’ to the unlikely prospect that UBS will allow a CS First Boston spin-off without being paid. Greensill-style invoices for Klein’s theoretical future services could be the answer.
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Interest rate risk management has been complicated by the fall in yields after the US bailout of SVB’s depositors. Clients may feel that hedging chiefly benefits Wall Street dealers rather than themselves.
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Unfortunately, while the SNB can provide ample liquidity that Credit Suisse doesn’t really need, it cannot provide the trust and credibility it sorely lacks.
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It is not clear how the SVB collapse will change banking; but it is clear that the lack of supervision of smaller banks allowed systemic risk to spread worryingly fast.
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Inflation has returned to the country for the first time in 30 years. As it does so, there is a new face at the helm of the Bank of Japan. What does it mean for the megabanks?
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The collapsing share price of Silicon Valley Bank, triggered by the realization of a loss on a portfolio sale, puts pressure on other US banks that have built up similar books of investments.
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The COO of Deutsche Bank’s International Private Bank, Sandra Wirfs, tells Euromoney how it has been able not just to slash costs but also to make its wealth management business more cost-efficient than the core bank.
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The notion that different businesses can produce healthy results by being under the same roof underpins Goldman Sachs’ diversification strategy. After failing to make that work at the first time of asking, its second attempt looks more derivative – but is perhaps likelier to succeed.
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Goldman Sachs likes to mix it up when it comes to choosing peer banks for market share comparisons.
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Commodity trading could deliver further hefty profits for banks, led by Goldman Sachs, but there are multiple risks as well as opportunities for dealers.
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Restrictions on upstream oil and gas financing aren’t the silver bullet that the sector needs to achieve its climate goals.
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The whereabouts of investment banker Bao Fan are unknown just when China wants to attract foreign talent and capital, not deter it.