Businesses in the UK struggling under Covid-related debts are sitting on assets worth £1 trillion.

A year on from being named financial adviser to Covax, a global alliance set up to deliver two billion pandemic vaccine doses to low-income countries, Citi bankers tell Euromoney about lessons learned, what has been achieved – and if Covax is a success or not.

Andrew Cohen, executive chairman of JPMorgan Private Bank, talks to Euromoney about the war for talent, why diversity and inclusion have never mattered more, and what markets the private bank has in its sights.

This year’s cash management survey sees banks looking beyond purely pandemic-related challenges to focus on sustainable finance and investment in technology.

Hong Kong’s harsh quarantine rules could stay for another year – and possibly longer. So could China’s. Bankers aren’t happy, but they’ve learned to adapt.

A new poll by the data-room technology provider finds that worries over the potential for post-deal value destruction because of climate change have added to a risk environment already heightened by the coronavirus pandemic.

Speakers at the IIF’s annual meetings play down worries over inflation, even as they recognise the short-term disruptions of the pandemic.

Credit Suisse’s chief sustainability officer is no ESG ideologue. She is at heart a hard-nosed investment banker who sees a once-in-a-lifetime opportunity to guide clients to a more sustainable future.

Taking advantage of what could be a brief travel window, Euromoney recently ventured forth to road test the post-Covid business trip.

Relief on dividends is not enough to propel the sector back to greatness.

Appetite for emerging market risk is much lower in the wake of Covid-19 than it was after the global financial crisis. This is the result of a mix of technical and fundamental factors, but it is primarily driven by the spectre of the emerging markets’ Achilles heel: inflation.

Covid-19-fuelled supply chain disruption is helping to funnel global real estate demand to residential, life sciences and logistics.

The worst pandemic in a century, an event which has changed our whole way of life, appears to have dealt only a glancing blow to global banking. Good risk management certainly played a role; but, crucially, government support bailed out customers before they impacted bank balance sheets. Is there bad news to come when those policies go back to normal?

Deutsche Bank’s restructuring has not been thrown off course by the pandemic, but upside surprises can hide risks. Discipline will be needed to avoid the temptations of the past.

Social media celebrities and financial markets might seem like strange bedfellows, but there is nothing phony about the growth of retail FX trading.

How much right does a bank have to instruct your behaviour when working from home? At Nomura in Japan, plenty, it seems – though the bank has only concern for your health at heart.

As FX traders ponder how the recent increase in coronavirus cases might affect the global economy, it appears they are spending even more time trying to second guess central bank thinking.

With investors already struggling to generate positive yields on most money market funds, managers are concerned that proposed legislative changes could render some funds unviable.

The big six US banks are releasing the loan loss reserves they built up in the pandemic. Where might this end? The answer could be surprising.

As Covid cases surge, the widespread hope that economic growth will contain defaults and banks will emerge unscathed looks optimistic.

Despite concerns over recent regulatory changes, synthetic risk transfers remain a key driver for business lending in markets where private investment is underdeveloped.

Temasek’s unusual positioning among sovereign wealth vehicles allowed it to get full exposure to the equity upswing. The results also tell us interesting things about developed versus emerging markets, deal making in a travel-free pandemic and making the best of a crisis.

That distant sound is the warning bell as bond investors’ desperate search for yield leads them down ever-risker paths.

The French lender’s wealth management university, introduced in 2017, is central to its ability to train private bankers to reach out and serve the high-net-worth clients the bank cannot afford to lose.

This year’s FX survey reflects huge disruption and transition across the industry. Pandemic-driven technological advances saw traders tackle a surge in business while working remotely – supercharging change that will permanently alter the way the industry operates.

Banks received a mostly clean bill of health from the Federal Reserve’s latest stress tests. After a catastrophe like Covid, does that mean the sector is now safe?

We are at the peak of the hype cycle for central bank digital currencies, now being touted as one of the most fundamental innovations in the history of central banking. It is time for central banks and governments to be honest with unenthused populations. CBDC can’t deliver all the many promised improvements. As we come to design choices, there will be trade-offs. We might get improved payments but less credit. We could see greater financial inclusion but will lose privacy. Are the few benefits really worth the risk of disrupting the financial system?

Uche Orji is approaching 10 years as head of the Nigeria Sovereign Investment Authority, a sophisticated institution segregated into three very different funds. Covid spurred a year of outstanding market returns, but now Orji’s focus is on domestic infrastructure before he steps down next year.

Non-resident Indians are a powerful force in wealth management from New York to Singapore. But as the pandemic devastates the subcontinent, this vast diaspora is reassessing its priorities.

Years of tough but successful IMF-led reforms have put Egypt in a great place to rebound strongly from Covid. Its future will be shaped by big infrastructure projects and by a plan to transform the nation into a powerhouse of green finance.