Selling its US bank to PNC fixes BBVA’s capital problem and allows it to consolidate in Spain. Arch-rival Santander’s similar troubles may be harder to solve.

There is broad agreement that the ECB will not cut rates further, but the coronavirus pandemic is seen as the key factor governing the outlook for the euro.

As the world cheered news of a potential Covid-19 vaccine in early November, important steps were being taken on equitable manufacture and distribution as well.

Corporates borrowed their way through the crisis of 2020. What might happen next? Seven months after the first lockdowns began in Europe and the US, is coronavirus now priced into debt markets?

One of the biggest capital markets stories this year has been the rise of social bonds.

BNY Mellon and GTreasury link real-time liquidity management and investment of cash but regulators are scrutinizing money market funds.

The payment industry’s ability to withstand the disruption caused by the coronavirus suggests that lessons learned from previous outbreaks have served the industry well.

Japanese conglomerates have woken up to the need to divest non-core assets; international private equity houses have plenty of dry powder with which to buy them. This happy alignment appears to have survived Covid-19, unlike other forms of cross-border M&A.

Remote working means that word of mouth is out and instant messenger is in.

Private banking is a business based on personal relationships and trust – and it’s hard to truly connect with someone on Zoom. So long as the pandemic persists, this presents a substantial challenge to wealth managers, who can only grow their businesses by bonding with wealthy clients and winning new mandates.

While the FX non-deliverable forward (NDF) market has demonstrated its resilience in the face of a spike in spreads during the early stages of coronavirus, there are concerns over its capacity to destabilize onshore markets in emerging economies.

The coronavirus crisis may have stretched the resources of corporate treasury teams, but it has also reinforced – and enhanced – their status within their own organizations.

As European bank consolidation finally gets under way, Euromoney looks at the financial firepower of the region’s top 20 players. Which banks are now best-placed to do the acquiring and which are at risk of being swallowed up? Mid-tier banks in southern Europe look especially vulnerable.

The disruption caused by coronavirus has accelerated the move towards automated accounts payable processes as corporates seek an accurate and real-time view of their cash position.

Solutions providers point to an upsurge in interest this year from regional banks looking to outsource some or all of their FX trading.

What can we learn from the China Investment Corporation’s latest numbers, which cover the year prior to Covid?

OCBC’s Virtual SME Campus has an expensive public face.

As Gulf banks grapple with squeezed margins, low interest rates and over-banking, Egypt offers the opposite: high interest rates, low lending penetration and a largely unbanked population. It is no surprise that domestic and regional buyers are now circling.

In stark contrast to previous periods of crisis, Brazil’s private-sector banks have been growing market share this year as the public banks have retrenched. This should translate to a busy deal pipeline as they look to refinance.

Transaction banking revenues have declined in the first six months of 2020, following three years of growth. Attributing this fall exclusively to coronavirus and low interest rates would be a mistake – there are other important factors at play.

A specialist calculation agent reckons now is an ideal time to break into a busy region for equity-linked deals.

Private banks are having a good pandemic, streaming Covid-themed webinars to high net-worth clients. Now they’re competing with each other to hire the biggest names in US politics to explain to wealthy investors what Trump or Biden will do.

The country is enjoying a record year in equity capital raising, built on rights issues by Reliance Industries and the country’s top banks. Behind the numbers, however, there are signs that the leaders will get stronger, while those behind may struggle.

For the wealthy among us, it has mostly been a good pandemic.

The Egyptian bank is to launch a digital bank as Covid-19 accelerates the government’s push for a cashless society.

Is the party over for the annual meeting extravaganzas?

As the second wave of the coronavirus hits, The Hut Group may win from new lockdowns after completing the biggest UK IPO in five years and largest ever for a tech company.

Coronavirus has hit preparations for the end of Libor, but pandemic-induced rate stability could actually help the transition.

Large banks have spent billions on IT to efficiently process standardized products, leaving an opening for local lenders that offer a banker to talk to.

Buoyed by relatively healthy balance sheets, corporates have demonstrated a willingness to directly support the financial health of their supply chains since the start of the coronavirus pandemic.