Euromoney magazine has released the results of its 41st annual foreign exchange survey, the most comprehensive quantitative and qualitative annual study available on the FX markets.

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Wealthy clients increasingly need international products and services. The opportunities are clear for those who can stomach the regulatory hurdles of cross-border business and who can leverage their retail or investment banking connections. Technology investments are crucial, but the competitive landscape is opening up.

While Commerzbank might yet be an attractive partner in European consolidation, Deutsche is caught in a horrible cycle of continuing to cut costs to offset declining revenues.

Pricing new issues on intuition and market feel is ancient history – artificial intelligence and algorithms are setting the market price for credit, using factors and correlations humans can guess but not follow. Is AI the latest black box risk that will bring illiquid credit markets low or could it make them more efficient?

Germany may conduct a strange experiment in state-sponsored investment banking if a merger between Deutsche Bank and Commerzbank proceeds.

The news that Garth Ritchie, head of investment banking at Deutsche Bank, is being paid €250,000 a month for extra responsibility 'in connection with the implications of Brexit' has been condemned in Germany, where politicians and union leaders are preparing to oppose a potential merger with Commerzbank and associated job cuts.

However the situation plays out, it might be the smaller firm that ends up in the stronger position.

The bank confirms focus on transaction banking by strengthening ties with its investment banking unit through new appointments.

From Deutsche Bank to Santander or ING, banks in Europe need to change with the times and accept accountability to a wider public, represented by their governments: as with weak capital, deficient ethics will only entail greater state control.

The rationale to accelerate cuts in its US investment bank is obvious, but an orderly withdrawal will be hard to execute.

Its strong performance in Euromoney’s trade finance survey – despite its recent difficulties – has left some rivals scratching their heads. What lies behind its high placing?

Banks hold a lot of art, but how can they justify owning valuable collections, which have no practical use, when their previous extravagances have left their stakeholders in such pain?

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Bank shares have bounced back from recent lows in early 2019, but investors tempted to bet on a sustained rally risk yet another year of disappointment.

HSBC retains the top spot.

New investigations into the troubled bank evoke bad memories.

UK corporate broking is the business that won’t die. There is no requirement for it outside the smallest listed firms, and corporates the world over manage without it. Yet UK companies almost always want the reassurance it provides. Is it finally under threat?

Covalent Capital’s OMAS platform seeks to digitize primary bond issues; the MAS is a backer.

Asset management is one of the few opportunities European banks have for growth and good returns, but regulation is challenging the captive market and margins are falling. Can banks build their own versions of the low-cost US fund management firms – or are these few remaining crown jewels heading the same way as their investment banks?

The sacking of DWS’s chief executive barely six months after its IPO shows that asset management might not be the great hope for a firm like Deutsche Bank.

Rates are only rising because economies are doing so well and there is no need to panic, even if risk assets do sell off, at least according to the sell side.

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Fixed income research consumers tell us which research teams have impressed them most over the last 12 months.

The last instalment of our results analysis looks at banks’ markets businesses

Day 2 of our look at the performance of the 12 big CIBs over the past year, this time focusing on the investment banking business lines