With monetary union off the table, a national break-up could make Brexit seem like a skirmish.

The perils of marketing to Generation Z.

António Horta-Osório makes no apology for the unbridled optimism that has defined his 10 years running Lloyds Banking Group. Critics say he leaves it over-exposed to Brexit and dwindling interest margins. But, as he prepares to move to Switzerland to become chairman of Credit Suisse, Horta-Osório tells Euromoney that Lloyds’ greatest days could still be ahead of it.

The country’s banks have successfully weathered a series of crises during the past six years. Will this time be different?

While a bid still remains for duration, the EU could achieve much for member states through more flexible borrowing in short-dated instruments.

In buying out its Exane equities joint venture partner, BNP Paribas reckons it can make a success of a business where few European peers have thrived. It also hopes to see a halo effect on underperforming franchises like ECM.

The former Commerzbank chief executive and co-head of wealth management at UBS heads a strong team to help company founders with running a public company.

The food delivery firm is redefining order flow.

After a lifetime in Vienna, Peter Bosek has moved 1,600 kilometres north to head up Blackstone’s banking operation in the Baltics. He talks to Euromoney about life in Tallinn, how to take advantage of millennials’ new-found enthusiasm for investment and what banks can learn from Netflix.

Less charismatic chief executives will serve Europe’s banks well in the 2020s – unless it simply means that more power will reside with their chairmen.

UBS has applied to buy out two minority investors in its China joint venture, boosting its stake in Beijing-based UBS Securities to 67%. The bank’s strong and long-standing relationship with the owner of the other 33%, a division of Beijing local government, is a timely reminder that there is no one right model for success in China.

The data-cloud company has laid down an intriguing marker for its peers

Deliveroo’s pending stock sale gives London a much-needed financial boost, but the global IPO market is becoming a straight fight between China and the US.

Zafer Sönmez was well underway with a long-term plan to model Turkey’s sovereign wealth fund on Singapore’s Temasek and Malaysia’s Khazanah – his former employer – when he was unexpectedly removed from his role in March. Before going, he gave Euromoney a detailed interview on the challenges involved in building a wealth fund in a country that is not blessed with oil wealth, plentiful foreign exchange reserves or even budget surpluses. Those challenges will remain after his departure.

Jonathan Hill’s recommendations for UK listing reforms have dug deep into areas at the forefront of capital markets debate in 2021. Here we assess what he has to say.

In making his long-awaited recommendations on how to improve London’s standing as a venue for raising capital, Jonathan Hill faced the challenge of how to reform while not racing to the bottom.

Jean Pierre Mustier has spoken candidly with Euromoney throughout his five years of running UniCredit. Here is the inside story of how the first foreign chief executive of Italy’s international banking champion came close to continental leadership but left in acrimony – after clashing with the country’s financial establishment and with chairman-elect Pier Carlo Padoan.

Rob Karofsky will become sole president of the investment bank at UBS, ending his ‘odd couple’ partnership with co-president Piero Novelli.

The link between share ownership and voting rights has been weakening for a long time. With dual-class share structures more popular than ever, is the struggle to resist their rise now over?

London is, unsurprisingly, struggling to embrace Brexit. Its advocates say the City just needs to try harder.

The FTSE250 company launches an open pre-emptive share offer underwritten by a concert party of wealthy individuals to appease creditors in its pub securitization.

The chief executive of a leading mid-market London broker reckons there are more funding opportunities than ever for small and medium-sized UK firms, in spite of the pandemic. But she still wants changes to London’s listing rules.

Investors modelling prices from data across fragmented and illiquid bond markets find that cloud computing brings speed, while AI offers precision.

Mid-market specialist DC Advisory has come a long way since its days as a unit of Close Brothers. UK chief executive Richard Madden reckons its acquisition by Daiwa and subsequent build-out of a more coherent international franchise has stood it in good stead.

The sponsors of a new special purpose acquisition company aimed at European financial services argue that the region is ripe for the kind of patient capital that the structure can provide.

Investment grade and non-sterling bond investors submitted big orders for the largest ever European high-yield deal, but half received zero allocation.

Polish companies have been behind the curve when it comes to sustainability. A reinvigorated Warsaw Stock Exchange plans to bring them up to speed.

As the unlisted firm shrinks further in investment banking, its asset management business might IPO on its own.

Strong fundamentals, generous Covid support and timely digital banking regulation mean that Hungary’s banks are in good shape for 2021.

The Bank of England’s latest FX trading survey shows how sterling trading exploded in October amid the twin pressures of Brexit and the coronavirus pandemic.