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LATEST ARTICLES
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Celebrating its 190th anniversary this year, making it older than the confederation of Canada itself, Scotiabank has quite a heritage. So does Brian Porter, its chief executive, who has been at the firm for his whole career, stretching back to 1981. But when he took the helm in 2013, his job was to reposition a bank that might best have been described as a mini-HSBC.
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The drive to make finance sustainable relies on robust data. This is something that the French bank has been working on for a decade.
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Bank of America is everywhere in the US. It serves one in five mid-sized corporates (those with revenues of between $5 million and $2 billion) and you can’t do that from one national headquarters.
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Sustainable finance is now at the top of many global banks’ agendas, but it has been there at Bank of America for a very long time already. The bank is committed to deploying $1 trillion towards zero-carbon investments by 2030, but Steve Boland, chief administrative officer, believes this initiative shouldn’t overshadow the bank’s long held belief in pursuing a sustainable growth strategy in relation to its broader corporate responsibilities. It is the continued success of this strategy that makes BofA North America’s best bank for corporate responsibility.
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Bank of America is the world’s best bank and Goldman Sachs is the world’s best investment bank in Euromoney’s Awards for Excellence 2022.
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Under the leadership of Brian Moynihan, Bank of America has become the poster child for stakeholder capitalism in banking. Shareholders benefit; previous strong underwriting and ample liquidity enabled it to grow loans strongly in the pandemic recovery; and management is confident it can weather the coming downturn.
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DBS has taken the boldest step yet in digital DCM, encouraging corporate and financial borrowers to self-issue commercial paper direct to investors. Volumes are strong. The next step, longer-dated bonds, will come soon.
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Unbeatable data drives everything behind CashPro, and the platform drives payments and treasury at Bank of America in turn.
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Companies that publicly commit to net zero by 2030 need to be held accountable for those commitments. That won’t happen until their carbon footprint becomes publicly available data.
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Hong Kong’s capital markets are moribund, its government erratic and directionless, and its economy in disarray. For a city that increasingly looks like anything but Asia’s ‘world city’ is there a route back to normality?
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The idea of capping the price of Russian oil and gas exports sounds good in theory, but it might be better to test methods for energy rationing.
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The current market slump gives banks a chance to repel competitors such as crypto firms and fintech lenders.
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As investors and dealers struggle with inflation levels not seen for 40 years, the only good news is that markets are still functioning… for now.
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The stablecoin is preparing an audit with a top 12 firm, chief technology officer Paolo Ardoino tells Euromoney. Why is Tether not already providing more transparency on its reserves?
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Lombard Odier joins Barclays and Nomura in hoping to grow partnerships and shareholdings in a market that is heavily banked but underpinned by a vast institutional bid and a belated surge towards sustainability.
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Following Terra’s death spiral, regulators will focus on the collateral backing the biggest stablecoins that are essential to the flow of real money into crypto.
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Bank privatizations are never simple, but the outcry that has erupted in Iceland over a recent sale of Íslandsbanki shares looks set to halt the programme in its tracks – despite the overwhelming success of the bank’s landmark IPO in 2021. With state holding company ISFI now under threat of being closed down, its head takes Euromoney through the drama of the last 12 months.
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Asset quality is under threat across the region, but particularly in Peru.
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Euromoney hit the road in style during April, driving for eight hours in the snow to cover one story.
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The US government’s case against Archegos Capital sets up a contest to guess which of the fund’s prime brokers was the most gullible at any given time. To keep the game interesting, the answer might not always be Credit Suisse.
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Elon Musk’s $44 billion Twitter deal could see his bankers shift from cordial competition for fees to a desperate battle to avoid margin losses if the value of his Tesla holdings falls sharply.
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The first three months of the year have been tough for many investment banking business lines, but Europe’s banks are putting up a good fight against the might of the US firms.
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Euromoney hosts its first private banking dinner since 2019.
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The global cryptocurrency platform is sponsoring the relaunch of a 122-year-old live music venue in London.
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The Swiss bank is still paying for its misdeeds, but this might be a taste of what’s to come for others.
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In frozen far northern Alberta, Euromoney meets perhaps the world’s least likely sovereign wealth fund, investing compensation settlement money for Canada’s Little Red River Cree Nation. It is rigorous, disciplined and sophisticated, and reminds us that sustainable finance has been around for centuries.
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Kyrylo Shevchenko, governor of the National Bank of Ukraine, has been corresponding with Euromoney as war rages in his country. Here he tells us how the central bank has kept the banking system operational and protected the currency in extraordinary circumstances.