Paraguay has achieved a lot in the last decade. A raft of laws to underpin the management of its economy – such as inflation targeting and the fiscal responsibility law – created a stable macro-economic environment just before the commodities bust that sent other economies in the region into a downward fiscal spin.

A blizzard of monetary and fiscal policy announcements finally began to calm market nerves this week; but bankers and analysts are struggling to figure out what more might be needed – and just what kind of crisis this is.

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In June, Singapore’s regulator will hand licences to three new wholesale digital banks in a bid to better serve under-banked SMEs. Euromoney talks to Arival Bank, a fintech firm aiming to snag a licence and use it to fuel its global ambitions.

Retail banking has been disrupted. Now comes wholesale’s moment, as banks shift into a higher gear to meet the increasingly onerous demands of digitally connected corporates. Only the best and most adaptable firms are likely to survive.

Expo 2020 showcases economic and business opportunities in Dubai. Bankers hope it will lead to a boom in areas such as SME lending and infrastructure investment, but worry that a short-term lift will not be enough to dispel broader concerns about the country’s economy.

Despite MSCI index inclusion and a landmark trade by Saudi Aramco, global funds are still $70 billion underweight Gulf equities, but the UAE and Saudi are making progress in deepening markets.

The government’s response to the lack of financial inclusion is to build thousands of new banks throughout the country, but it faces a big challenge in weaning potential customers away from the black economy.

Euromoney's latest coverage of how Beijing is seeking to globalize the renminbi, through currency swaps and trade-financing facilities; the rise of the offshore bond market; and how fee-hungry banks are salivating at the prospect of the RMB’s growth.

The leading banks in Euromoney’s Trade Finance Survey 2020 comment on the highlights of the last 12 months and their expectations for the year to come.

Africa

Euromoney Private Banking and Wealth Management Survey 2020: Methodology

UBS Global Wealth Management retains the top spot; JPMorgan is a standout, too.

More than 2,000 private bankers took part in the 2020 Euromoney private banking survey. See who’s up and who’s down globally, regionally and domestically.

Best Private Banking Services Overall Net-worth-specific services: Mega HNW (>$250m) UHNW (>$30mln-$250mln) HNW ($5mln-$30mln) Super Affluent ($1mln-$ 5mln) Capital Markets and Advisory ESG/Impact Investing Family Office Services International Clients Investment Management Next Generation Philanthropic Advice Research and Asset Allocation Advice Serving Business Owners Data Management and Security Innovative or Emerging Technology Adoption

With Santander Brasil registering record profits and Santander Mexico promising the same, the outlook for the group looks Latin. As its European business stalls, how will the bank be affected by Latin America’s shift from engine of growth to core business?

Across the UK, Legal & General has invested over £22 billion in affordable housing, homes for the homeless, clean energy, life sciences, creative industries, and technology and infrastructure. Is this the institutional-scale impact model we have been waiting for?

For all the detail, the firm's long-awaited investor day doesn't end the questions about its strategy

The global bank has refreshed its senior management but needs to start demonstrating its platform can deliver best-in-class returns.

The world-leading bank aims to stay big with long-term investments, no matter what difficult conditions the market throws up.

Backed by a powerful domestic franchise, Bank of America is performing well through turbulent markets.

Spain’s biggest bank is moving further away from its deal-making past, instead seeing a way forward for its troubled US and UK banks in payments and cloud technology.

BNP Paribas will reach the end of its three year ‘transformation’ plan in 2020; how has it fared?

Returning money to shareholders was an important milestone; building revenues and controlling costs remains the key task.