April 2021
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FEATURES
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Saudi housing’s journey to the international markets
Ever since the launch of Vision 2030, housing has been a key priority for Saudi Arabia. Along with the home building has come a vibrant mortgage market, the formation of a secondary liquidity provider and the building blocks that will lead to a new securitized asset class in global markets. -
Siebert Williams Shank grows far beyond municipal finance
Siebert Williams Shank is a top-10 lead manager for municipal issuers. Chief executive Suzanne Shank explains how a merger and building capabilities in commercial paper, share buybacks, corporate bonds, ECM and Spacs show the firm’s determination to keep growing. -
Inside Indonesia’s new sovereign wealth fund
The Indonesian Investment Authority is the world’s newest sovereign wealth fund. Its chief executive and the chair of its supervisory board, who is also the minister of finance, explain why the fund will do more than just raise money – and why the ghost of 1MDB is never far away. -
Singapore and Dubai: The future of private banking
Outwardly different, Singapore and Dubai have transformed themselves into international wealth management hubs, overseen by clear-minded regulators. They are now starting to compete for business with Europe’s far older private wealth centres. -
Going all in: BNP Paribas bets on Exane buyout to complete its CIB vision
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. -
Blackstone’s Baltic banking bet
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. -
China’s wealthy find identity in growth
Recent reports by UBS and consultancy Bain set out to explain who China’s high net-worth individuals are, what kind of private banking services they want and how local and global lenders can best serve them. -
Challenger banks: Brazil’s new destroyer
The country’s banks have become accustomed to the disruption caused by the new challengers, but XP Bank could take this to a whole new level.
OPINION
OPINION
LEADERS
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Eagerly courted high-growth private companies will likely go to experienced Spac sponsors that know the route to high valuations.
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While a bid still remains for duration, the EU could achieve much for member states through more flexible borrowing in short-dated instruments.
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Activist investor victory may open the floodgates for shareholder challenges against Japanese corporate management.
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The data-cloud company has laid down an intriguing marker for its peers
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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.
COLUMNS
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The country’s banks have successfully weathered a series of crises during the past six years. Will this time be different?
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Thomas Gottstein’s first year in charge of Credit Suisse began with a pandemic. The second has been overshadowed by events surrounding a key client, Greensill Capital, whose collapse revives lingering questions about the bank’s operating model.
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Singapore always knew its fintech superstar might ditch the city state’s exchange in favour of US markets. Now it looks like Grab will do so through a Spac – the biggest yet – as Asia joins the Pipe party.
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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.
MACASKILL ON MARKETS
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