What do you gift the JPMorgan employee who has everything? How about a piece of JPMorgan history?

An art installation shines a light on UBS.

December 2019

December 2019

Sustainable financing is gaining ground in corporate Russia as firms look to improve their environmental, social and governance policies ‒ but can the country’s notorious polluters really go green?

When RBS floated Citizens Financial in 2014, it was the biggest bank IPO since the financial crisis and investors were sceptical of its prospects ‒ five years on and RoE and EPS have doubled, the stock trades at a premium, and the bank has shown it can compete with bigger US banks and non-banks alike. Chief executive Bruce Van Saun discusses what comes next.

The dynamics of the US securitization market have changed beyond recognition, while the role of banks in ABS has evolved too. The excesses of the past have gone and securitization is now a safe and reliable funding tool for consumer lending. So why don’t banks want to talk up their role in the market?

Concern is again growing over unsustainable lending to over-leveraged borrowers, financing vastly overpriced assets that are subsequently securitized; only this time it isn’t mortgages – it’s student loans.

A deep and sustainable private-label RMBS market has always eluded the US thanks to the insuperable competitive advantage enjoyed by the GSEs; that could change if plans to remove these guarantees for higher-risk mortgages go ahead.

No large financial institution in Japan attracts more doubts about its long-term sustainability than Daiwa, but as its CEO says: 'People on the outside don't know us.'

Mizuho 'intends to transition to the next generation of financial services' – here the bank's CEO explains what that means.

Japan's social environment is said to be transforming, and SMBC's CEO is determined that the bank will take the lead in those changes.

MUFG's CEO believes the bank has 'to provide the opportunity to challenge and fail'.

Squeezed by negative rates on one side and an ageing population on the other, Japan’s banks have never had it so tough. Euromoney examines their potential to break free from these constraints.

Local banks believe that reinventing wealth management will supply them with domestic growth in a dismal macro environment. But the challenge is that the bulk of assets are held by elderly people, who aren’t used to investment, aren’t used to paying for it and don’t care much about digital innovation.

A generation of bank-funded conglomerates is belatedly discovering corporate governance. The resulting divestment of non-core assets has private equity and foreign investment banks excited. Those that have stayed the course are well placed to benefit.

The purchase of Long-Term Credit Bank by JC Flowers and Ripplewood in 2000, creating Shinsei Bank, was a landmark for foreign participation in Japanese banking. Chris Flowers exited most of his holding this year and reflects on what he learned over two decades.

Japanese banks must go overseas to build sustainable profits, each in their own way. Nomura is streamlining global operations and applying itself in China; Daiwa wants to be a global mid-market M&A house; MUFG has bought Asean banks; Mizuho prefers organic growth; and SMBC is somewhere in between. Who’s ahead?

A few weeks before being appointed as its new CEO, Nomura's Kentaro Okuda outlined his vision for the firm to Euromoney.

Elizabeth Warren is showing a unique ability to get under the skin of Wall Street leaders as the US presidential election season heats up.

Wall Street leaders alarmed by the prospect of a populist anti-finance president such as Elizabeth Warren or Bernie Sanders were given some hope when Michael Bloomberg declared his candidacy for the Democratic nomination.

A $30 billion bond from AbbVie has given US dollar investment-grade corporate debt volumes a boost late in the year, but net issuance is down and the outlook is mixed. Little visibility on large M&A financings is combining with liability management and late-cycle caution to mean that 2020 might be worse

Year after year, research highlights the gap between what impact investment consumers want and what they are being offered by advisers, banks and pension funds. The UK’s new Impact Investing Institute hopes to bring everyone to the table to change this.

A deluge of negative transatlantic headlines overshadows the achievements of Ukraine’s reformers.

A new sport in southeast Asia banking circles is guessing how much it will take for Goldman to settle with the Malaysian state over 1MDB.

Buyers may salivate at the chance to invest in an Irish butcher’s meaty offering.

Brazil’s currency hit an all-time low nominal value on November 18, closing trading at R$4.20 to the dollar.

Spanish bank profitability will sink even further as left-wing populists Podemos enter a coalition with the socialist party, making a private-sector future for Bankia ever more remote.

The country’s Supreme Court overturns a curveball decision from July, to the benefit of distressed debt investors.

Origin’s simple, scalable technology solution to the inefficiencies of generating final legal documents for MTNs shows the path to success for fintechs in capital markets.