February 2017
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LATEST ARTICLES
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Stephen Bird is 18 months into his role as global head of consumer banking at Citi, and a recently-launched app is only part of his strategy
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Bobby Lee, co-founder and chief executive officer of BTCC, the Shanghai-based bitcoin platform and second-largest bitcoin exchange in the world, certainly stole the show at London blockchain week, a series of conferences held in late January. -
In a month that saw hundreds of thousands of women worldwide unite in disgust at the proposed policies of new US president Donald Trump, one Chinese investor has provided a shocking example of how pervasive a problem gender inequality still is in the financial markets.
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New accounting rules requiring banks to take upfront charges against possible losses through the full life of a loan promise damaging pro-cyclicality.
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The overweight focus on millennials by private banks feels a little desperate.
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Bankers in the UK have little if any appetite to row back on a decade of regulation they are just about getting used to.
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It is not only banks that are wearily trying to assess the impact that the UK leaving the EU will have on their businesses – private equity firms are getting increasingly concerned too.
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They have tried and mostly failed – European investment banks’ lag to their US peers is a blot on their international prestige and it is structural.
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When Brazilian federal police knocked on the door of André Esteves’ Rio de Janeiro home on the morning of November 25, 2015, they were not only arresting one of the country’s most prominent bankers, they were also delivering a hammer blow to his bank, BTG Pactual. There followed a stress test that would threaten the collapse of the bank. Here’s the story of how the partners forged a business model for BTG in the glare of public scrutiny.
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Attempts to build a North America business have left egg on the faces of many senior HSBC executives, but now, with two key differentiators – its big balance sheet and global network – it may have figured out how to be an investment bank in the US.
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Just as concerns grow that central bank monetary policy is under threat of becoming politicized, there are also fears that politics is corroding the objectivity of rule makers, putting the stability of the financial system at risk.
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CLSA has always had a unique position in Asian finance – to its competitors it has been a curiosity, but one secretly admired for its independence. Three years after its purchase by Citic Securities, it’s now the means by which the Chinese brokerage aims to take on the world. Outspoken CEO Jonathan Slone insists the firm will flourish while keeping its identity. Can he make it happen?
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When Austria’s Hypo Alpe Adria collapsed after the financial crisis, it left a network of small Balkan banks – private equity firm Advent International has taken up the challenge of turning them into a profitable franchise, rebranded, root-and-branch reformed and under new management. CEO Ulrich Kissing is open-eyed about the challenges Addiko Bank faces.
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The rally in bank stocks seen after Donald Trump’s election victory had stalled by the time of his inauguration as president on January 20. Fourth-quarter results from US banks were also announced in January, giving bank heads a chance to pitch their prospects relative to competitors.
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Rate hikes, regulation, investing in people and technology – the CEOs of the top ranking private banks in the 2017 Euromoney private banking survey discuss how to balance the challenges and the opportunities that lie ahead.
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UBS Wealth Management voted best global private bank; new regional winners; private banks less bullish on revenues; non-bank competition a minor concern.
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With humanity’s challenges seemingly more urgent than ever, the world’s wealthiest are trading cheque-book giving for greater engagement. Not only should the world benefit, but so too those banks that help them with their goals. What role can the world’s leading private banks play?
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Bank warns on AT1 coupon if €13 bln rights issue fails; move highlights importance of capital increase.
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The finance industry continues to struggle with the disconnect between talk and action on diversity. Is it time for the activists to shake things up?
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Indonesia’s reaction to a bank’s tactical call on its equity markets helps nobody, including Indonesia and its investors.
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France’s low-growth and highly consolidated banking industry might appear rigid, but jealousies and opportunism are keeping idiosyncrasies alive and kicking.
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For a non-US bank to be a success in the US, it has to get its ambitions right first.
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Shariah savings scheme could be a game-changer; wealth push follows success in sukuk market.
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US banks strike positive tone over earnings; Europeans less likely to reap rewards of new volatility.
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At the largest private-sector investment firm in the Persian Gulf, the line between business and politics has always been blurred – its well-connected new executive chairman Mohammed bin Mahfoodh Al Ardhi seems a perfect fit for that curious tradition.
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€9.5 billion issued after Sapin 2 law passed; EC chooses French instrument for harmonized solution.
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Belgian group wins bidding for NBG subsidiary; further consolidation seen likely in crowded market.
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Blythe Masters had what seemed to be a Hillary Clinton-on-election-night moment when Digital Asset, the firm where Masters is CEO, failed to win a role in the most significant blockchain application yet announced.
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The bank's branding seemed a safe bet before Djokovic was given the tennis elbow by a little-known Uzbek.
