Overtakes rival with new valuation; dismisses state meddling, commodities concerns.

Cooperatives cut off last regional arm; Landesbanken reluctant to follow.

JPMorgan teams up with On Deck Capital; SoFi lends $4.5 billion in 2015.

As European banks return to the stock exchange, don’t expect much growth in balance sheet or geography.

The European Central Bank meeting in December provided a reminder that it is tough to make predictions – especially about the future. Goldman Sachs’s chief currency strategist Robin Brooks was forced to admit that he had dropped his crystal ball on his foot in predicting euro parity to the dollar by year-end and revised his forecasts for 2016 before 2015 was out. Undeterred, Euromoney’s Jon Macaskill makes his own predictions for the coming year in investment banking.

It was the year of Big Data, and Euromoney certainly joined in.

A Euromoney survey of economists and strategists paints a bleak picture of the emerging markets in 2016. They are now seen as a risk to global growth just when the developed markets start a modest recovery. On the positive side respondents reckon EMs will comfortably absorb the impact of US rate hikes and think another eurozone debt crisis is unlikely.

The global savings glut will continue to buoy markets, for now. But all sins come at a price.

What are Gupta, McKay and Blankfein doing to get their troops onside where the likes of Stumpf, Moynihan and Gulliver lag behind? And at what point does a poor approval rate from your employees spell danger?

The euro is on course for parity with the dollar in 2016.

Third Avenue, Stone Lion halt redemptions; net outflows for 2015 more than $10 billion.

The US firm's embarrassing re-rightsizing is not a knee-jerk reaction: it shows just how bad FICC revenues are likely to be in the longer term. Will other banks follow suit?

Cristina Fernández de Kirchner has left a toxic legacy for newly elected president Mauricio Macri. Asset prices were buoyed by his election victory the mid-term outlook for the Argentine economy is brimming with potential, but he must get through the next six months unscathed and consolidate a weak political base.

Low levels of credit offer opportunity; short-term funding presents operational risks.