Welcome to the 2020s.

Deep analysis of the performance of Euromoney’s core 25 global banks shows them struggling to drive momentum in the face of difficult markets, high capital requirements and low-to-negative rates.

January 2020

January 2020

There is finally an opportunity to integrate nature within financial decision making in the year ahead. How can we ensure it’s doesn’t become a lost opportunity?

A no-growth decade won’t stop bankers from chasing fees and trading profits. Mystic Maca looks even further ahead.

The year 2020 is going to be a big one in the world of failed trades.

The nation has become synonymous with 1MDB, much to its new leadership’s frustration. It needs to close the chapter on this scandal and begin a new narrative with the global financial community. Malaysia’s prime minister-in-waiting tells Euromoney what would help.

Here’s how to make an entrance at a conference.

Itaú retains 49% stake, now equivalent to 10% of the group’s market cap, as rapid growth leads to runaway valuation.

The US firm is cutting just under 2% of its workforce, a reflection of what could be coming in 2020.

Excitement at the prospect of Goldman’s first investor day is mounting.

Europe is belatedly setting up an anti-money laundering (AML) supervisor, even an EU financial intelligence unit, but the plan faces tough political tests ahead.

A lot of bother over BofA.

As European equity trading venues have proliferated, so the cost of market data has risen; but investors are fighting back with a cost-sharing venture.

Leonardo Del Vecchio’s arrival as the biggest shareholder in Mediobanca caught CEO Alberto Nagel off guard, stirring debate about Nagel’s handling of the bank’s stake in Generali. Nagel insists he can find an acquisition in wealth management that is good enough to justify selling. But is his and Mediobanca’s influence in the country on the wane?

In 2014, a $1 billion bank fraud nearly bankrupted the tiny state. It came through in better shape thanks to reformist policymakers, an IMF bailout and the sale of big banks. But a Russia-leaning administration now threatens to undo those reforms.

Intesa Sanpaolo chief executive Carlo Messina bristles at the idea that Italian finance should be an underdog in Europe. His bank can prove otherwise and, he says, lower interest rates will only make its fee businesses shine more brightly. But in a stagnating economy with tech-savvy challengers gaining share and other Italian banks recovering, are acquisitions the only way for Intesa to grow and retain the favour of investors and clients?

The need to raise funding in international markets comes at a bad time for a sector facing uncertainty over Swiss franc mortgage litigation and rising levies.

Could the direct listing format withstand an injection of primary capital-raising? Yes, but not without complications.

Leading bankers in sustainable finance fear that, despite the advances and the rhetoric, the industry is not moving quickly enough. Euromoney asked 20 regional and global heads of sustainable finance for their views: what the experts think might surprise you.

The Lebanese authorities said that they met a $1.5 billion bond payment in late November, but with the country rapidly running out of money and in the absence of any clear ability to enact reforms, Euromoney looks at its options.

Emerging markets are more exposed than ever to booms and busts of the world’s largest economies, prompting the IMF to rip up its orthodox policy rulebook as it re-thinks its advice on non-standard monetary policy measures.

It appears that basic errors rather than deliberate attempts to game the system lay behind Citi’s large miscalculations of UK RWAs and CET1.