November/December 2023
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FEATURES
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Ukraine recap takes EBRD into a new era
The war in Ukraine has suddenly ramped up demands on the European Bank for Reconstruction and Development after the institution spent years searching for a new role. President Odile Renaud-Basso talks to Euromoney about the bank’s strategy and plans to boost its capacity through a €4 billion capital increase. -
Mongolia’s banks have listed – now for the hard part
Mongolia’s five big lenders have successfully completed their IPOs, doubling the size of the local stock market. But the challenge of attracting more foreign institutional investment remains. -
How Singapore got so good at SME banking
Singapore’s big-three lenders – UOB, DBS and OCBC – have won Euromoney awards for best SME bank in Asia each year since 2016, two of them taking the global award as well. Why? -
Will Lebanon’s energy recovery become a casualty of war?
The risk of a new war with Israel will derail any fledgling economic recovery for Lebanon as it attempts to convince private-sector investors of its gas and renewable energy potential. -
Private equity firms eye potential in Latin America
Latin America has been a relative backwater for private equity firms. Could better equity market conditions in the region drive an uptick in activity? -
Basel endgame heightens shadow-banking fears
Global financial regulators are right to pay more attention to non-bank risks, John Schindler, secretary general of the Financial Stability Board tells Euromoney. But is there a danger of losing sight of the most important piece of the system to preserve: the banks? -
Italy’s Visco offers his parting words
In one of his last interviews in office, Ignazio Visco sets the record straight on his controversial 12 years as Italy’s central bank governor: a period of almost constant crisis. Today, the country’s NPL problems seem cured but, as he acknowledges, simmering risks remain.
OPINION
OPINION
LEADERS
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Rakuten needs money – and lots of it – as its mobile telecommunications arm continues to burn cash. But it is running out of things to sell, while its debt profile is miserable.
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A $3.5 billion deal attracts $36 billion of demand, answering the question of whether Swiss banks can return to this market after Credit Suisse's collapse.
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While no charges have been laid against the Adani Group, a new Sebi rulebook addresses a key concern that came from the January stock-market controversy.
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Pressure is growing on Japan’s self-imposed caps on government bond yields. Positive rates must be around the corner, but what will that mean for banks and public debt?
COLUMNS
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Net interest margins are shrinking. Banks may need to find new sources to fund customer loans, perhaps even by lending to each other.
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Singapore’s DBS Bank has spent the past decade transforming itself into one of the world’s best digital banks. But a series of lengthy service outages over the past year has wrongfooted senior management, who have been left to issue apologies and pledge to do better.
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A local asset management company in Liaoning province just bailed out Shengjing Bank – by borrowing the capital it needed from the very same ailing regional lender.
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Some big improvements need to be made in all areas of ESG, but it might be useful to stop trying to reconcile it with how markets function.
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Syndicated loan arrangers’ relief at US appeals court decision on Kirschner case may prove short-lived.
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Citi’s sale of its China consumer wealth portfolio to HSBC for $3.6 billion is a nuanced tale of two banks with increasingly different strategies. As HSBC tilts ever more toward Asia, Citi proves ever more inclined to see all financial services through a global prism.
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