September 2020
Features
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The bank’s new Development Finance Institution could move the needle in helping developing economies meet the UN’s sustainable development goals. Euromoney talks to managing director Faheen Allibhoy and chair of the governing board Daniel Zelikow. -
Baoshang’s failure in August marked the first collapse of a Chinese bank in 22 years. As bank runs rise, trust firms run into trouble and more struggling lenders are merged, experts are asking: how bad is China’s financial crisis?
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The Multilateral Investment Guarantee Agency had already set itself ambitious goals even before Covid-19 hit the world. Its new head argues that the pandemic makes its mission all the more relevant.
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How can quantitative easing best alleviate the financial fallout from Covid-19? Unconventional monetary policies make investors in emerging markets uncomfortable – especially in Latin America. Little wonder that central banks are treading a cautious path.
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Covid-19 may be the moment sovereign wealth funds were made for: a shocking disruption to national economies that calls for a stable, patiently invested buffer. Funds have reacted in different ways, but they’re all bigger, shrewder and hopefully smarter than they were during the GFC.
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A bold move by New Zealand’s Jarden to hire some of the finest talent in Australian investment banking and go it alone feeds the sense of a changing competitive landscape.
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The US bank’s Asia chief executive and former global head of financial institutions group talks to Euromoney about his ambitions in digital, wealth and transaction banking, and about the bank’s future as a leader of both global and local change.
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A new Euromoney podcast series traces the relationship between space and the private sector, from the early Cold War state-funded model of Apollo to one in which venture capital backs the most interesting and visionary ideas.
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It was not the only bank that came into the Covid crisis with a strong balance sheet, but, as in 2008, the bank has shown that its diverse businesses provide plentiful earnings to take big reserves, even while it keeps financing large corporates and small businesses alike. Deposits have flooded in, technology investments have proved their worth and it is winning more business from mid-cap clients inside and outside the US – and it coped with the temporary absence of a legendary chief executive.
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The firm didn’t foresee the coronavirus crisis when it decided to pivot its investment bank more explicitly towards clients than ever before. But as so often, its timing could not have been better
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Whether on Covid-19, systemic racial inequality or climate change, Bank of America’s CEO has demonstrated how the financial industry can respond on every front – and why stakeholder capitalism is not only needed but works
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For over 30 years, Euromoney has recognised the banks and bankers that have demonstrated their differentiation, pioneering a comprehensive awards programme that today remains the industry benchmark globally.
Opinion
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Sideways: How green is your banker?
The trend towards social debt issuance at the expense of green bonds poses a conundrum for firms looking to appoint credible leaders for a push into sustainable financing. -
Macaskill on markets: US banks exploit ESG’s move beyond a cancel culture
Environmental, social and governance (ESG) investing is moving beyond a compliance-focused cancel culture, giving US banks an undeserved chance to win market share from European firms. -
SDGs: Conscious coupling of the public and private sectors
Governments need to step up to take a more proactive and innovative role in creating new markets. -
What’s wrong with ESG ratings?
Environmental, social and governance ratings are far from perfect – but criticism of the industry too often misses the mark. -
Reasons to be positive on Europe
The EU recovery fund could deliver so much more than just a short-term boost to peripheral sovereign bonds and European equities. -
Asia relocation: In the Vanguard
Does the investment manager’s decision to shutter its Hong Kong office and relocate to Shanghai matter? -
Blackstone-Takeda deal is good news for Japan investment bankers
Transaction is part of a trend for divestment from conglomerates to private equity. -
Wholesale banking: ABN Amro cuts now, but ING is next
Exits at ABN Amro, including its big operation in commodity trade finance, raise questions about ING, as both firms enjoy much better returns in Dutch retail lending.
