While foreign investment in China has fallen, supply-chain shift is a different story. Rather than transferring their main production away from China, manufacturers are cultivating deep regional supply chains across Asia and beyond.

Record sustainable finance issuance will still only get you so far.

Even as the industry pleads its solidity, accidents keep happening.

MUFG’s vast balance sheet has the potential to make a considerable difference to Japan’s net-zero ambitions. But the bank won’t be pulling back from polluters, arguing that money needs to flow to where emissions are, not away from them.

The Lebanese diaspora has come home to pump fresh cash into the country’s economy, but the resulting price surge is a further blow to the lira-earning population.

Slawomir Krupa may yet turn around Societe Generale. But it won’t be by shock and awe.

A Citi survey of family offices finds some unsurprising things to say about the worries of the wealthy – inflation, interest rates and geopolitics – but discovers a shocking lack of preparation for succession planning.

Beneath the Great Game geopolitics of US-Vietnam relations, there are some intriguing possibilities in the detail.

Working together, regulated banks and direct lenders may prevent the coming default cycle from turning into a full-blown credit crunch.

A debate in Australia arguing for the liquidation of the sovereign wealth fund has relevance to the global fund community.

A handwritten note brings down the curtain on a 38-year journey for bank founder.

Two new platforms show how India is building on top of its digital foundations.

Good things could be in store for Libya if harmony at the central bank spreads to the government and sovereign fund.

The Kingdom’s government has announced that international firms – many of whom are based in Dubai – that want to work with the state will need to base their regional headquarters in Saudi.

The activist shareholder highlights concerns about a former poster child for private equity ownership of banks.

Regulators forced banks to skip dividends during Covid, but let them make up payouts later on. They should now do the same for AT1s or risk that market failing.

The global disclosure recommendations don’t stand a chance against mandated regional regulation.

Banks are not waiting for loans to stop performing before they sell them.

If Olam Agri’s planned dual-listing IPO goes ahead in June it will have a bit of everything: a Singapore-Saudi listing, geopolitics and sovereign funds jostling to defend their nations against strain in global food security.

JPMorgan has cleaned up in a deal that sees the regulators waive their own cap on 10% deposit ownership.

Pouncing on a firm with lots of corporate broking relationships at the low point for IPOs is a smart trade.

Proceeds raised in the first three months of this year were 99% lower than the amount raised at the start of 2021.

The Credit Suisse deal may have merely accelerated Hamers’ anticipated departure.

The failure of venture capital’s favourite bank is bad news for a sector reliant on new injections of cheap capital to sustain loss-making growth.

First Abu Dhabi Bank’s recent interest in a bid for Standard Chartered and an ill-fated investment in Credit Suisse by Saudi National Bank have put the spotlight on Middle East banks as potential acquirers of international firms.

It has been over a decade and a half since a Chinese financial institution bought or invested in a Western counterpart. Beijing sees the West’s banking system as incomprehensibly chaotic and messy, and its own – albeit flawed – as a bastion of stability.

Recent events call into question most of the core assumptions behind the rules designed to keep banks safe through a liquidity squeeze.

UBS’s integration of Credit Suisse will be a long and uncertain process, but keeping the latter’s Swiss universal bank may mean the deal eventually comes good.

Bankers have been at pains to stress how different the world is today from the dark days of 2008: higher capital; more liquidity; lower credit risk and all that. But while individual banks may be safer than they were, collectively they arguably now face a worse existential crisis. Societies face awkward questions about how they value the utility of the banking sector – and how they should pay for it.

HSBC runs towards the storm as others are fleeing it.