North America

Under-investment in post-trade infrastructure is driving interest in distributed ledger technology as a means of reducing back-office costs.

Environmental and social issues not separate; BlackRock still not voting on climate reporting.

$2.4 billion in dedicated mandates; expectations to reach $20 billion to $30 billion by 2023.

Credit Suisse’s CEO says his firm stands out in Europe: the numbers suggest he’s right

JPM wants to become the top transaction bank in the world – Takis Georgakopoulos, global head of treasury services, tells Euromoney how the bank will do it.

Founders claim existing meat-production business model at risk from stranded assets as interest in meat-free diet grows.

The distinction between retail and institutional FX business is well established, but there is a growing sense that both types of client can be supported on the same platform.

Even as the most infamous cryptocurrencies crashed this year, new ones were already emerging, designed to peg their value to fiat currencies. The most popular of the so-called stablecoins, Tether, broke its peg to the dollar in October, raising questions over the best design for these instruments and the worry that they may be just the latest crypto fad to sucker in the unwary. But if they succeed, stablecoins could prove a tipping point for broader crypto adoption and the reinvention of money.

Ken Moelis lived up to his nickname ‘Ken of Arabia’ when he showed up at the Saudi Future Investment Initiative conference in Riyadh in late October in his brave pursuit of future fee income despite the risk of international opprobrium.

When the financial crisis hit and retail banks – desperate to cut costs – closed less profitable branches, they did so chiefly in rural towns, or low- to moderate-income (LMI) communities.

Investors throw money at cash-burning issuers as concern over leveraged finance grows.

Rates are only rising because economies are doing so well and there is no need to panic, even if risk assets do sell off, at least according to the sell side.

A strong third quarter from Morgan Stanley was the highlight of a mixed bag of numbers, while Goldman Sachs’ incoming CFO offered more glimpses of the future.

With 75 banks signed up in late September, IIN is already approaching 100 banks convinced that blockchain is the best, safest and quickest way to resolve blocked cross-border payments.

Speed bumps appear to be gathering favour among stock exchanges, but their potential to level the playing field in the FX market is tempered by concerns around transparency and the impact on trading costs.

Morgan Stanley looks best in the third quarter, but was just pipped by Goldman over a longer term analysis

A prestigious award in economics could encourage complacency, rather than forceful action, on fossil fuel consumption.

Isda needs to take action over manufactured defaults.

The smackdown on greenwashing is coming – and ‘commitments’ to clean energy and environmental practices will not be enough.

Wall Street is turning into a self-driving market, long before automation transforms the physical experience of transportation.

Cut in the teeth of the financial crisis, MUFG’s stake in Morgan Stanley might well be the best deal of the last 10 years. Much of the success is down to the strong personal relationship between the firms’ leaders.

Progress has been made on possible replacements for Libor as a reference rate for financial instruments. But they don’t all have the market thrilling to the prospect of a Libor-less world.

A Greenwich investor survey projects continuing growth in fixed income ETFs as the likely response to deteriorating bond market liquidity.

The Swiss bank is pushing into new territory by taking automated trading into a more complex and less liquid market.

The world of cross-border payments in undergoing a digital transformation, which is set to eradicate long delays, friction and high transaction costs.

Some six months after its FX Link service went live, CME Group reckons the benefits are being felt beyond the OTC spot FX and FX futures markets.

Participants and analysts have dismissed any concerns about the key findings of the BIS market committee’s electronic markets report relating to the concentration of FX turnover and spot trading fragmentation.

Jon Macaskill profiles the two new co-heads of investment banking at UBS.

Investment bankers hope for an autumn thaw after a spring freeze.

Is former ECB chief Jean-Claude Trichet the real villain of the piece?