Search results for

Citibank/SSSB and Deutsche are neck and neck in our annual poll of polls compilation of survey results. Deutsche tops the underwriting table again and jumps ahead of both Goldman and Citibank/SSSB to win the advisory section. Citibank/SSSB wins our new internet and transactions processing tables and beats Deutsche into second place in the trading section. Goldman scores strongly in all categories save transactions processing, and JPMorgan Chase is in the top four in all categories except underwriting.

International regulators are stepping up their oversight of the insurance industry for a multitude of reasons. The fear that life insurers are taking increasingly risky bets with long-term retail savings is high on the list. And so is the concern that the increasing convergence and risk transfer between the insurance and banking sectors may be creating unseen - and unforeseen - risks.

The economy is booming, but Russia’s stellar growth rates of the past three years are already starting to slow. The impact of the cheap rouble and high international oil prices are beginning to wear off. President Putin must embark on painstaking structural reforms or the boom could peter out. But that means taking on powerful entrenched interests.

The departure of Banco Bilbao Vizcaya Argentaria's co-chairman Emilio Ybarra was half expected. But the resignation of CEO and vice-chairman Pedro Luis Uriarte, announced on the same day, shocked the market.

For years, overbanked Austria has been a byword for murderous competition and razor-thin margins. Now there are indications that it is becoming a more benign environment for bankers. Austrian banks are belatedly focusing on the business of making money, both at home and through energetic expansion in the central and eastern European region.

Operational risk is not new – it’s a concept that banks have been struggling with for years with varying degrees of success. But setting aside capital against the risk of loss from human error, systems failure, or fraud is new, and of growing concern to the industry. With the Basle Accord’s capital requirements coming into effect in January 2005, banks and other financial institutions are having to face operational risk issues with a new sense of urgency. In the following roundtable discussion, euromoney.com brought together a number of professionals with different operational risk challenges to discuss the questions they face and the business implications of the Basle Accord. IBM’s Keith Saxton moderated

E-Finance

The IPO of Dentsu, the world's fourth-largest advertising company, was supposed to mark UBS Warburg (Japan)'s entrance as a serious name in underwriting in the Japanese market.

Internet Awards 2001: Bucks and bytes struggle for glory

It’s not all bad. The world of international finance works in mysterious ways, and right now it looks as though central America is actually a beneficiary of Argentina’s default and the US recession.

Merrill Lynch HSBC, the online share dealing and research platform for high-net-worth individuals, has fallen on hard times, with disappointing trading volumes. The banks involved will no doubt live to fight another day, but spare a thought for the 150 employees that the venture has made redundant. Not only have they lost their jobs, an attempt to give them career advice has added insult to injury.

Philippines