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Businessman Looks At Lighthouse While Stranded On Boat

Foreign Exchange

T+1 worst fears not playing out in FX so far

The immediate aftermath of the launch of T+1 settlement in the US on May 28 suggests the acceleration has not yet translated into increased FX risk. But it is still too early to tell what the longer-term impact will be.

Paul Golden, June 21, 2024

BANKING

Intesa breaks out of Italy in CIB

Despite an overwhelmingly Italian business in retail, Intesa Sanpaolo has stepped up its share of corporate and investment banking revenue outside the country. In its global growth markets, divisional chief Mauro Micillo says the firm is here to stay.

Dominic O’Neill, June 21, 2024

Treasury

Transaction banking requirements drive ESG disclosure

With corporates taking a more holistic view of sustainability, banks are under pressure to address concerns over reporting and verification requirements for sustainable working capital, trade finance and liquidity management products.

Paul Golden, June 20, 2024

Opinion

Did Macron kill the Golden Goose?

Risk aversion has spread quickly since the call for a snap election in France, from French government bonds, through bank stocks and CDS spreads to now derail the IPO of an Italian maker of luxury trainers.

Peter Lee, June 20, 2024

CAPITAL MARKETS

Deal flow catches up with trade along the Middle East/Asia corridor

Euromoney recently sat down in Dubai with the heads of investment banking for HSBC in the Middle East. The conversation focused on the burgeoning trade and deal flow between the Gulf region and Asia, what investors on both sides are looking for and why they like what they see.

Elliot Wilson, June 19, 2024

CAPITAL MARKETS

Hyundai Motor’s trailblazing India IPO set to be a blockbuster

The South Korean automaker is on track to raise upward of $3 billion via the listing of its India unit in Mumbai. If successful, it will surely compel more global firms to raise capital in south Asia’s largest market.

Elliot Wilson, June 18, 2024

Fintech

Could China-led wholesale CBDC fuel de-dollarization?

MBridge, China’s cross-border digital currency initiative, has entered the minimum viable product stage. It is the world’s most advanced cross-border CBDC and stands on the cusp of playing a pivotal role in the de-dollarization process.

Larissa Ku, June 13, 2024

Treasury

Market dislocation risk drives deal-contingent hedge demand

The recent resurgence in M&A activity has driven interest in deal-contingent hedging as firms look for a buffer against unfavourable FX or interest-rate movements.

Paul Golden, June 13, 2024

Opinion

Will Mexico’s new president target banks?

Mexican banks have sold off hard since Claudia Sheinbaum – as widely expected – was confirmed as the country’s next president.

Rob Dwyer, June 13, 2024

CAPITAL MARKETS

Liquidnet looks beyond automation for equity block trades

It is getting tougher for investors to execute block trades of more than €2 million in Europe’s fragmented equity markets. Matching buyers and sellers needs a return to negotiation and away from pure electronic trading.

Peter Lee, June 12, 2024

Foreign Exchange

SEC approves stake-free Ethereum ETF proposals

The absence of staking and the earlier approval of spot Bitcoin exchange-traded funds have sucked much of the excitement out of the SEC’s surprising decision to greenlight spot Ethereum ETFs.

Paul Golden, June 11, 2024

BANKING

Commerzbank’s corporate business inches back to growth

After years of retrenchment, Commerzbank’s head of corporate clients Michael Kotzbauer tells Euromoney of a tentative return to growth. The bank has dodged Germany’s commercial real estate slump but is having to adapt to a worsening geopolitical backdrop. Capital and cost efficiency remain big priorities.

Dominic O’Neill, June 11, 2024

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