Search results for

Macedo might seem like an odd choice to lead Portugal’s biggest bank, but the former health minister comes with impressive cost-cutting credentials.

The bank has lagged behind its retail-focused competitors in Europe and Latin America. That is changing, senior management say. The Spanish group is pursuing new growth and diversification – from fintech investments to core-banking experiments and new online platforms.

Swiss bank buys Brazil’s biggest multi-family office; wealth management industry continues to grow fast despite economic turbulence.

The importance of emerging markets in the world economy has grown steadily but managing EM currency risk can be a nightmare for the unwary corporate treasurer. By 2014, emerging market economies already accounted for 36% of world GDP and 27% of world trade, yet in the period between 2010 and 2015 there were eight large depreciations of emerging market currencies, according to the International Monetary Fund. Managing the company’s financial interests in these challenging markets has become a top priority for treasurers. Which factors should treasurers look at?

Probably the single most controversial post-crisis piece of financial regulation, the Volcker rule has been blamed with hampering liquidity and has been criticized as virtually unenforceable. Now, US lawmakers have the rule in their cross hairs.

The knock-on effect of market retrenchment is prompting banks to streamline their internal businesses to identify revenue-generating opportunities.

By allowing clients to create their own pools of credit, Noble Bank International reckons it has developed a service that will significantly reduce counterparty settlement risk for FX trading.

FX market players are gaining confidence in randomization as concerns over the potential for wider spreads and reduced certainty of execution have been allayed by market experience.

The EU’s revised Payment Services Directive (PSD2) will be implemented in January 2018 and provide non-banks with free access to payment initiation from bank accounts, subject to account holder consent. PSD2 creates a new Request to Pay (RTP) capability that is of significant interest to merchants and to the fintechs providing them with payment services.

Following news that Barclays chief executive Jes Staley and Bank of England governor Mark Carney were fooled by spoof emails purporting to come from their chairmen, Euromoney’s Jon Macaskill has uncovered more misleading messages from the top.

The central bank’s plan to encourage lenders to make consumer-friendly home loans doesn’t appear to be an attack on their profits. Yet.

Eurozone stress has been felt most acutely in the so-called periphery, but investors should look at the core of the European Union.