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Better hedging seems to have enabled the FX market to shrug off concerns over Donald Trump’s victory in the US presidential elections, with some strong moves in Asian trading giving way to more restraint when European markets opened.

Regional FX volatility and capital outflows likely to hit LatAm; biggest risk comes from protectionism policies in the medium term.

The October elections did not deliver the shock investors were bracing themselves for when anti-government protests took place earlier in the year – easing the risks and endorsing Iceland’s credentials for a credit rating upgrade based on its improving macro-fiscal profile.

The political chaos, which left the country without a government for 10 months after two election rounds, seems to be finally contained as a new minority government is in the making.

Korea should be a rare bright spot for prominent IPOs in Asia but, given centre stage, Doosan Bobcat fluffed its lines.

A bet on QE expansion overrode worries about the referendum for Italy’s 50-year debut.

Flash crashes are still mercifully rare, but FX bankers worry that changing market dynamics will make them happen more often.

Cutting ties with money transfer companies has deeper implications than many big banks are prepared to admit.

European banks stocks have been on a tear since their summer lows, with the Stoxx Europe 600 banks index rising by 30% from the bottom of 117 in early July, up to 153 at the end of October.

The shortcomings of German banking have steered it into a shipping crisis on a scale that is only now being appreciated. Shipping loans are already pulling some of the state-owned wholesale banks under water, making previous failures to properly remodel the sector even more obvious.

Ultra-low rates and higher regulatory costs are thinning German banks’ already meagre margins, creating dangers of systemic importance.

The decline of Deutsche Bank may be grabbing the headlines, but the woes of German banking run far deeper. Low interest rates and tighter regulation are hurting all the private-sector banks. That simply adds to concerns that Germany’s banks cannot, or perhaps in politicians’ eyes should not, be profit-hungry institutions. But are the statebacked banks that still dominate German banking reaching a limit on their ability to fund themselves? And does that mean that the famed three-pillar system is heading for disaster?