A just transition should protect smaller firms from paying the price for the carbon emissions of larger ones.

While Germany fires up its coal-burning power stations once more, it’s almost as if the country itself is protesting.

If Russia stops the gas this winter, the damage to European banks will be worse than Covid, and Germany will be at the centre of the storm.

HSBC’s interim result shows that banks are drawing a line under pandemic-related provisions, while simultaneously setting aside new ones for the disease’s economic cure. All banks must make this transition, but HSBC has other things to worry about besides: a campaign from China’s Ping An to split the bank in half.

If Rishi Sunak prevails in the race to be the UK’s prime minister, then Goldman Sachs will still have one alumnus as head of a leading European economy, even if Mario Draghi steps down from leading Italy.

Trading divisions at banks aren’t just offsetting slumping deal fees, they are also becoming more efficient. They could drive an upgrade in equity valuations.

Supposedly disappointing second-quarter earnings should have surprised no one and Morgan Stanley’s were quite good.

July/August 2022

July/August 2022

Will higher rates today come at the price of more pain tomorrow?

Companies that publicly commit to net zero by 2030 need to be held accountable for those commitments. That won’t happen until their carbon footprint becomes publicly available data.

The head of crypto firm Galaxy Digital should get creative about his tattoo of failed token Luna.

Campaigning for October’s presidential election has yet to officially start in Brazil, but it is expected to be bitter – and the risks of political fall out for Brazilian banks have already become all too clear.

The Awards for Excellence submissions that push the boundaries.

Bitcoin miners feel the effects of high energy prices.

Hong Kong’s capital markets are moribund, its government erratic and directionless, and its economy in disarray. For a city that increasingly looks like anything but Asia’s ‘world city’ is there a route back to normality?

The idea of capping the price of Russian oil and gas exports sounds good in theory, but it might be better to test methods for energy rationing.

The current market slump gives banks a chance to repel competitors such as crypto firms and fintech lenders.

As investors and dealers struggle with inflation levels not seen for 40 years, the only good news is that markets are still functioning… for now.

Stress tests mean that banks must assess their own climate impact. The glaring data gaps will close as the science progresses and methodologies evolve.

Launched in 2020 with the intention of injecting a dose of quality into the fly-by-night market of special purpose acquisition companies (Spacs), the $4 billion Pershing Square Tontine Holdings is fast approaching its deadline to buy something. If it gets wound up instead, has it failed?

Lombard Odier joins Barclays and Nomura in hoping to grow partnerships and shareholdings in a market that is heavily banked but underpinned by a vast institutional bid and a belated surge towards sustainability.

HSBC Asset Management’s head of responsible investing has had it up to here with consultants and regulators lecturing him on climate change risk.

Asset managers and index providers are the focus of a backlash against ESG. Banks will face their own reputational roasting as demand for fossil-fuel financing rebounds.

Following Terra’s death spiral, regulators will focus on the collateral backing the biggest stablecoins that are essential to the flow of real money into crypto.

Almost half of the Australian group’s record profit came from the Americas this year. Will Macquarie still call Australia home?

Asset quality is under threat across the region, but particularly in Peru.

Euromoney hit the road in style during April, driving for eight hours in the snow to cover one story.

The US government’s case against Archegos Capital sets up a contest to guess which of the fund’s prime brokers was the most gullible at any given time. To keep the game interesting, the answer might not always be Credit Suisse.

Elon Musk’s $44 billion Twitter deal could see his bankers shift from cordial competition for fees to a desperate battle to avoid margin losses if the value of his Tesla holdings falls sharply.