HSBC’s choice of a new CEO to replace Noel Quinn was long flagged. Elhedery’s fortune is to be handed the reins of power in an extended period of calm for the UK lender, which benefited immensely from Quinn’s calm stoicism. But deteriorating Sino-US relations mean that turbulence for the London- and Hong Kong-listed lender is sure to return.

The bank is targeting the often-overlooked service sector with structured solutions, along with identifying embedded finance as a fast-growing segment. With the launch of Global Trade Solutions, it goes beyond traditional product offerings and financing.

The Singapore state-owned fund has unveiled plans to invest $10 billion in India and to plough more capital into the US and Japan. At the same time, it is quietly retreating from China, once its largest investment market, but now beset by underperforming capital markets, weak growth and bleak consumption data.

President Xi Jinping’s ‘great rebalancing’ is creating a two-speed China: one a stodgy economy; the other full of export-focused corporate superstars. To serve the latter, China’s banks must invest overseas by buying assets or opening branches – and they need to do so fast.

Tyler Dickson’s departure from Citi must rank as one of the most predictable moves in investment banking this year, even if where he has ended up is perhaps less obvious. Elsewhere, Citadel Securities is apparently set to make an offer that some of the Street might find difficult to refuse.

Bankruptcies in the buy-now-pay-later market, together with tighter regulation, present an opportunity for banks to steal a march on pure-play providers.

France’s political and banking troubles obscure good momentum in Societe Generale’s corporate and investment bank. Yes, capital is constrained, but the bank says it is moving in the right direction.

The bank’s decision to sell a large minority stake in Credit Suisse’s former China JV to BSAM, a Beijing-based fund it has known for decades, is a setback for Ken Griffin’s Citadel Securities. The US firm is still committed to expanding in China’s troubled market.

Diego De Giorgi’s arrival at Standard Chartered has coincided with important changes at the bank. He talks to Euromoney about the transition from investment banker to chief financial officer, and how the firm can further leverage its advantages amid growing profitability and geopolitical risk.

Currency volatility benchmarking has become a useful tool for FX traders but is by no means the only option for informing trades.

The limitations of the Alternative Investment Market are forcing many companies to explore other sources of funding. Nevertheless, there is optimism that the market for small and medium-sized growth companies can be revived.

CEO Leandro Miranda tells Euromoney that the firm will use recently granted CVM license and secured deal mandates to raise equity.

Basel-endgame pushback has reduced the urgency for US banks to relieve capital, but investor appetite for significant risk transfer trades is spilling over to Europe.

Donald Trump is now likely to win the US presidential election after a disastrous debate performance by incumbent Joe Biden. Trump 2.0 may bring complications as well as benefits for Wall Street.

Mamerto Tangonan, the deputy governor and head of the payments and currency management sector at the Bangko Sentral ng Pilipinas, tells Euromoney how southeast Asian countries are using advances in digital payments to revolutionize cross-border transactions.

There is pressure on corporate treasurers to maximise the benefits of embedded finance, despite the lack of additional resources.

The region’s tough economic history, coupled with its strength in soft and hard commodities, makes it best positioned to tackle today’s challenges.

Derivatives structurers are thriving, but regulators aren’t convinced the biggest Wall Street banks have a firm grasp of their complex exposure.

The Siena-based bank has a better bill of health and is once again a target in Italy.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.