Traders have been staying away from the Turkish currency this year as they watched a steady decline in its value against the dollar, but the recent deterioration of relations between Turkey and the US sent the currency spiralling into a full-blown crisis.

Undeterred by the SEC’s recent disapproval of bitcoin ETFs or cryptocurrency price falls, Circle is intent on building a framework for the tokenization of finance with its stablecoin as the next big step.

The smooth chief executive transition at Goldman Sachs will increase scrutiny on the potential succession to Jamie Dimon at JPMorgan.

If JPMorgan CFO Marianne Lake becomes the banker most likely to succeed Jamie Dimon as chief executive before mysteriously deciding to pursue interests outside the group, she will be in good company.

Retail investors are pulling out of ETFs – or are they?

Stock coverage to double, says partner; hiring spree turns to the US.

Just ten years after the crisis, banks' confidence about regulatory easing is worrying

US asset manager sets sights on Germany with new direct lending fund.

The case for smaller deals is clear, but pressure is building higher up the food chain as well.

Euromoney was an accredited reporter at the Trump-Kim North Korea-US summit in Singapore in June.

Equity capital markets moves at Citi and BAML say more about the two firms than they do about ECM.

One big deal might kick off a new round of mergers, but the risk of over-paying remains.

Deutsche Bank’s failure of the recent Federal Reserve stress tests drew attention, but while the regulator was happy to kick the battered European bank while it is down, this was in stark contrast to its treatment of favoured home-town players Goldman Sachs and Morgan Stanley.

Europe may not be enough after Trump’s withdrawal from the Iran deal.

A wave of regional mergers will be the nail in the coffin of the small banks and credit unions.

A mature economy and limited room for domestic growth tends to push Canada’s biggest firms into foreign forays. And fortunately for RBC Capital Markets, they often choose to do that supported by Canada’s best investment bank.

The eighth biggest bank in the US is on a roll. It has absorbed multiple acquisitions aimed at rebalancing its franchise, broken into corporate banking and wealth management, continued its digital development but at the same time espoused a philosophy that does not consider the branch to be dead. And it has done all this without losing sight of its corporate responsibility goals. Euromoney’s choice this year as the US’s best bank is BB&T.

Morgan Stanley’s journey to the very top of US investment banking has been built on a fairly simple principle: to give the best advice and execution to its clients. There will be few firms that do not claim to have a similar ambition, but the difference at Morgan Stanley, under president Colm Kelleher, is just how much of the business is set up and run with precisely these objectives in mind.

Another year, another record. TD Bank clocked up its eighth year of record earnings in fiscal 2017 and has already posted a 20% increase in pre-tax profits for the first half of fiscal 2018, indicating that it is on track for yet another triumph as it continues to build across its whole franchise. It is once again Euromoney’s pick for Canada’s best bank.

Having stabilized the bank after the financial crisis, Bank of America’s management conceived a simple plan for its future: maintain a diverse set of businesses but deal with less risky customers; provide them with fewer, simpler products; automate for efficiency; and then grow by doing more for these customers. Easy to say, but hard to do – it took time and billions of dollars of investment. With results now shining through, the bank that once looked too big to succeed has a shot at domination.

Private equity house takes stake in UK payments processor

As treasurers and banks grapple with the arrival of real-time payments and open banking, tech companies are looking at the next phase of payment developments.

Higher merchant fees are creating issues for corporate treasurers, who are concerned with the lack of alternatives in the market.

Goldman Sachs delivered strong first-quarter trading results that were followed by a reorganization of the management of its securities division.

The coming move towards a Volcker Rule 2.0 that relaxes monitoring of proprietary risk taking by bank dealing desks has been portrayed as a result of president Donald Trump’s administration finally placing its preferred officials in key regulatory positions.

Banks face a payments dilemma of either collaborating with fintechs or developing systems in-house, and the same issue is now arising in the approach to regulation and the best way to digitize compliance.

…if you’re big, fast or specialized in modern foreign exchange. That has led to dramatic changes in the volume-based rankings in our annual survey. Meanwhile, new customer satisfaction ratings give a different insight into the banks’ relationships with their clients.

As cities around the US see populations increase, so the smaller banks that serve low- to moderate-income urban families are being squeezed out. New York is no exception. Financial inclusion is at risk of becoming an urban myth.

With six months to go before money market reforms are imposed on all funds in Europe, treasurers hoping to earn a return on their cash are scoping out the best options available.

A soybean trade between two arms of Cargill using letters of credit from HSBC and ING shows the R3 Corda platform is finally set to scale up.