Against the tide More Stories

Market leaders More Stories

Italian banking: Squaring the circle

Italian banking: Squaring the circle

Italy’s banks cannot deal with their NPLs unless they have capital, but they are not being allowed to recapitalize until they have dealt with their NPLs.

Banking moves to PaaS

Banking moves to PaaS

So far bankers have considered platform as a service (PaaS) mainly as a way to free their own software developers from the constraints of relying on scarce in-house IT resources.

Inside investment More Stories

Macaskill on markets More Stories

Sideways: The Committee to abolish Christmas trades

Sideways: The Committee to abolish Christmas trades

When HSBC’s former head of global FX cash trading Mark Johnson learned that he had a window of just over 30 minutes to move the sterling exchange rate and profit from an approaching client trade, he said: “Ohhh f***ing Christmas,” according to US prosecutors.

Off message More Stories

Off message: Cutting the cuts both ways

Off message: Cutting the cuts both ways

Analysts want bravado and blood lust alongside new data to input into their spreadsheets; staff will be anxious, so the best bet is to invoke the tried and trusted ‘attrition’ approach, writes John Anderson.

Debates More Stories

Front end More Stories

1MDB: The wolves of Kuala Lumpur

1MDB: The wolves of Kuala Lumpur

Does life imitate art, or art life? This is one of the deeper questions to arise from the ever-expanding 1MDB scandal in Malaysia, where in late July the US Department of Justice moved to seize $1 billion in assets as part of its anti-money laundering investigation into the sovereign fund.