Despite political football, the bank is still in the game
Don’t believe the G20 hype
US officials are waging a war to promote the leverage ratio as a binding constraint on banks’ capital frameworks, further imperilling strategic planning for cross-border lenders.
Banks need new sources of revenue or will remain chained to the wheel of endless cost cutting as they face continuing uncertainty about how to best allocate their capital.
The uncertainty for investors over bank litigation extends beyond hits to bank profits and so, potentially, their ability to pay dividends and service coupons on capital instruments and debt.
If systemic risk in the banking system really has been reduced as much as chief executives say, why are regulators set to have an even greater impact in 2015?
Middle Eastern sovereign wealth funds had to endure plenty of criticism for their investments in western banks during the financial crisis. They are looking far smarter now.
You’d have thought the new CEO of Santander needed little introduction. But Ana Botín’s advisers have played a cannily surgical game… so far.
Judge rules profits must be explained; 28 people to have their email searched.
A flurry of new deals points to an exciting new business possibility for Apac banks in 2015.
New AT1 deals from Chinese and UK challenger banks; TLAC securities “must appeal to fixed income investors”
Foreign banks are finding it hard to make their operations in Hungary pay. They say they are still committed to the country. So what will they make of the finance minister’s public call for consolidation?
Executives from Diamond Bank and Carlyle reveal the rationale for the latter's investment in the lender, citing the long-term investment horizon despite the oil-driven volatility in Nigeria’s economy.
New York’s highest court has delivered a boost for the global banking model but the international legal architecture remains a minefield.
Brazil’s banking industry exclaimed loudly that another four years of Dilma Rousseff would be a disaster for the country. Now that she has been re-elected, have the bankers changed their minds?
Intercompany credit data suggests companies are more willing to borrow than banks claim. But what’s the point of banks if they won’t lend?
Don’t believe the G20 hype. In interviews with Euromoney, the world’s top financial policymakers admit regulatory tensions are tight. What’s more, the collateral damage of the focus on too-big-to-fail, capital rules and bankruptcy resolution risk rolling back financial globalization. Is it time to change the terms of the discussion?
In an interview with Euromoney, Bundesbank board member Andreas Dombret sounds an upbeat note on the rigour of the ECB’s asset-quality review (AQR) and the eurozone’s resolution arrangements, but issues a sharp warning over banks’ risk-free treatment of sovereign debt.
Strong results across the sector; banking system ‘a source of strength’.
It’s not enough simply to invest in technology infrastructure to bring down costs. Banks need to use digital products and services to reconnect with their customers.
Regulation now utterly dominates the banking industry and will have an even bigger impact in 2015, not just on bank capital and returns but on the entire legal structure of the industry.
Goldman invests in big data analytics platform;
Deutsche makes key hires in analytics and data.
When JPMorgan CEO Jamie Dimon delivered the welcome news to employees that he had been given the all clear after a recent bout of throat cancer, senior managers in attendance rose to applaud.
Reforms will not require more capital; More challenging year ahead
Many of South Africa’s leading companies see a once-in-a-generation chance to build businesses across the continent. Banks in South Africa spy an opportunity too, by growing around the region alongside their clients. Can they make the most of it?
The traditional players continued to fight it out for investment banking spoils in the Asia-Pacific region in 2014, but Chinese banks are on the rise and regionals are pushing for a bigger share of the pie.
As 2015 dawns, senior bankers are still poring over the implications of the Financial Stability Board’s proposals to boost their total loss absorbing capacity (TLAC) to ensure that beyond common equity, Additional Tier 1 capital and Tier 2 subordinated debt, banks still have enough liabilities on which losses can be imposed in the event of a failure so that taxpayers never again have to bail them out.
As Europe has stagnated since the financial crisis, Russia proved an invaluable source of returns for a handful of lucky western banking groups. But with Putin on the offensive, the rouble on the slide and recession on the horizon, its days as an engine of regional growth look to be over.
Turkey’s president has tried to kick of one of the country’s largest banks into touch, through public attacks and behind-the-scenes pressure. Despite becoming a political football, Bank Asya is still in the game. Can Turkey’s reputation in the west as a place to do business survive Erdogan’s continued, politically-motivated vendetta?
Three years ago, the leader of one of the world’s biggest countries almost called for a run on one of its biggest banks.
Debt service costs will hit profits; regulators see M&A as the answer.
It is not often new countries open up to international banks. Nine lenders have recently received licences to operate in Myanmar. It gives them a ready advantage in a country that lacks some basic infrastructure.
Global banks may feel that purging their correspondent banking relationships will help them de-risk, but they should beware the unintended consequences.
The Central Bank of Seychelles has taken full control of one of nine banks on the Indian Ocean archipelago, in one of the clearest examples yet of the impact of global banks exiting correspondent banking relationships.
Investors greeted the European Central Bank’s asset quality review with little more than a shrug. They view it as merely the first step on a journey to enhanced and uniform bank supervision that might take a decade to complete. They are much more worried about the sustainability of banks’ business models and whether or not they can even earn enough to service their growing capital stack.
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