...and how to fix it
Coverage of the unfolding crisis
Emerging markets have bounced back impressively from an early-year slump that had threatened to turn into a full-blown crisis. But there are still plenty of questions about prospects for emerging nations and related banking revenues.
Periphery banks fund without ECB help; bank-sovereign feedback loop is a worry.
While OTP and Raiffeisen are vulnerable to FX losses and a slowdown in Russia and Ukraine, the impact should be manageable, though there are some exceptions.
Vikram Pandit, the former Citigroup CEO, who was ousted in 2012, is casting his net wide as he looks for ways to stay busy.
€3bln for DCM, €3bln for FICC; UniCredit, Commerzbank and Crédit Agricole to benefit as funding shifts to bonds
As three UK banks issue profit warnings springing from litigation costs and mis-selling charges, it takes a newcomer to show the value of good customer service.
State-owned bank becoming more competitive; Improves corporate and retail services
Change is afoot in the private-banking industry as UBS launches a ‘middle-way’ approach to charging clients fees for advice, Euromoney can reveal.
The new chief executive of Bank of
Cyprus faces challenges on a scale that
perhaps dwarf those he faced when
restructuring the investment bank at
RBS. Compelled to deal promptly with
mounting bad debts, he also has to cope
with the local reputational aftermath
of the bank’s EU-imposed bail-in. Will
his diet of “hard work and heavy lifting”
see the bank through its crisis?
Euromoney asks the CEOs of eight of Asia’s leading private banks for their thoughts on where clients in their region will invest this year.
Basel revisions dilute a key safeguard; bankers are celebrating.
The markets didn’t quite ignore the rushed news of Deutsche Bank’s fourth-quarter 2013 €1.2 billion loss stemming from litigation charges, restructuring costs and weak performance in its fixed-income business. Sure, the shares fell 6.5%, but this came after a more than 20% rally from the middle of 2013. Investors might have contented themselves that, after stripping out all the accounting nonsense and the litigation one-offs, the underlying performance wasn’t too bad.
You'll find a new private banking channel on euromoney.com, comprising analysis of trends shaping the industry, interviews with heads of private banking at the largest global wealth management institutions, interviews with the top five CIOs at the private banks, and much more.
What is the truth about Mukhtar Ablyazov? Is the former head of Kazakh bank BTA a fraudster on a par with Madoff and Stanford, as prosecutors from Russia and Ukraine to England and France claim? Or is he the persecuted victim of his home country’s political elite? One thing is for sure: the hunt for Ablyazov, and billions of dollars in assets he is alleged to have illegally appropriated, is one of the great sagas of our time.
Chinese bank’s London purchase likely to be followed by other acquisitions in foreign markets.
There are some benefits to having an incredibly untidy desk. While conscious that we had not tidied up for a while, even Euromoney was taken aback by what we found under a pile of papers in the office: Lehman Brothers’ Outlook for the ABS market, published in February 2007. Given what happened just months later, the document makes for rather eerie reading.
Some have dubbed Antony Jenkins' reign at Barclays a work in transition. To me, it is undoubtedly a mess in transition.
Meet the new stars of private banking: the global chief investment officers. Wealth managers know they have to provide more to clients than a safe place to deposit money and a close relationship with families and individuals. They are moving to an asset-management-based approach, and CIOs are key to the strategy. But can a house view really increase profits and win over clients?
Rental income from repossessed housing is the next big thing in securitization. It will also be the acid test of what, if anything, the market has learned over the last five years.
Euromoney recalls meetings with John Lefevre, in his former capacity as an Asian bond executive, who has been outed as the man behind the wildly popular @GSElevator Twitter account, which purports to tweet conversations between Goldman Sachs employees around the world.
Banking-sector risk in Europe has almost halved since its peak in the summer of 2012, thanks to a wave of deleveraging, according to the latest projections from a systemic risk index, Euromoney can reveal. However, banking-sector leverage in France and Italy remains a source of systemic risk, while Greece and Ukraine are bright spots, according to the index.
Limited supply boosts demand; concerns over provisions remain.
Big reorganization at StanChart; Bank may be takeover target
Bob Diamond heads new buyout team; Partners with Ugandan IT entrepreneur
Crédit Agricole attracts 900 orders; when everyone is buying, aficionados suggest time to sell.
Court in Aix-en-Provence rules that Mukhtar Ablyazov, the former chairman of BTA, once Kazakhstan’s largest bank, should be extradited to either Russia or Ukraine to face fraud charges. The ruling is the latest twist in the saga of a man who once bestrode Kazakhstan's banking sector. Euromoney explores his fall from grace.
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