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Baoshang’s failure in August marked the first collapse of a Chinese bank in 22 years. As bank runs rise, trust firms run into trouble and more struggling lenders are merged, experts are asking: how bad is China’s financial crisis?
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Putting together Spain’s two biggest domestic lenders makes sense, because, while both have good management, one side is better skilled at cross-selling.
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JPMorgan named World’s Best Bank in Euromoney Awards for Excellence 2020; Goldman Sachs is the World’s Best Investment Bank; Brian Moynihan at Bank of America is named Banker of the Year; and HDFC’s Aditya Puri receives recognition for Lifetime Achievement.
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