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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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Euromoney's Awards for Excellence are the awards that matter to the banks and bankers who matter. They were established in 1992 and were the first of their kind in the global banking industry. -
It was not the only bank that came into the Covid crisis with a strong balance sheet, but, as in 2008, the bank has shown that its diverse businesses provide plentiful earnings to take big reserves, even while it keeps financing large corporates and small businesses alike. Deposits have flooded in, technology investments have proved their worth and it is winning more business from mid-cap clients inside and outside the US – and it coped with the temporary absence of a legendary chief executive.
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The firm didn’t foresee the coronavirus crisis when it decided to pivot its investment bank more explicitly towards clients than ever before. But as so often, its timing could not have been better
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Whether on Covid-19, systemic racial inequality or climate change, Bank of America’s CEO has demonstrated how the financial industry can respond on every front – and why stakeholder capitalism is not only needed but works
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The bank’s new Development Finance Institution could move the needle in helping developing economies meet the UN’s sustainable development goals. Euromoney talks to managing director Faheen Allibhoy and chair of the governing board Daniel Zelikow.
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The Multilateral Investment Guarantee Agency had already set itself ambitious goals even before Covid-19 hit the world. Its new head argues that the pandemic makes its mission all the more relevant.
What They Said
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JPMorgan's Daniel Pinto on not losing discipline in the crisis
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Angela Rodell at Alaska Permanent Fund Corp on how SWFs must consider why they were created
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John Waldron at Goldman Sachs on some good timing
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Joseph Poon at DBS Private Bank on fleeing Vietnam in 1976
Putting together Spain’s two biggest domestic lenders makes sense, because, while both have good management, one side is better skilled at cross-selling.
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.
