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Analysts see augmented reality creating new economies worth trillions of dollars in the metaverse, where people are already spending real money on virtual real estate and will want to spend virtual earnings in the real world.
The transition of most of the global financial markets away from Libor and the adoption of risk-free rates is finally upon us. As the clock counts down to the demise of Libor for all new contracts, the focus is firmly on where the sticking points remain: the ‘tough legacy contracts’ and the US dollar loan market.
Trading update does little to answer concerns around underlying performance and a slowdown in wealth management.
Citi’s decision to withdraw from consumer banking in Mexico demonstrates the extent to which fintech players have transformed this market. How prepared are the other incumbents to take on the competition?
Central banks have dominated financial markets through years of interest-rate repression that inflated bond and equity valuations. Suddenly inflation, running at highs not seen for decades, threatens all this. Do central banks have the credibility and capacity to cope with the monster from the 1970s that has returned with a vengeance?
At the end of each year, Euromoney takes a close look at the performance of 25 key institutions that we cover. Speaking to senior executives at these firms, we assess what went right and what didn’t, together with what might lie ahead. This year, we have also examined the views of those at the top on two important factors for 2022: their own and others’ asset quality, and the disruptive threat of China.
JPMorgan Chase can be a winner in global digital retail banking according to Sanoke Viswanathan, the bank’s head of international consumer growth. With European expansion starting in the UK under the Chase brand and growth in Latin America through a stake in Brazil’s C6, Viswanathan insists his firm is in this for the long haul.
What They Said
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Noel Quinn, chief executive of HSBC, is looking further afield for growth -
The world’s central banks have a profound challenge to meet, according to Paco Ybarra, chief executive of the Institutional Clients Group at Citi
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Andy Halford, Standard Chartered’s CFO, summarizes the global theme in supply-chain finance
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Nazir Razak talks about 1MDB and his disgraced brother Najib
Brought in to help clean up Credit Suisse, the high-profile Portuguese banker has been forced to quit to preserve what is left of its reputation.
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