Banks in Europe face a bleak choice. They can redouble cost cutting and capture the move to digital. They can also top up capital with AT1s, for which there is still a bid. But as the acute phase of the crisis now approaches and loan losses rise, banks’ fabled capital strength faces a stern test
The transition from Libor is passing key tests as benchmark reform moves into its endgame. But the Gordian knot of legacy loan contracts remains.
Banco Inter’s chief executive João Vitor Menin is a banking revolutionary. His vision of the bank’s future is a super app, supporting both e-commerce and financial services.
Japanese conglomerates have woken up to the need to divest non-core assets; international private equity houses have plenty of dry powder with which to buy them. This happy alignment appears to have survived Covid-19, unlike other forms of cross-border M&A.
What They Said
HDFC’s Aditya Puri emphasises the importance of banking’s fundamentals
Maya Prabhu, at JPMorgan Private Bank, explains how the UHNW world has changed
UBS's Tom Naratil describes the mood among clients in this extraordinary year
Fiona Reynolds, at Principles for Responsible Investment, takes a realistic approach to ESG
The firm is pushing the idea that velocity management can drive sustainable growth for its global markets business. But will investors view this as an updated version of proprietary trading?
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.