Within three years a quarter of Europe’s bank branches could be closed – more if the rising M&A wave strengthens. When banks shout about investing in digital for their customers, they want investors to hear they are cutting costs. In the rush to become tech companies could they lose what keeps customers loyal?
Eight years after Goldman Sachs first arranged a bond for 1MDB, it has finally concluded its settlements worldwide.
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
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.