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Neobanks are targeting less wealthy people in both developed and developing markets – a constituency that has traditionally been neglected by incumbent banks because of legacy costs. But it’s an increasingly political issue and where does this leave people who still need access to cash and branches?
Global investors want to know if troubled Chinese developer Evergrande can meet its bond repayments – but far bigger risks exist, from local government bond defaults to badly run banks exposed to overleveraged developers.
Euromoney chooses DBS as the World’s Best Bank, Morgan Stanley as the World’s Best Investment Bank. See the winners of all categories here.
This time last year, Euromoney recognized progress at Deutsche Bank as the best transformation story of 2020. Twelve months on, the German lender might be getting its act together at last. Can it sustain its recovery?
Appetite for emerging market risk is much lower in the wake of Covid-19 than it was after the global financial crisis. This is the result of a mix of technical and fundamental factors, but it is primarily driven by the spectre of the emerging markets’ Achilles heel: inflation.
Digital identities are evolving fast as lenders, tech firms and governments roll out platforms to make it easier to shop, invest and constantly prove who you are. Banks – still trusted despite myriad scandals and crises – are at the heart of this process: a situation that is unlikely to change.
The worst pandemic in a century, an event which has changed our whole way of life, appears to have dealt only a glancing blow to global banking. Good risk management certainly played a role; but, crucially, government support bailed out customers before they impacted bank balance sheets. Is there bad news to come when those policies go back to normal?
What They Said
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Piyush Gupta, chief executive at DBS, which is the world’s best bank in Euromoney’s Awards for Excellence 2021 -
Ted Pick, Morgan Stanley’s co-president, explains the winning formula at the world’s best investment bank this year
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Richard Teichmeister, head of funding at the EIB, talks Euromoney through our financial innovation of the year
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Deutsche Bank's James von Moltke says banks surprised even themselves in managing the impact of Covid-19
Evergrande is in trouble, drowning in debt and besieged by angry investors. It is bad news for shareholders, but it also raises harder and darker questions about investing in China.
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