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Why incumbents keep building neobanks
Intesa Sanpaolo’s Isybank is the latest in-house neobank to run into trouble. But the desire to migrate core-banking systems onto the cloud is still encouraging other banks to follow this strategy. -
DBS’s Gupta turns to India for profit and growth
The Singapore lender is looking to India in search of new business and growth opportunities, its chief executive Piyush Gupta tells Euromoney. Long term, it aims to emulate onshore the country’s best private-sector lenders, HDFC and Kotak Mahindra. -
IBOS aims to grow international banking network
As banks retreat to their home markets, they must find reliable partners to serve corporate customers overseas or risk losing them. -
Isbank’s CEO on coming out of a crisis
Isbank’s chief executive Hakan Aran sees embedded finance and an innovative approach to bank branches as the future as the Turkish bank looks to rebuild on a better market environment for its 100-year anniversary. -
XP: Will the tables turn on Brazil’s great disruptor?
XP has succeeded in Brazil by using its technological efficiencies to win on digital experience and price. But now the incumbents are catching up and XP chief executive Thiago Maffra is focusing on developing service beyond pure online delivery. -
Megalou plans a new era of growth at Piraeus Bank
The Greek bailout fund’s exit from Piraeus Bank last month was the country’s biggest post-crisis privatization. The bank’s chief executive, Christos Megalou, tells Euromoney that this is more than a capital-return story. It’s also about growth: in the economy, in wealth and asset management, and, thanks to neobank Snappi, internationally. -
Itaú: the power of paranoia
The paradox of Itaú is that it has maintained its leadership of Brazil’s banking sector with an ease and assuredness in recent years that belies the radical and continual transformation going on under the surface. The bank’s CFO, Alexsandro Broedel, tells Euromoney that its management’s only real constant is to view every new player as an existential threat – and react accordingly. -
Rivals eye Swiss riches after Credit Suisse failure
Credit Suisse’s domestic bank was arguably the failed group’s best and strongest division. One year after the rescue, UBS is not the only one trying to feast on its domestic wealth-management and corporate-banking leftovers. Other Swiss and international players also hope to benefit from the longer-term fallout in Switzerland. Will the rush to pick up the remnants of the fallen champion pay off? -
Japan ends negative interest rates, but QE continues
As Japan puts an end to the global negative interest rate era, its central bank's QE programme remains in place and may be a model for peers. Investors maintain a bullish outlook on the stock market. -
Deutsche Bank is the big Asean winner as trade flows shift
The German lender’s decision to put its chips on southeast Asia is paying off handsomely. Under the leadership of Asia CEO Alexander von zur Mühlen, Deutsche Bank has doubled its capital in Vietnam and Indonesia, with more to come, moved a host of global roles to the region, and has seen Asean eclipse its India and China business in terms of growth and absolute numbers. -
Griffin raises funds to build out banking as a service
The UK startup is now a fully regulated bank and private funds are backing its vision to embed regulated banking in non-financial companies as well as fintechs. -
Brazil’s digital banks come of age
The leading neobanks in Brazil seem to have hit their stride in terms of profitability just as some of the traditional banks have stumbled. Are these firms the future of Brazilian banking? -
Banco Pan’s CEO sees profitability doubling in two years
Chief executive Carlos Eduardo Guimarães says that he expects the bank’s return on equity to double to between 20% and 22% in the next two years. -
Inter’s CFO says cost control boosted RoE by 800bp in 2023
Banco Inter reported return on equity of 8.5% in the fourth quarter of 2023 but is now targeting a return on equity of 30% by 2028, CFO Santiago Stel tells Euromoney. -
Von zur Mühlen explains Deutsche’s big bet on Asean
In 2020, Deutsche Bank’s Asia chief, Alexander von zur Mühlen, placed more of his chips on fast-growing southeast Asia. As global firms diversify out of China, his prescience and willingness to deliver on his convictions is starting to pay off. -
Krupa must manage expectations at SocGen
Investors and staff at Societe Generale are slowly starting to understand chief executive Slawomir Krupa’s brutally honest approach to the bank’s many challenges. Taking them with him as he embarks on his restructuring plan may prove a more delicate task. -
Open banking creates new B2B opportunities in Brazil
Domestic companies launch banking-as-a-service models as the country's central bank creates space for new entrants. -
Will German banks be real estate’s next casualties?
A private debt hangover in real estate is threatening middle-class retirement savings across Germany. Local banks, which focused more on senior loans, should be safer. But are these lenders ready to finance the recovery in commercial property that the German market so badly needs? -
Nick O’Kane, Macquarie’s commodities King, steps down
He leaves the Australian financial firm after transforming its commodities and global markets division, and despite being widely tipped as likely to succeed current CEO Shemara Wikramanayake. -
NYCB appoints exec chair to deal with real-estate loan losses
Former bank examiner Alessandro DiNello stresses resiliency of deposits as NYCB strives to build capital after higher provisions and ratings downgrades. -
For banks, the future of AI is already here
No industry will be more overwhelmingly affected by new forms of artificial intelligence – both generative-AI and other technology to come – than banking. Costly but cost-effective, it is up to banks to make AI work for them, not the other way around. -
Rajesh Mehta: Citi’s peripatetic transaction banker
Citi’s head of Asia treasury and trade solutions has retired after 40 years at the US bank. He tells Euromoney what he would do if he were a 20-something graduate today, and why it helps to be both a specialist and a jack-of-all-trades in the industry now. -
Will NYCB stop US regional bank M&A in its tracks?
After a dire couple of years, the hope had been that the only way was up for US regional bank M&A. But this week’s trauma at New York Community Bank has demonstrated some of the problems that can catch out the unwary as expansion takes them into new regulatory territory. -
Sánchez ushers in reform at Cabei
Internal and external reforms are under way as the new president signals a break with the previous administration. -
Bankers chase a new golden era in CEE
Record regional bank profits, plus strong capital ratios in Western Europe, have fuelled hope for more bank acquisitions in Central and Eastern Europe. The uncertain effect of recent court rulings on Swiss franc mortgages, however, is a big obstacle to deals in Poland. -
US banks muscle in on the European midmarket
They already dominate the investment banking business in Europe, and now the leading US banks have their eyes on an even bigger prize. They see their vast investments in the digital technology transforming payments and transaction services and their retained global presences as the keys to winning even greater revenues from Europe’s midsize corporates. -
Can private credit help to bridge Asia’s funding gap?
It has become fashionable to describe private credit as an opaque and fast inflating bubble that could bring crisis to the global financial system. But in Asia even banks and regulators hope it will grow to bridge the yawning financing gap. -
Archx Capital aims at an ‘emerging Brazil’
Brazil’s banks have been talking a good game about capturing the outperformance of smaller, privately held companies in the country. Now a new banking advisory firm – packed with senior bankers – has made this segment its entire business strategy. -
Will Cerberus’ latest European banking play come good?
After overseeing radical transformations at Bawag and Hamburg Commercial Bank, Cerberus Capital Management now has ultimate control of HSBC’s French retail bank. Former UniCredit banker Niccolò Ubertalli is running the new business, and reveals a very different strategy to the private equity company’s German-speaking antecedents in European banking. -
Chinese investment banks change tack in Hong Kong
Hong Kong-based Chinese investment banks, plagued by the market’s liquidity issues, are looking to China's economic pivot and the renminbi's rise as a fundraising currency to restore their fortunes. -
ECB unveils new bank-specific actions in SREP results
Outgoing supervisory chair Andrea Enria warns against ‘complacency’ – despite higher capital ratios at eurozone banks – as he announces new requirements on banks to tackle investment-banking leverage, liquidity shortages and leveraged finance risks. -
Europe’s banking supervisors tighten the screws
Outside Switzerland, European banks largely escaped the banking turmoil last March. That hasn’t prevented supervisors using it as an excuse to ratchet up the pressure. Ahead of its 10th anniversary as a supervisor, is the ECB – as some bankers suggest – getting too intrusive? -
Lacerda readies BR Partners for growth
BR Partners grew steadily up until its successful IPO in 2021. However, tougher markets since that float have led to a period of relative consolidation. Will 2024 see a resumption of chief executive Ricardo Lacerda’s ambitious empire building? -
Noronha finally replaces Lazari at Bradesco
The appointment of Marcelo Noronha as chief executive of Bradesco should probably have taken place five years ago. Is he still the right man for the job? -
What Ukraine can teach the world’s banks
National Bank of Ukraine governor Andriy Pyshnyy talks to Euromoney about stabilizing the country’s financial system after the invasion, how rapid shifts to cloud-based banking can work and why cyber risks mean other countries are now seeking Ukraine’s advice about keeping banks running when national electricity infrastructure is down. -
What does COP28 hold for sustainable banking?
The 28th Conference of the Parties starts in Dubai tomorrow. Dubbed the finance COP, conflicting priorities could turn it into a fossil fuel investor roadshow.
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