December 2016
Cover image
FEATURES
-
Argentina: Galicia’s Grinenco looks through the regulatory lens
The outside world is still happy to see the market-based reforms in Argentina through rose-tinted glasses, but the country’s banks are battling a poor economy and tough regulatory challenges. Banco Galicia’s chairman, Sergio Grinenco, has a pragmatic view of the outlook for Argentina’s banks. -
Dave Seleski: Cuba’s unlikely banking pioneer
When the history of banking in communist Cuba is written, Dave Seleski, head of Florida-based Stonegate Bank, may well be hailed as a leader who triumphed against the odds. -
Emerging Europe: Lithuania goes all in on fintech
Of all the cities lining up to poach London’s business post-Brexit, Vilnius might seem the most unlikely. Yet the Lithuanian capital has much to offer financial firms, from liveability and local talent to cutting-edge fintech regulation. Euromoney visits a small city with big ambitions. -
Asia: Allure of the Chinese buyer begins to fade
Outbound M&A from China has been one of the big themes in global investment banking over the past few years, much of it driven by the need to reform China’s state-owned enterprises. But it is tricky work, subject to forces beyond an adviser’s control, and only some of it is lucrative. No wonder bankers, and many selling companies, are re-evaluating whether a Chinese buyer is unequivocally a good thing. -
Korea’s chaebol reform a rare bonus for bankers
With deal volumes weak across most of Asia, South Korea’s latest round of chaebol reform – some by choice, some by necessity – is welcome news for M&A bankers. There is plenty to do, but none of it simple, and not always lucrative. -
Investment research: the progress of price
There is now just over a year until the new Mifid II regulations covering research procurement come into effect in January 2018. The market still has a mountain to climb if that deadline is to be met.
Opinion / Also in this issue
OPINION
ALSO IN THIS ISSUE
-
Country deems debt unsustainable; IMF support may be imminent.
-
IMF responds with $12 billion loan approval; banks’ long-term prospects improve.
-
Banco Patagonia sale piques interest of main players; consolidation of smaller banks coming in next two years.
-
SFC scrutinizes stock exchange sponsors; US pursues princeling hires.
-
Deutsche joins list of sellers; public-sector buyers in driving seat.
-
Scrapping large-tender notes sparks panic; ‘black economy’ crackdown prompts cash squeeze.
-
New CEO stresses continuity in state bank’s evolution; further bank recapitalizing poses challenge to private sector.
-
New president has boosted confidence, investment and growth; sol-denominated lending lifts profits.
-
Bankia privatization looms; caja independence in doubt as IPOs lag.
-
IFC teams up for first carbon credit coupons; billions of dollars needed to stop deforestation.
-
Hedge funds gain security over crown jewel; Isolux much quicker to reach agreement.
-
Floating NAVs, gates and fees come into force; rate rise may lure investors back.
-
Global Aggregate index yield jumps by 25bp in 11 days; $8.2 billion leaves US bond funds in one week.
-
Increased charges by banks for corporate deposits seem inevitable as interest rates in Europe remain low. Corporates are, therefore, scoping out alternatives.
-
First international test; regs and compliance must catch up.
-
Much of what counts as the modern study of economics consists merely of advanced mathematical modelling of financial markets, and the election of Donald Trump now renders it mostly worthless.
-
Even amid stories of clients cutting exposure to Deutsche over concerns regarding the DoJ investigation, the bank still benefited from rising customer volumes in the third quarter, as did other European banks.
-
Euromoney predicted last month that ANZ would sell its retail and wealth management businesses to a Singaporean bank; it turns out it was already in the works. Both DBS and ANZ gain from a practical deal, though it won’t be quite as simple as it looks