March 2016
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LATEST ARTICLES
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A top executive at a leading European bank questions the credibility of the firm’s new leadership
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-John Cryan, co-CEO of Deutsche Bank, knows his options are limited as he tries to halt the bank’s decline
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First there was M-Pesa, Kenya’s innovative and highly popular text-banking service that turned mobile phones into mobile ATMs, transferring money by SMS.
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Neel Kashkari has wasted little time in promoting his personal brand as the new president of the Minneapolis Fed.
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When attending green finance events Euromoney has been amused and astounded by the inventive ways conference organisers can support the cause.
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Argentina’s new Macri government seems to have radically altered the country’s business and financial climate, but not everyone is necessarily benefiting.
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Bank bondholders need to hope that Kazakhstan’s authorities break their habit of allowing bank defaults.
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China is well on the way to creating a global currency, with a little help from the IMF. But what of India, the other economy set to dominate the 21st century? Will the rupee come to rival the renminbi and the dollar, or will poor planning and weak infrastructure undermine its ambitions?
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Santander Mexico’s new CEO faces the challenge of evolving a business, while his predecessor keeps watch from the boardroom.
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A cooperative bank in one of the EU’s smallest countries seems an unlikely place to find someone who wants to ‘blow up’ traditional banking. But OP’s Tom Dahlström is on the side of the disrupters.
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LatAm fixed income markets have seen a collapse in primary issuance and yields have jumped in the secondary market. But investors and bankers are pointing to a new-found maturity that augers well.
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Under Michael Wolf, Swedbank has won plaudits for the rewards it has given investors and its advances in digital banking. So what brought about the former CEO’s departure?
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Portugal’s banks are doing better than at any point since the eurozone crisis. But local bankers’ optimism is tempered by concerns over ownership issues at BPI, Banif and Novo Banco
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Timing is right for Post Bank launch, says chairman. Branch network will be bigger than Sberbank’s.
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Weaknesses in Japan and Asia will mean a flight to quality.
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Advice sought on new fund; Shoura eyes GOSI shake-up.
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QFII reforms will open up access to domestic stocks; China will have big weighting in EM index.
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Subdued supply and demand hit deal flow; More European focus at start of 2016.
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Marketplace lending ABS is following a worryingly familiar path.
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Deutsche Bank’s co-chief executive John Cryan may find the bonus obsession of his investment bankers hard to understand. He will need to keep them motivated if he is to have any chance of pulling off a hugely challenging turnaround plan for the bank, however.
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Every now and then a barometer deal comes around: one whose outcome shows the market what to expect. One such was Goodbaby China Holdings, set to be a deal that showed there was still scope to launch IPOs, even mainland Chinese IPOs, in Hong Kong, despite volatility.
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Performance varies widely; Clients still boosting allocations.
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Shift to defensive assets, oil economies give up hard-earned savings. Did they beat market downturns?
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Investors dump Deutsche after CFO funding boast; Fears spread to other bank stocks.
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The lifting of sanctions meant a stream of international banks would make their way to Iran, right? Wrong. Some banks admit they are taking the first steps on the road to Tehran. Others might be, but they certainly do not want to talk about it. And in either case, there are plenty of barriers to getting there.
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Deutsche Bank’s co-CEO John Cryan should follow the playbook of Standard Chartered CEO Bill Winters and mount a public campaign to claw back bonuses from former managers.
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One of the big recent hits to net interest income at CaixaBank has come from the removal of interest-rate floors, which had been inserted into mortgage loan contracts to protect lenders from falling rates but not fully explained to Spanish borrowers.
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John Cryan, Deutsche Bank’s chief executive, has to resolve an identity crisis that has beset the bank for 30 years.
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Isidro Fainé is the highly driven power broker who used the crisis to make CaixaBank the biggest bank in Spain. He now has to overhaul its safety net portfolio of strategic industrial stakes and better position the bank for tough times in its core business. Fainé and his chief executive Gonzalo Gortázar have made big promises to shareholders on returns. Can CaixaBank deliver?
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BNPP’s latest strategic update for its corporate and institutional bank might have fallen short of the expectations of a market now used to the wild lurches of rival European firms, but to dismiss this as mere tinkering would be a mistake. It builds on an already bold and long-held plan. And, crucially, it is one the bank’s leaders say they can afford.
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New York judge lifts injunction; market return could bring $10 billion issuance.
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Deutsche Bank has come to the end of an era. The question is whether or not it is approaching the end of its empire as well? Respected across the industry for his intelligence and integrity, John Cryan needs plenty of both to restructure Deutsche. It succeeded for years in building too large a version of exactly the wrong sort of investment bank for today’s markets. A bank that once had a clear identity in global finance is struggling to present a vision of what it will be in the future.
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Citi has confirmed it is to exit retail banking in Brazil, Colombia and Argentina in a further round of retrenchment from the region – with these latest three joining six other regional businesses sold in the past two years.
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There is no need for panic. Emerging market credit is outperforming US high yield and the investor base is stable.
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Whether they were birth pangs for a nascent asset class, or regulatory ripples, the latest woes in bank capital reveal the unresolved problems of the new bail-in regime.
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Hiring is a coup for HSBC as it tries to build on success of simplified structure in growing GBM division.
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It’s easy to blame technical factors and investors’ misunderstanding of the new AT1 market for February’s sharp sell-off across the bank sector, but investors may have a firm grasp of the fundamentals.
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With the bank’s HQ distraction now over, disappointing results have switched attention to the CEO.
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Secondary yields rise above cost of equity; bankers pin hopes on lack of alternatives.
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Subordinated debt meltdown raises capital questions; investors and issuers ‘don’t know’ how bail-in works.
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State bad debt scheme to chip not chop; BCC reform could create top-three lender.
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Thanks to tighter capital requirements and a jump in corporate issuance, the relationship between US interest rate swaps and underlying treasuries is firmly in negative territory. Get used to it.
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When Iran Air needed some Boeing spare parts before sanctions were lifted, JPMorgan took the US side of the trade. Why and how?
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No good news to tell? Then keep the releases rolling. Try to dazzle the troops with some verbiage. A bit of psychopathy can be a good thing
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Falling commodity prices have led to higher fraud claims. Banks might have to implement stronger trade finance criteria as a result.