January 2011

Top stories

Mike Geoghegan: the final interview

Mike Geoghegan: the final interview

In his final interview as chief executive of HSBC, the bank he served for almost 40 years, Mike Geoghegan answers the questions that matter. Did he jump or was he pushed? Should HSBC remain supervised and headquartered in the UK? What happened to the Nedbank takeover? Will the bank list in Shanghai? And he reflects on a stellar career that mirrored the globalization of banking, and in which he was forced to deal with many financial crises.

Sovereign debt

EU sovereign debt: Bondholders should bite restructuring bullet

The EU’s European Stability Mechanism will make last resort funding for distressed sovereigns conditional on restructuring their debts. However, some restructuring specialists argue pre-emptive involvement with private sector creditors is the cheapest solution for all concerned. Hamish Risk reports.

Asia Pacific

Best managed companies in Asia 2011: Asia’s finest pull themselves together

Asia’s best-run companies are taking advantage of strong domestic growth to integrate and expand, while the tough global environment distracts their peers. Chinese and Indian companies are leading the charge. This year’s Euromoney best-managed companies in Asia survey highlights some of the region’s world-beaters. Lawrence White reports.

Emerging Europe

Romania: Retail defaults put banks in jeopardy

As much as bankers complain about politicians, the country’s biggest problem might be the banks themselves. Whoever is to blame, financial collapse could be just around the corner. Dominic O’Neill reports.

Emerging Europe: Banks assume the recovery position

Western bankers have paid a heavy price for their expansion into the further reaches of central and eastern Europe yet the region still offers potential for growth. With recovery on the way, will banking groups be able to resist making the same mistakes again? Lucy Fitzgeorge-Parker reports.

World Economic Forum

Western Europe

Basle III: Denmark hits a covered wall

Basle III has been agreed and rubber-stamped in a remarkably short time. It might make the banking system more robust, but it has also ridden roughshod over some markets with near flawless reputations. One of them is Denmark, whose covered bond market is under threat. Hamish Risk reports

Transaction banking

CEE plays catch-up on cash management

Central and eastern Europe is not a single entity when it comes to cash management. EU members in the region are committed to the union’s payment principles. By contrast, Russia and other non-EU states have much more ground to make up. Laurence Neville reports.

Cash management debate

Trade finance

Foreign exchange debate

Banking news

Markets news

Asia news

Sovereign borrowing: JGBs wobble over 2011 fears

Observers of the Japanese government bond market are sounding a note of caution at the start of this year, amid concerns that the domestic investors that have propped up the market for so long might finally lose their nerve.

Latin America news

EEMEA news

Market leaders

Columns

Editor's letter: China’s day of reckoning

Last month, Euromoney attended a reception celebrating a landmark anniversary for one of China’s leading financial institutions. The event was held in an historic London building and was attended by several dignitaries and luminaries of the investment world.

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