February 2018

Fintech: Up bit creek

A bitcoin conference on a Thai beach, part of a cryptocurrency cruise, is quite a thing. Libertarian in outlook and cool in attendee, these are bitcoin’s true believers. But as the price of bitcoin tumbled in January, why were they still partying like it’s $19,999?

How Bessant helped boost Bank of America’s bottom line

With just under half of Bank of America’s staff reporting to her, Cathy Bessant is one of the most powerful people in banking. She sees technology now developing faster than banks’ ability to implement it – or work out what to do with it – and believes cyber security to be the most important challenge of all.

Gail Kelly keeps up the pressure

As chief executive of Westpac, Gail Kelly was a trailblazer for women in finance. She learned the hard way about the battle for equal pay. Now she is trying to use her experience to encourage others.

Surveys and Awards

Comment

Banking

Italy banking: How Carige beat the clock

Italy banking: How Carige beat the clock

Banca Carige pulled off a recapitalization last December that even chief executive Paolo Fiorentino thought difficult. It raised more than four times its market cap, just ahead of an ECB deadline. Euromoney asks how he did it and how the bank can reward its investors.

Corporate finance

Regulation

Capital markets

The banks aiming to beat the equities blues

The banks aiming to beat the equities blues

Equities is a business where only the top handful of banks traditionally make money. It is also a sector with shrinking volumes and revenues. So why are two banks outside the top tier – Citi and HSBC – trying to boost their franchises?

Fintech

Asia totters on its cryptocurrency stance

Asia totters on its cryptocurrency stance

The region is a vital part of the world crypto community, mostly as investor and miner. But Korea and China have turned against virtual currencies, though Japan, despite recent setbacks, may have the answer.

Asia Pacific

What China’s new Basel standards will mean for banks

What China’s new Basel standards will mean for banks

China’s latest effort to curb shadow banking involves applying Basel standards on banks: they must disclose far more of their exposure to previously unidentified counterparties. It’s good for the industry, but what does it mean for individual mainland banks?

Emerging Europe

Restructured Renaissance Capital picks its battles

Restructured Renaissance Capital picks its battles

A cost-cutting drive and a dearth of deal making at home have made for a turbulent few years at RenCap. But now the Russian economy is recovering, the investment bank is rediscovering its appetite for expansion – at home and abroad.

Foreign Exchange

Why the FX pool is still hard to navigate

Why the FX pool is still hard to navigate

The forex market may have had a quiet 2017 with no big market dislocations, but liquidity is not as deep as it once was, while the buy side is becoming more discerning, driving changes in trading behaviour.

Columns

Sideways: Goldman’s hidden losses

The recent disclosure that rare wine worth more than $1.2 million was stolen from Goldman Sachs co-president David Solomon, allegedly by a personal assistant, raises questions about which other Wall Street titans may have suffered the indignity of losses they would rather not discuss.

Front End

Russia banking: The Yugra illusions

On a recent visit to the Russian central bank on a wintry day, Euromoney’s eye was caught by a chap holding a large and surprisingly professionally produced billboard.