October 2018

October 2018

MUFG's Nobuyuki Hirano: Japanese banking's greatest hope

Nobuyuki Hirano is the world’s most recognized and most respected Japanese banker – and the chief executive of MUFG is an articulate voice on the demographic challenges facing Japanese banking and society. He believes he has charted a path through those challenges and is an internationalist in outlook. His aim is to make MUFG the world’s most trusted financial institution. Can he succeed?

Top Stories

US regional banks weigh scale as predators circle

US regional banks weigh scale as predators circle

By increasing the size at which a US bank is deemed to be systemically important to $250 billion, the Trump administration has unleashed a wave of merger activity among the country’s regional banks. This is the fervent hope of the investment bankers waiting to do the deals, but the reality might turn out to be rather more complicated than that.

Do you believe in life after Libor?

Progress has been made on possible replacements for Libor as a reference rate for financial instruments. But they don’t all have the market thrilling to the prospect of a Libor-less world.

The cash management conundrum

There are only two truly global, fully fledged cash management banks today, but the digital arms race in transaction services gives far more banks the opportunity to be world class.

Banking

Santander brings shock and Orcel

Santander brings shock and Orcel

A new CEO at the Spanish group was not expected, and neither was the name of the appointee. What will Andrea Orcel bring, and why did chairman Ana Botín turn to him?

The carrot and stick that completed Iceland’s banking resolution

Part two: The fallout from Iceland’s banking crisis rumbled on for seven years. Members of the task force set up to deal with seemingly insurmountable problems arising from creditors – chiefly aggressive hedge funds – reveal the inside story of how, from a position of disaster, a lot of parties ended up in one of relative triumph.

Private equity

Investment banking

Regulation

Regulation: Mifid II starts to bite

Regulation: Mifid II starts to bite

As Mifid II beds down, its impact on the global fixed income research industry is already being felt. There are clear signs that investors are less reliant on research and are using fewer providers than before. As they start to cut costs to implement their own research budgets, providers must ensure that they are getting good value for money.

Capital markets

Asia Pacific

Indonesia financial inclusion: GoJek’s metal ignition

Indonesia financial inclusion: GoJek’s metal ignition

GoPay is southeast Asia’s answer to Ant Financial. Its CEO comes with a background in the most micro level of finance: empowering village housewives to buy things to cook with. How will he build a business backed by the biggest names in global private equity?

Taiwan banking: E.Sun aims for the stars

It is unusual for a Taiwanese bank: owned by foreign institutional investors rather than bankrolled by a tycoon or controlled by the state, it’s also on a roll, investing heavily in digital and expanding fast around Asia… but can it last?

Middle East & Africa

Africa

SocGen and Absa mull CIB tie-up

SocGen and Absa mull CIB tie-up

Partnership could replace broken Barclays links; follows rumours of sale of Société Générale South Africa custody unit to Absa.

Comment

Columns

Debate

Asia private banking debate: Great opportunities in Asia

Asia private banking debate: Great opportunities in Asia

Asia offers a unique client set of young entrepreneurs; it also offers the challenge of new generations inheriting wealth with different expectations from their predecessors. That is a great opportunity, but it requires private banks to be nimble, thoughtful and technologically adept.

Front End