A corporate bank for Europe’s corporates

The plan is to set up a multinational bank sponsored by corporates that will lend to those corporates – along the same lines as the co-operative Genossenschaftsbanks in Germany or Rabobank in the Netherlands.

About Zhou Xiaochuan

Zhou Xiaochuan is governor of the People’s Bank of China (PBC) and a member of the Chinese Communist Party Central Committee.

Rogue trader scandals: roll-call of shame

With the arrest of UBS’s Kweku Adoboli on a charge involving $2 billion of losses accumulated from unauthorized trades, Euromoney takes a quick look at some of the largest rogue trader scandals to hit the headlines.

IFC: from food to farm

While much of the financing needed to support sustainable production of agriculture will come from commercial lenders and investors, another important group is the multilaterals.

Banamex – Citi’s Latin American super-model

During the 2008 crisis, when Citigroup was accepting its bailout from the US government there were rumours circulating around Latin America that the bank would be forced, for either regulatory or capital-raising reasons, to sell Banamex.

Lebanon’s lost opportunity

The economy has been brought to a near standstill by domestic and regional political turmoil, but the country’s banks report rising deposits and profits and feel they can ride out the crisis.

Europe’s smaller banks face a long goodbye

While regulators’ attention has focused on those that are too big to fail, the financial institutions in Europe that face the sternest challenge might be those that are too small to get funding from investors.

Egypt: Banking on a revolution

Egypt’s top bankers took extreme measures to ensure that the country’s financial infrastructure did not break down as the Mubarak government fell.

Banks have not learnt lessons on risk management

It is clear that the banks that paid huge sums to financial engineers to fill their balance sheets full of toxic waste stopped digging their way into that hole rather quickly after the shock of 2007 and 2008 and have spent the time since trying to dispose of assets and garner the financial wherewithal to write down or at least reserve against those they can’t sell.

Europe: The single-currency grand bargain has to be re-made

If Europe’s sovereign debt problem is heading to a decisive crisis moment, it seems that it must resolve itself either through some form of greater fiscal union or a break-up of the single currency that, if disorderly, could easily be even worse for the global financial system and economy than the aftermath of the Lehman bankruptcy.

Economy: Policymakers have run out of tools to boost economies

These requirements to prevent an economic crash highlight a second new aspect of the fear of a double dip now gathering among investors: that developed-world economies are close to stalling at a time when policymakers are close to running out of tools to support them.

Banks: Contagion threatens still-vulnerable banks

When Bank of America’s share price collapsed last month, most equity analysts blamed the sell-off on investors taking fright at the prospect of a double-dip recession in the US that might further impair damaged housing assets on the bank’s balance sheet that it might not have adequately written down yet.