Over the last two years, Bank of America has been overhauling its low-to-moderate income business, redesigning branches and products, improving employee retention and working with community partners, but will the bank get the credit its actions deserve?
Scandals and losses are ending the co-dependency between European banks and retail shareholders, highlighting the conflict of interest in relying on depositors for capital – and showing up a barrier to Europe’s new bail-in framework.
Long years of losses and scandals, and now new regulation, spell a break-up with European banks’ bedrock of support in their retail investors, who have often been their own clients.
A string of jumbo strategic corporate deals made 2018 one of the busiest years ever in M&A, but falling equity markets, slowing economies, rising debt costs and geopolitical uncertainties have now dimmed the outlook severely.
While others race for scale in the region, Société Générale has become the first of the big regional groups to dismantle its network voluntarily.
A new, unique end-to-end transaction reference is a big step forward in tracking cross-border payments, identifying hidden costs and improving payment speeds.
Sweden’s Handelsbanken was the perfect antidote to investors burned by the pre-2008 bubble, but investors are no longer so enamoured of its consistent strategy.
Analysts are reflecting uncertainty over the fallout for Goldman Sachs from the 1MDB affair, but with the stock taking a rare tumble below book value, markets seem to be pricing in much more bad news to come.
Bulk up, or leave it to those with the finances and the commitment to the region to see if they can make a success of it.
There's one way to get to the top – rubbish those who came before you.
The Italian bank has bought some time with the ECB, but what it really needs is a white knight.
Mettle starts digital-bank spawn from leading UK lenders; new IT system to enable more user-friendly design.
Investors worry that volatility in Italian government bond prices may leave some Italian banks needing to raise capital just as the markets close to them.
Large numbers of domestic retail shareholders mean that public ill-will in Spain hurts Santander and BBVA just as much as other more domestic-focused lenders.
Credit Suisse’s CEO says his firm stands out in Europe: the numbers suggest he’s right
UOB responds with announcement of Grab alliance.
The recent decision to keep a mortgage-tax burden on clients rather than banks hasn’t improved the longer-term regulatory environment for Spanish lenders – or their own image.
Central bank taking further action to lower credit costs through competition; Banco Inter’s post-IPO growth shows digital banking opportunity.
Stress test results are meant to reassure on bank resilience, but they no longer seem to address banks’ key risks.
More than six months after the updated directive was implemented, its effects on research provision are becoming clearer.
The formation of First Abu Dhabi Bank, widely viewed as a success, has sparked a series of merger announcements.
Santiago Peña helped secure Paraguay’s relentless upward trajectory while minister of finance – now he has switched to the private sector and has the perfect perspective to judge the outlook for the Mercosur countries.
Five years ago it was a niche player specializing in consumer loans for the elderly – today Sovcombank is one of Russia’s largest privately owned banks, with a clutch of new shareholders from China and the Gulf.
When president Macri’s finance team settled with the bond hold-outs and re-opened Argentina to the capital markets, the good times rolled.
They are used to dealing with a crisis, but they can usually see one coming.
Asset management is one of the few opportunities European banks have for growth and good returns, but regulation is challenging the captive market and margins are falling.
The charge sheets against former Goldman Sachs employees also appear to identify a senior figure who is still at the bank; they also spell out the circumstances of Goldman’s 1MDB bond mandates in uncomfortable detail.