North America

Investment bankers hope for an autumn thaw after a spring freeze.

Is former ECB chief Jean-Claude Trichet the real villain of the piece?

Banks and non-banks are battling for market share in a property market that finally seems to be slowing down in the face of multiple headwinds.

Strategic tensions as much as short-term underperformance brought about BAML investment banking head Christian Meissner’s departure, but the corporate and investment bank remains in a strong position

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.

When will the much-hyped M&A boom in the regional US bank sector become reality?

Regional banks in the US are posting record capital markets income, putting them in a strong position to fend off challenges from bigger firms.

Following a recent warning from the US Federal Bureau of Investigation (FBI) that banks were facing the possibility of an imminent global cyberattack targeting ATMs, banks are being urged to review the operating systems used to run the machines and the security measures in place to detect and prevent cybercrime.

Vancity is the largest credit union in Canada, but by 2007 it was acting like a commercial bank – yet now, after steering every part of the business back to being mission-based, it is delivering record profits, lower risk, new membership and improved employee engagement. Has it shown that the ‘triple bottom line’ of people-planet-profit can be achieved?

Any important new market needs its innovators, cheerleaders and pioneers… As banks try to build more responsible and sustainable businesses, these are the champions of impact banking at 10 of the world’s biggest firms. From green and blue finance to financial inclusion and social banking, they are leading the way and setting an agenda for others to follow.

From the United Nations and the European Commission to customers and shareholders, the world’s banks face increasing pressure not only to consider their broader role in society but also to take actions that have a positive impact on it. There is no doubt that most chief executives take this challenge seriously. Whether they take it far enough remains to seen.

Without a robust mechanism for handling chargebacks, merchants will continue to face sizeable losses from both misguided and malicious fraudulent claims.

Citi is mostly playing catch-up with its new corporate and investment banking (CIB) structure: it makes obvious sense, but despite coming later than many rivals it is still a work in progress.

New efforts to execute equity transactions on blockchain are emerging, for now concentrated in private equity, as disruptors seek to build investor and regulatory confidence in security tokens.

As the 10th anniversary of the failure of Lehman Brothers arrives, I have been asked to share my reminiscences of when I realized a global credit crisis was looming and why so many senior financial figures ignored my warnings.

August, typically a slow month for capital markets, was a fruitful one for alternative reference rates (ARRs) to Libor.

Delusional clients are complicating the business of collecting fees for advising on mega trades for customers such as Saudi Aramco and Tesla.

With appreciation of the merits of dynamic discounting continuing to grow, attention has turned to the extent to which banks are committed to supporting this growth and how to maximize the value of the data generated.

Traders have been staying away from the Turkish currency this year as they watched a steady decline in its value against the dollar, but the recent deterioration of relations between Turkey and the US sent the currency spiralling into a full-blown crisis.

Undeterred by the SEC’s recent disapproval of bitcoin ETFs or cryptocurrency price falls, Circle is intent on building a framework for the tokenization of finance with its stablecoin as the next big step.

Regulatory change, cost pressures, advances in technology and more-demanding customers: treasurers have a lot on their minds, but artificial intelligence (AI) is here to help.

The smooth chief executive transition at Goldman Sachs will increase scrutiny on the potential succession to Jamie Dimon at JPMorgan.

If JPMorgan CFO Marianne Lake becomes the banker most likely to succeed Jamie Dimon as chief executive before mysteriously deciding to pursue interests outside the group, she will be in good company.

Retail investors are pulling out of ETFs – or are they?

Stock coverage to double, says partner; hiring spree turns to the US.

Just ten years after the crisis, banks' confidence about regulatory easing is worrying

US asset manager sets sights on Germany with new direct lending fund.

Rules-based order routing (RBOR) has become a useful tool for achieving increased trading efficiency, although it does not automatically guarantee best execution.

The case for smaller deals is clear, but pressure is building higher up the food chain as well.

The Royal Bank of Canada is appealing a judge’s scathing verdict that it sacked a former trader in London for blowing the whistle on lax compliance, citing a ‘robust compliance culture’.