US equities exchanges: If you can’t beat them, join them

US equities exchanges: If you can’t beat them, join them

By LOUISE BOWMAN

Tired of paying what they view as exorbitant fees to the incumbents, some large US brokers, banks and financial services firms have now decided to take the US equity exchanges on at their own game. The names involved and the amount of order flow that they now control mean that – this time – MEMX could just work.

Hungary’s MKB restructures around digital

Hungary’s MKB restructures around digital

By LUCY FITZGEORGE-PARKER

Can the combination of core banking system replacement and a pioneering fintech programme help re-privatized lender MKB Bank leapfrog its rivals in the Hungarian market in the race for technological supremacy?

How digital is transforming CEE banking

How digital is transforming CEE banking

By LUCY FITZGEORGE-PARKER

Banks in emerging Europe have long outperformed many of their western peers in the race for digitalization – now a handful of pioneers are taking it to the next level and using technology to transform the banking landscape across the region.

Wealth management: The Next Generation

Wealth management: The Next Generation

By HELEN AVERY

The last 20 years of private banking have been all about building scale, international growth and professionalization; the top wealth managers are still getting bigger and are confident they have the right model – but as they struggle to maintain quality of service under pressure on revenues, new specialists are emerging.

Women in private banking: Why we need a new normal

Women in private banking: Why we need a new normal

By HELEN AVERY

Wealth management was built by men for men. Now that women will become the largest beneficiaries of the $30 trillion intergenerational wealth transfer, the industry needs to overhaul itself. If it doesn’t, it will be letting down more than just its female clients.

From private bank client to farmer: a Chinese model of social lending

From private bank client to farmer: a Chinese model of social lending

By CHRIS WRIGHT

Financial services group CreditEase runs an app through which its private banking clients can be connected to needy women farmers in China’s rural interior. It’s a remarkable initiative taken up by 200,000 farmers and shows what can be done with low-level credit. But how does the risk management work?

Private banking: Who stays in Asia, wins in Asia

Private banking: Who stays in Asia, wins in Asia

By HELEN AVERY

For many private banks that set up in Asia in the last decade, the cost of doing business kept them locked out of the vast expansion of wealth in the region; those that didn’t leave are settling into a more mature industry, but they are a long way from being able to relax.

fROM THE ARCHIVE

Fintech: Up bit creek

Fintech: Up bit creek

By CHRIS WRIGHT

A bitcoin conference on a Thai beach, part of a cryptocurrency cruise, is quite a thing.

The Euromoney 25

The Euromoney 25

Euromoney assesses the performance of 25 banks from around the world in a new series of progress reports

ESG: the stewardship revolution

ESG: the stewardship revolution

By HELEN AVERY

The 2017 US proxy voting season was historic: the world’s two largest asset managers backed shareholder resolutions on climate-risk disclosure.

Can finance save the world’s vulnerable nations?

Can finance save the world’s vulnerable nations?

By CHRIS WRIGHT

There are so many challenges related to climate change, so many disparate actors required for their remedy and so much money required to do it, that it is tempting to see the whole situation as unfixable.

Making sense of Belt and Road – What it means for banks

Making sense of Belt and Road – What it means for banks

By CHRIS WRIGHT

China’s Belt and Road Initiative is so vast and ambitious it can be difficult to understand how it will all work in practice – what makes a BRI undertaking, how will they be funded, will they be trophy projects or on commercial terms, how are they originated? – so Euromoney spoke to 16 institutions all looking at BRI from their own different perspectives.

Fintech 2016: The fintech revolution gathers momentum

Fintech 2016: The fintech revolution gathers momentum

By PETER LEE

After a record year for fund raising, large fintech companies are now emerging in marketplace lending and payments, with many more newcomers deploying venture capital money raised in $25 million to $50 million chunks to transform capital markets and traditional banking mainstays such as mortgage lending.

BNP Paribas breaks cover as Europe’s best bet

BNP Paribas breaks cover as Europe’s best bet

By MARK BAKER

BNPP’s latest strategic update for its corporate and institutional bank might have fallen short of the expectations of a market now used to the wild lurches of rival European firms, but to dismiss this as mere tinkering would be a mistake.

Barclays' identity crisis

Barclays' identity crisis

By PETER LEE

One year on from its big restructuring announcement, Barclays is still struggling to convince that it has found the right model.

The week Wall Street went into meltdown

The week Wall Street went into meltdown

By PETER LEE

In the week of August 13 participants in the financial markets – credit traders, equity investors, heads of repo desks, hedge fund managers, risk controllers, originators and capital markets bankers, credit strategists, treasurers, chief financial officers – began to lose faith in the financial system itself.

Have Wall Street banks gone subprime at the wrong time?

Have Wall Street banks gone subprime at the wrong time?

By ALEX CHAMBERS

Wall Street is praying that the US economy will land softly now that the Federal Reserve has pricked the housing market bubble, because it will be bad news for mortgage origination if house prices stall for long or, even worse, fall.