Zimbabwe leaps into the cashless future

Zimbabwe leaps into the cashless future

By ERIC ELLIS

While most countries have adopted e-wallets and mobile banking as a result of technological innovation and evolution, Zimbabwe was forced into it because of a financial crisis.

Zimbabwe opens for business

Zimbabwe opens for business

By ERIC ELLIS

Now Mugabe is gone, one of the poorest nations in southern Africa can see the first signs of interest from international investors, but a chaotic currency regime, heavily indebted economy and looming elections are turning initial euphoria into cautious optimism.

Ramaphosa promises overhaul of South Africa’s economy

Ramaphosa promises overhaul of South Africa’s economy

By OLIVIER HOLMEY

South Africa’s new deputy finance minister took a tough stance on corruption under former president Jacob Zuma – now Mondli Gungubele talks to Euromoney about the embarrassing Zuma years and the Ramaphosa government’s plans to turn the economy around.

Nigerian banks make a mint from a crisis

Nigerian banks make a mint from a crisis

Oil prices and currency controls created opportunities for some banks, which reported bumper gains from FX and fixed income last year, but no one is expecting a repeat of that. Can lending keep them sweet?

Politics sets South Africa on a new path

Politics sets South Africa on a new path

By ERIC ELLIS

With the election of Cyril Ramaphosa, there is a new sense of optimism in the country. Bankers talk of Ramaphoria and hail the first signs of a long-overdue improvement in the economy.

Kazakhstan Belt and Road Initiative: The road to somewhere

Kazakhstan Belt and Road Initiative: The road to somewhere

By CHRIS WRIGHT

Khorgos, a new state-of-the-art port in the middle of the Kazakh desert, sums up the grand ambitions of the Belt and Road Initiative. But it is as much driven and funded by Kazakhstan as it is by China. Rather than being a white elephant, it has real implications for trade.

Bulge bracket finds slim pickings in emerging Europe

Bulge bracket finds slim pickings in emerging Europe

By LUCY FITZGEORGE-PARKER

Appetite for acquisitions in the outperforming economies of emerging Europe is booming, despite political concerns. Deal flow remains concentrated in the mid-market, however, as a shortage of opportunities frustrates would-be big-ticket buyers.

The dark heart of banks’ digital transformation

The dark heart of banks’ digital transformation

By SIMON BRADY

Banks already have the largest attack surfaces and face the widest range of attackers and attack types of any businesses. Now with their strategies dependent on rapid digital transformation, they are exposing themselves to a potentially existential threat on an ever-expanding cyber battlefield.

Cybersecurity: A different kind of banker

Cybersecurity: A different kind of banker

By SIMON BRADY

The cybersecurity challenge has forced banks to hire a new breed of professional, often from national security services. But cultural issues can make staffing a cyber team difficult

Banks lead the fight against cyber risk

Banks lead the fight against cyber risk

By SIMON BRADY

Risk management is in banks’ DNA. They have some of the largest cyber-risk management teams and budgets around – and senior management is taking the threat seriously. But are the banks secure? Can they drive cybersecurity down the supply chain?

Investors grapple with cyber risk

Investors grapple with cyber risk

By ANDREW CAPON

Fund managers understand that cybersecurity is one of the biggest threats to banks. They don’t yet have the tools to properly assess it. But if the data drought were to end, cyber-strategies could become an integral part of their investment decisions

Fintech: The cold, hard facts of bitcoin mining

Fintech: The cold, hard facts of bitcoin mining

By CHRIS WRIGHT

Soviet military bunkers in Kazakhstan and portable houses in Siberia linked up to the plumbing: Bitcoin mining is moving in some interesting directions that will become even more diverse as China cracks down on its domestic industry.

CSR: Failure not an option for First Women Bank

CSR: Failure not an option for First Women Bank

By ERIC ELLIS

Tahira Raza was among Pakistan’s pioneering FWB's first employees 30 years ago, with a mission to advance female empowerment in the country. Having returned as chief executive, she is battling to compete with bigger local rivals.

CSR: Time's up for finance's gender pay gap

CSR: Time's up for finance's gender pay gap

By HELEN AVERY

Gender pay gap disclosure has arrived in the banking industry, but a movement that aims to bring gender equality across the whole financial sector is just beginning. Euromoney speaks to some of the pioneers.

Banking: After wolves, Ireland fends off vultures

Banking: After wolves, Ireland fends off vultures

By PHILIP MOORE

The near collapse of Ireland’s banks during the financial crisis did little to endear them to the nation. Now, as they return to profitability, the banks find themselves involved in another political controversy; this time over their attempts to sell off non-performing loans.

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.