Total losses from the credit crisis amount to $1.8 trillion, much of that suffered by buyers of supposedly low risk structured credit securitizations that turned out to be garbage.
In the first part of this roundtable on cash management, Euromoney looks at the increasing expectations from corporates of what cash management banks should offer.
Foreign exchange traders are getting used to huge volatility in their two core markets – the euro and the dollar.
Analysts nominate top companies in each Asian country or sector they cover, bearing in mind market strength, profitability, growth potential and quality of management and earnings.
Western bankers have paid a heavy price for their expansion into the further reaches of central and eastern Europe yet the region still offers potential for growth.
The two countries will not be able to sustain their export-led growth policies while inflation is boosted by QE II.
Basle III has been agreed and rubber-stamped in a remarkably short time.
The ousting of long-time mayor Yury Luzhkov could pave the way for the sale of a number of prime assets owned by the Russian capital’s administration.
Magnus Böcker has had a string of successful securities exchange mergers.
Central and eastern Europe is not a single entity when it comes to cash management.
The president of the EBRD tells Sudip Roy why adopting the euro is still the best option for central and eastern Europe’s EU members.
As much as bankers complain about politicians, the country’s biggest problem might be the banks themselves.
Asia’s best-run companies are taking advantage of strong domestic growth to integrate and expand, while the tough global environment distracts their peers.
The Principles for Stable Capital Flows and Fair Debt Restructuring were agreed in 2004 between big sovereign issuers and leaders in private finance and subsequently endorsed by the G20 ministers in Berlin in 2004.
The EU’s European Stability Mechanism will make last resort funding for distressed sovereigns conditional on restructuring their debts.
As chief executive of HSBC, Mike Geoghegan had a ringside seat at the biggest ever global financial crisis.
In his final interview as chief executive of HSBC, the bank he served for almost 40 years, Mike Geoghegan answers the questions that matter.
An entrepreneur at heart, and with a stint as a girls’ dress shop owner already under his belt, the teenage Geoghegan had his sights set on pursuing a business degree at University College Dublin before a job offer as an HSBC trainee manager threw him off course.
Competition is intense in trade finance banking while the funds banks need to engage in it are harder to raise, reducing margins.
The rapid expansion of trade both between and within emerging market regions is an opportunity as well as a challenge.
Citi, which has once again been ranked first globally in Euromoney’s trade finance survey (with almost double the number of points as second placed Deutsche Bank), dominates the industry.
Basle III has been flagged as perhaps the most important development in the recent history of trade
Pricing in trade finance – which is driven primarily by the cost of liquidity and the cost of risk – has had a rollercoaster rise in the past two years.