Santander’s 2010 acquisition of a 70% stake in Poland’s Bank Zachodni put it in a strong position in Europe’s most resilient economy.
Brazil’s wealthy have traditionally based their investments on products tapping the country’s high interest rates.
Europe’s commitment to environment-friendly energy projects is being undermined by financing constraints springing from the economic downturn, the sovereign debt crisis and a capital-strapped banking system.
The cleantech energy sector faces a double whammy.
The precise impact on Asian markets of the eurozone’s troubles is as yet a matter for debate.
With a bleak economic outlook and business models that look outdated, a shake-up is necessary among Italian banks.
Long-term hedging put in place before 2007 has become an extremely expensive problem for banks looking to sell down their real estate exposure.
Just when you thought banks’ reputations couldn’t get any worse, their standing collapses almost completely.
Prime brokerage revenues are under pressure but increasing investor appetite for hedge funds means that staying in business is a priority.
For fee-hungry global investment banks, Asian debt capital markets seem to be an earnings dream.
Country risk analysts saw increased risk in all of the world’s main economic/geographical regions during the first six months of 2012, according to the Q2 2012 results of Euromoney’s Country Risk Survey.
African sovereign risk perceptions have increased, partially reversing the region’s gains in 2011.
Economists’ continued concerns about the political and economic health of the region has seen it lose 0.9 points this year, with Syria’s implosion the largest score driver.
Confidence in the world’s emerging powerhouses of Brazil, Russia, India, China and South Africa (Brics) has waned.
Concerns about the eurozone are increasing pressure on other EU member states and non-members in Central and Eastern Europe.
In total, 21 of Asia’s 32 countries have undergone a trend decline in risk during the last six months.
Declining sentiment toward 13 of the 20 LatAm sovereigns – among them Argentina, Brazil, Chile, Mexico and Venezuela – has negatively affected Latin America’s risk profile in spite of domestic improvements in Peru and Uruguay.
In total, 78 of the 186 sovereigns in ECR’s Q2 2012 country risk survey have experienced increased political risk since the start of 2012, while 76 have undergone improvement.
For his highly successful tenure as head of the leading emerging markets bank, as well as his thoughtful interventions on the future of the industry, Peter Sands must rank as one of the best bankers of his generation.
The country isn’t facing the same problems as its European neighbours.
Deutsche Bank has grown from being a top-three global markets trader into a top-three global corporate finance house as well: a powerful combination whose architect, Anshu Jain, now hands over to two successors to guide through its most testing period.
All Spanish banks have been dragged down by their home country’s financial crisis.