Banking is a secondary need.
Banking is a secondary need.
If you missed the US train, catch the one in China.
Efficient banks will win the digital race.
The best banking and capital-markets coverage deserves the best covers – here's a small selection of the most memorable from the past few decades.
The giant of European banking in the 1990s.
Usefulness as necessity.
Banks must continuously adapt.
People rise to the top of the agenda.
Master of the merger of the 2000s.
Making the most of being American.
The relevance of history.
Digital banking blurs boundaries.
2018: Euromoney was involved in the succession planning at Goldman Sachs and proposed a bold experiment in digital banking recruitment (from the imagination of Jon Macaskill).
1985: The era when the City of London went global (from the imagination of Jon Macaskill).
For 50 years Euromoney has provided unique stories on the biggest events in financial markets, and now we can reveal our secret – we were in the room at the time.
1998: As the 1990s came to a close, Euromoney spent time in the US with Sandy Weill and Jamie Dimon, watching as LTCM imploded and the Glass-Steagall laws were repealed (from the imagination of Jon Macaskill).
2006: In the approach to the 2008 global financial crisis, Euromoney became concerned about hidden risks and complications in the structured credit markets (from the imagination of Jon Macaskill).
2008: While the GFC raged, Euromoney had an inside view as politicians on both sides of the Atlantic tried to save the banking system (from the imagination of Jon Macaskill).
The global banking industry looks stronger and healthier than at any time since the global financial crisis.
The icon of the 2010s.
From the City desk of the Daily Mail to a park bench in New York, via conversations with the pioneers of the Eurobond market, Euromoney was the vision of its founder Sir Patrick Sergeant.
For 50 years, Euromoney has followed the vicissitudes of a continent that has moved into and out of favour with international banks and grappled with developing its own capital market culture.
Africa has long had a fraught relationship with the capital markets – can the continent put that difficult history behind it and, crucially, fund the next stage of its development?
The continent is trying to force financial inclusion at a time when international banks are leaving.
Africa has the largest number of refugees of any continent – in Uganda, many of them are economically active, while others are excluded from accessing basic banking products.
From digital banking to the retreat of international firms, the future of African finance will be determined within its own borders.
As Africa becomes embedded in the global financial and banking system, our journalists have travelled to some of the most challenging local markets to highlight opportunities – but sometimes trips don’t go to plan.
As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our May CEE focus.
Well-capitalized, liquid and digitally sophisticated, banks in emerging Europe today are far from the clunking incumbents and fly-by-nights of the post-socialist era.
From communism to unbridled capitalism, from command economy to chaos to convergence, Euromoney’s coverage provides a unique insight into an unparalleled half-century in emerging Europe.
Since 2008, rising local players have gained the upper hand over risk-averse global investment banks in emerging Europe as the flow of larger deals has declined, but that could change as regional firms start to flex their muscles on the global stage and China looms large.
Euromoney speaks to 10 key figures who shaped the development of banking and finance in emerging Europe.
Asia’s ability to adapt has made it the current engine of world growth.
The alphabet soup of multilaterals in the region has become hard to understand during the past decade, so Euromoney tries to read between the acronyms to assess what impact they will make.
Over the last 12 months, the New Development Bank has gone from concept to fully fledged lender.
As Asia’s share of world GDP and global capital increases, the trend among Asia-based banks is for regional rather than global expansion.
As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our May 2019 Asia focus.
This is the region where fintech disruption has been most potent.
The Asian financial crisis of 1997/98 was the region’s most important event during Euromoney’s 50 years of coverage – those who experienced it share their recollections and what they learned.
Five decades of Asia coverage have seen the rise and fall of Japan, the opening of China, the turmoil of the Asian financial crisis and the rocketing recovery from it, the emergence of local capital markets, and at least seven new dawns at Nomura.
In a rare interview, chief executive Lim Chow Kiat explains the investment discipline that underpins one of the world’s most influential and sophisticated funds – and his fears over the impact of a polarized political world on global investment.
International IBs pride themselves on the diversity of their business in Asia Pacific, but a bank without a decent China business in this region is nowhere.
Market veterans discuss how innovation in derivatives helped to open debt markets, hedge risk and tailor investments, before threatening the stability of the system during the global financial crisis of 2008.
The early pages of Euromoney often saw odd storms blow up, apparently out of nowhere – and one of the oddest was the short but sharp squall over Eurocommercial paper (ECP).
Few things age as ungracefully as technology, and the pages of Euromoney’s archives are a treasure trove of the weird and wonderful gizmos that banking has embraced.
When the newspapers of the day refused to publish prices from the new international bond market growing up at the end of the 1960s, Euromoney was founded to report on the business.
Capital markets banks are investing heavily in technology, partly in response to the threat from fintech disruptors but also just to keep their businesses running.
Capital markets bankers have spent much of the last five decades dreaming up products to help clients and themselves make money, but is process, which has largely taken a back seat, now becoming the battleground?
Euromoney has covered every twist and turn of the capital markets since it was launched 50 years ago.
As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our April 2019 capital markets focus.
Pricing new issues on intuition and market feel is ancient history – artificial intelligence and algorithms are setting the market price for credit, using factors and correlations humans can guess but not follow.
The LDC crisis, Black Monday, LTCM, the GFC – the past 50 years in global finance have been defined by disasters rather than successes.
In business school they teach you that rising equity markets drive increased mergers and acquisitions activity, but perhaps it is really the debt markets that have driven the booms and busts in M&A.
Big pools of private capital, led by sovereign wealth funds, private equity sponsors and family offices, now dominate capital formation in the key growth industry sectors of technology and biotech and the expanding markets of Asia.
Leveraged finance has contributed to plenty of crises over the last 50 years, and the market is bigger and deeper than it has ever been – does that make it more disciplined or more dangerous?
Recoveries, reschedulings, crises and scandal: no region’s financial markets have been as turbulent as Latin America’s over the last five decades.
Working in Beirut in 1974 was a formative experience for Padraic Fallon, the long-serving editor and later chairman of Euromoney, and since then the magazine has set the standard for coverage of this often misunderstood region.
Argentina is on a precipice, Venezuela has a humanitarian crisis and Brazil is just exiting its worst-ever recession – so far, so Latin America.
While the region has proved its economic and financial resilience in recent years, it’s time to look ahead and become competitive for whatever the next 50 years will bring, says former Colombia finance minister Mauricio Cárdenas.
After decades of trying, have LatAm’s central bankers finally steadied the ship? Mexico's Agustin Carstens, one of the monetary policy stalwarts of the region, takes stock.
Staying committed to a region where deal flow sometimes stops overnight is tough for an international investment bank.
The region’s leading banks produce some of the best numbers in the global industry, and success in retail banking – and a hard-learned approach to risk management – are core; could the growth of digital banking bring a new era of change?
Since Roberto Setubal became chief executive of Itaú Unibanco in 1994, the bank’s growth has been spectacular – but the next stage is harder to target.
Less than five years after Euromoney began, the Arab oil embargo gave international finance a shot in the arm and provided an extraordinary windfall to the Gulf, but as the oil boom has repeatedly turned to bust, commodity cycles have laid bare the vacuity of the region’s diversification programmes.
Over 50 years, leaders of Middle East financial institutions have steered their businesses through very good and very bad times, including oil price crashes, rampant property and stock speculation, and war.
For nearly two decades Dubai has acted as the beating heart of Middle Eastern finance, but now its long-dormant rivals are mounting successful efforts to reclaim a piece of the action.
The region’s banks used to be small, local and low-tech – many still are – but in the future they will be altogether different beasts.
War and revolution have shaped the Middle East’s recent history and have left their mark on the banking sector.
Islamic finance has come a long way over the past few decades, maturing into a $2.4 trillion industry, but some long-term problems remain and the recent wrangle over a Dana Gas sukuk shows credibility is still an issue.
The final report of Australia’s Royal Commission into misbehaviour in financial services had plenty of blood and thunder, and has already brought down the top executives of National Australia Bank, but it doesn’t bring the promise of lasting reform.