Over the last two years, Bank of America has been overhauling its low-to-moderate income business, redesigning branches and products, improving employee retention and working with community partners, but will the bank get the credit its actions deserve?
While others race for scale in the region, Société Générale has become the first of the big regional groups to dismantle its network voluntarily.
Even as the most infamous cryptocurrencies crashed this year, new ones were already emerging, designed to peg their value to fiat currencies.
The formation of First Abu Dhabi Bank, widely viewed as a success, has sparked a series of merger announcements.
Santiago Peña helped secure Paraguay’s relentless upward trajectory while minister of finance – now he has switched to the private sector and has the perfect perspective to judge the outlook for the Mercosur countries.
Five years ago it was a niche player specializing in consumer loans for the elderly – today Sovcombank is one of Russia’s largest privately owned banks, with a clutch of new shareholders from China and the Gulf.
Asset management is one of the few opportunities European banks have for growth and good returns, but regulation is challenging the captive market and margins are falling.
GoPay is southeast Asia’s answer to Ant Financial.
Progress has been made on possible replacements for Libor as a reference rate for financial instruments.
Part two: The fallout from Iceland’s banking crisis rumbled on for seven years.
Banks have found it hard to lend to Mexico’s large SME segment, but persistence is beginning to pay off for those with the requisite focus – and skills.
As Chinese bond markets are set to be included in indices for the first time, a big change is coming to the global financial system.
Impact investing would seem an unlikely business for avaricious private equity funds.
By increasing the size at which a US bank is deemed to be systemically important to $250 billion, the Trump administration has unleashed a wave of merger activity among the country’s regional banks.
Regional banks in the US are posting record capital markets income, putting them in a strong position to fend off challenges from bigger firms.
Neal Cross brought a range of unusual experiences to his job as chief innovation officer at DBS, one of the world’s most impressive banks for digital ideas.
Islamic finance has become too focused on getting arcane structures to be technically Shariah compliant, but a new initiative in Malaysia attempts to make Islamic finance socially positive once more – and to measure its success.
The transition to capitalism has brought prosperity to much of emerging Europe but left large sections of society struggling to catch up – now Austria’s Erste Group is going back to its roots to bring prosperity to the region through social banking.
Vancity is the largest credit union in Canada, but by 2007 it was acting like a commercial bank – yet now, after steering every part of the business back to being mission-based, it is delivering record profits, lower risk, new membership and improved employee engagement.
Over 20 years after microfinance first arrived in Kyrgyzstan, the largest players are transforming into banks to lower funding costs and increase financial inclusion.
Triodos Bank is probably the most sustainable bank in the world.
Any important new market needs its innovators, cheerleaders and pioneers… As banks try to build more responsible and sustainable businesses, these are the champions of impact banking at 10 of the world’s biggest firms.
From the United Nations and the European Commission to customers and shareholders, the world’s banks face increasing pressure not only to consider their broader role in society but also to take actions that have a positive impact on it.
The Tropical Landscapes Finance Facility aims to source projects that transform lives and environments, and to securitize the project loans into bonds that will be sold to investors through the MTN markets.
Can Kazakhstan create an international financial centre in the middle of the steppes or is it just the latest central Asian pipe dream?
Saad Azhari has quietly ushered in a new era at Blom Bank.
It took an outsider to turn around Credit Suisse, to force executives and shareholders to accept that they had been following a false dream of a trading-dominated business that could somehow avoid blow-ups and produce acceptable returns.
The old charges against Citi’s wholesale banking division no longer apply.
Having stabilized the bank after the financial crisis, Bank of America’s management conceived a simple plan for its future: maintain a diverse set of businesses but deal with less risky customers; provide them with fewer, simpler products; automate for efficiency; and then grow by doing more for these customers.
Before taking the top job at the Philippine central bank, Nestor Espenilla Jr was known for his toughness on financial crime – now he says he is enabling the banking system to go from strength to strength… providing it sticks to the rules.
Kevin Rodgers gives his personal views on the trial and conviction of FX banker Mark Johnson and its ramifications for global markets.
As the oceans reach a crisis point, private capital must be deployed to fund sustainable solutions.
Managed marine protected areas are an effective tool in coastal ocean conservation.
In April Philippine president Rodrigo Duterte took a characteristically drastic step.
Private-sector investors are taking their first tentative steps into sustainable fisheries projects.
With a spike in volatility and the opportunity to consign conduct issues to the past, this might have been a turning point for global FX, but faced with a range of challenges, many market makers are retreating to core competencies.
…if you’re big, fast or specialized in modern foreign exchange.
As cities around the US see populations increase, so the smaller banks that serve low- to moderate-income urban families are being squeezed out.
Banks already have the largest attack surfaces and face the widest range of attackers and attack types of any businesses.
Tahira Raza was among Pakistan’s pioneering FWB's first employees 30 years ago, with a mission to advance female empowerment in the country.
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.
The blueprint for BNDES is for a development bank that partners with the private sector to facilitate more socially beneficial projects while using less capital.
The plight of the unbanked in the US’s poorest regions is a modern-day scandal in the world’s richest nation.
February’s bout of extreme volatility in financial markets is likely to herald the end of the easy credit era.
Collect everything and store it for ever, or only collect some data and destroy it as soon as possible? That is the question facing bank compliance officers struggling with Mifid II
The forex market may have had a quiet 2017 with no big market dislocations, but liquidity is not as deep as it once was, while the buy side is becoming more discerning, driving changes in trading behaviour.
While other parts of finance splinter and specialize, in wealth management it looks like bigger really does mean better: UBS wins Euromoney’s Private Banking 2018 survey yet again and the big global franchises continue to take the lion’s share of the industry.
…and how wealth management can have a brighter future.
A bitcoin conference on a Thai beach, part of a cryptocurrency cruise, is quite a thing.
The impediments to providing more trade finance to emerging-market clients are well known, but that does not make them any easier to overcome.
For the banking industry, 2017 was a time of trying finally to resolve issues of the past and avoid new mistakes, yet dig beneath the surface and it was also 12 months of intrigue and, sometimes, farce.
Euromoney assesses the performance of 25 banks from around the world in a new series of progress reports
Without fanfare, BNP Paribas is building its network among UK corporate clients.
After a surprise move to make reports more transparent in the US, investors will finally have the chance to scrutinize some auditors’ decisions
Marisa Drew has gone from being one of Credit Suisse’s most senior investment bankers to overseeing the Swiss group’s new global impact finance and advisory division, reporting directly to group chief executive Tidjane Thiam.
The 2017 US proxy voting season was historic: the world’s two largest asset managers backed shareholder resolutions on climate-risk disclosure.
Nordea is the biggest and most-diversified Nordic bank and has attributes for which Nordic lenders are admired.
A pair of multibillion-dollar bank bailouts in under a month has roiled Russia’s banking sector and raised questions about the regulator’s competence – Dmitry Tulin, the central bank’s new head of banking supervision, insists such criticism is misguided.
India’s biggest fintech has doubled its user base in a year and is on track to have 500 million customers by 2020.
As retail and high net-worth investors embrace cryptocurrency, delta one synthetics allow institutionals to allocate to this new asset class, but sceptics say that cryptocurrency is an immature market.
An investment company linked to one of Iran’s largest investment banks failed to publicly disclose its focus on Iran when it listed on NEX Exchange, though it always intended to invest primarily in that country.
David Miliband, head of the International Rescue Committee, and Jim Cowles, CEO for EMEA at Citi, discuss exclusively with Euromoney how finance can help the refugee crisis at the launch of an initiative.
While foundations may be known for their giving, their investment portfolios lack creativity when it comes to solving environmental and social challenges.
Delegates at this year’s IMF/World Bank meetings are managing to look beyond macro concerns to present a more upbeat tone.
The firm has invested heavily in its GTS offering in recent years – this year’s rankings see it rise on a tide of high customer satisfaction with its suite of new products.
The 20-year-old investment bank has jumped up the advisory league tables thanks to high-profile hires from top firms.
After years of discussion and an agonizing wait for regulatory approval, HSBC’s securities joint venture in China – the first to have majority foreign control – is approaching launch.
As jitters about the future of high-street retail in the US and beyond prompt property investors to pare their exposure to the sector, Brookfield Property Group, one of the world’s largest, is busy ramping up.
Investment in logistics assets is on the up, while interest in retail properties seems to be on the slide, dragged down by the sense that they are the past, not the future.