In a volatile equity market, asset managers may now pay the price for having concentrated research spend on analysts from a few bulge-bracket firms.

Credit intelligence specialist OakNorth is working with a consortium of US banks to assess physical and transition climate risk in loan portfolios. The motivation for the banks is clear: self-preservation in the face of growing climate-related disruption.

Credit Suisse is making heavy work of meeting its obligations under a 2017 RMBS settlement with the US Department of Justice. If it wants to make real progress, it will have to bite the bullet soon.

BNP Paribas’s top private banker talks to Euromoney about his love of Brittany’s rough seas, the power of ESG, and digital’s ability to transform and improve every step of the client journey.

Treasurers need to reassess their approach to interest-rate hedging as monetary policy on either side of the Atlantic continues to diverge.

If the French company cuts greenhouse gas emissions, it will use savings on loan margin to finance sustainability projects: if it doesn’t, its banks will fund them.

Aggregate investment banking and markets revenues fell 12% at the big five US investment banks in the first quarter of 2022. Their chief executives were confident that dealflow will return, but were also united in their uncertainty over how central bank responses to inflation will play out in markets.

The attack follows the introduction of new foreign currency rules.

With civil unrest, the resignation of half the cabinet and a standstill on sovereign debt repayment, Sri Lanka’s new finance minister, secretary to the treasury and governor of the Central Bank of Sri Lanka have a lot to do.

While Amundi’s new ECM desk seeks the best investor roles from lead banks, Bernstein Research sees the chance for a new kind of ECM business.

Crédit Agricole’s purchase of a 9.18% in Banco BPM could have benefits, even if it doesn’t presage a full takeover.

As the economy lands with a thud, there’s a dearth of talent in Colombo’s official ranks. Pragmatic diplomacy might now be a better option for the embattled Rajapaksa clan.

The European Central Bank has radical suggestions for ending AT1 conversion triggers and allowing only profitable banks to pay coupons. This could make these instruments riskier than equity.

The IPO of Indonesia’s GoTo is a big moment not just for the issuer but for the exchange that changed the rules to accommodate it and for the entirely domestic joint lead manager group.

SocGen’s deal to sell Russian lender Rosbank back to Vladimir Potanin’s Interros Capital is painful, but could help it to move on from the war in Ukraine.

The UK bank’s new fund aims to deliver metaverse-themed investment opportunities to wealthy clients in Hong Kong and Singapore.

War in Europe has completely upended the narrative around energy transition. Corporates and their banks are now engaged in a more complex conversation around the production – and financing – of oil and gas to replace Russian supplies. This could translate into more aggressive shareholder action as ESG investors fight to keep their near-term green agenda on track.

Without Russia, Raiffeisen will be a different entity – one focused on safer countries in the former Habsburg heartlands. The low home-market profitability that Russia once served to mitigate, however, will be more evident than ever.

Interest rate uncertainty may not have added to the complexity of the transition away from Libor pricing, but it has implications for forecasting that will only become clear as rate rises kick in.

Plans to incentivize foreign capital aim to boost capacity, with a new internal ‘investment bank’ to drive growing pipeline.

A Singapore-based investment vehicle fronted by former Commonwealth Bank of Australia CFO Rob Jesudason aims to invest in financial disruptors that will complement the industry without reinventing it.

A number of commodity currencies have received an unexpected boost from the conflict in Ukraine as Western economies look to reduce their dependence on fossil fuels from Russia more rapidly than previously planned.

In a momentous year for the industry, the top tier of trade finance banks remained remarkably stable in this year’s Trade Finance Survey. Supply chain disruption will continue to bedevil the sector and liquidity provision together with digital innovation will place sizeable demands on trade finance banks in 2022.

Global capital markets deal volumes have fallen not just from their pandemic highs but also from the start of 2019. Undaunted, bankers remain upbeat about prospects. While aggregate activity is down, the detailed picture is certainly more nuanced.

Despite stock volatility rising from recent lows, and the interest rate picture changing as central banks tackle inflation, convertible bond issuance in 2022 has been very slow. What needs to happen for that to change?

Issuance volumes in the early part of this year are lagging even the pre-pandemic period. Here’s how activity has played out.

Egypt’s supportive regulation, together with the impact of Covid, saw cashless payments in the country grow by more than 230% last year. Now fintechs, banks and state-owned platforms all want a piece of the action.

Rate rises, combined with the soaring price of oil, mean that Saudi banks enjoy unprecedented liquidity. This will accelerate the change already under way in the sector.

Shinhan’s landmark anniversary comes as its chairman tries to navigate an unpredictable global environment, the threat of big technology in Korea and the opportunities of expansion in Vietnam.

South Korea’s KakaoBank is unusual among Asian pure-play digital banks, in that it is not only growing fast but is also profitable. Having harvested the low-hanging fruit of wallet balances, it is now building higher-fee products. And last year’s listing showed just how much belief there is in the story.