By hiring two private bankers from outside the industry to power its Asia family-office business, Citi offers further proof that its peers should take its ambitious regional wealth management plans seriously.

Banks want to capitalize on the surge in green capex borrowing as corporates rush to decarbonize. Cost inflation has increased the risks involved but not the long-term benefit of carbon reduction.

Markets are trading interest-rate expectations over actual rate decisions – proving the power of market sentiment.

By making Valentin Valderrabano COO of Citi Global Wealth, the US bank demonstrates its willingness to think outside the box when promoting from within.

Euromoney speaks to Benjamin Seal, vice-president of treasury at US-based Cenveo, about how accurate cash forecasting has helped to address the supply-chain challenges posed by the global pandemic.

A new approach to crypto derivatives could signal big structural shifts for traditional financial derivatives away from intermediaries and central clearing.

The US government’s case against Archegos Capital sets up a contest to guess which of the fund’s prime brokers was the most gullible at any given time. To keep the game interesting, the answer might not always be Credit Suisse.

The first three months of the year have been tough for many investment banking business lines, but Europe’s banks are putting up a good fight against the might of the US firms.

Rate increases in major economies away from the US, as central banks battle spiralling inflation, have weakened the momentum the dollar might otherwise have garnered from a hawkish Fed.

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.

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.

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.

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.

When a group of leading banks were unable to source the roubles needed to deliver in settlement of FX swaps, compression trades saved the day. The episode serves to highlight how fragile very large, complex and interconnected financial markets have become.

Sovereign wealth funds, other investors and banks will soon have to use cryptocurrencies to buy equity in companies building the decentralized web.

Explore Euromoney’s infographic on activity by special purpose acquisition companies over the last two years.

Higher yields and better protections compared with public bonds draw buyers to private placements even as investors cut duration and credit spreads widen.

The last big Wall Street broker-dealer has had a spectacular run in the last 20 years. It now wants to build ‘the best world-class global investment bank’.

Jane Fraser can front Citi’s investor day with good news about consumer divestments in Asia. It is hard to see a Russia sale now, though.

Wyoming is wild, rugged and libertarian. It is now also America’s leading crypto state, home to thriving digital asset banks like Avanti, run by Wall Street veteran Caitlin Long. Can these young firms now get much-prized master accounts with the Federal Reserve?

Energy price volatility driven by war in Ukraine could deliver a windfall to banks such as Goldman Sachs that retain scale in commodity trading. Profits from dealing can also be made without triggering ESG or sanctions-related pain.

The spectre of 2003’s global research settlement is looming over the world of equity block trades.

The rates sell-off is making it more expensive for high-yield and high-grade borrowers to access the bond markets. Maturities on offer are shortening, and it could be about to get much worse.

JPMorgan is named the world’s best wealth manager in Euromoney’s latest private banking and wealth management survey. It is testament to the US bank’s global strength in serving the wealthiest families, along with its drive to constantly transform itself and boost diversity as it hires the most talented relationship managers in core markets.

Citi’s global head of private banking Ida Liu sits down with Euromoney to discuss her journey to the top of the industry, the value of wellbeing and the importance of eliminating friction from client engagement.

Facebook never recovered from the regulatory hostility that first greeted Libra. It is now selling what is left of Diem while building the very metaverses that might make its stablecoin useful.

A stellar period for the independent investment bank, including its largest-ever acquisition, has set the scene for a strong future, according to CEO Scott Beiser. Its relentless focus on the mid-cap arena and its naturally hedged balance of businesses have created a firm that has quietly become one of the biggest advisory names in the world.

Falls in bond and equity prices that followed the Fed’s hawkish pivot may just be the start, with the key test still to come in new issue markets.

Wall Street firms such as Goldman Sachs, JPMorgan and Morgan Stanley are muscling in on the booming market for private share trading – and potentially disrupting existing technology platforms.