Regulators often rely on giving relief when market participants or products fall between different jurisdictions or certification is unavoidably delayed. But one US regulator is getting fed up with having to do the same thing over and over again, and is calling for rules to be fixed instead of being endlessly patched up.

The curious case of the cows that didn’t exist.

Kotak Investment Advisors, the special situations arm of Kotak Mahindra, could have $9 billion under management by early next year. It is led by Srini Sriniwasan, who has applied skills learned at Goldman Sachs to develop the business to where it is today.

SEC chair Gary Gensler’s literally getting vibes that there’s something sus in the crypto wave.

The things that attracted Lone Star to Bank of Cyprus are present in banks in Greece and elsewhere in peripheral Europe. If other private equity-like investors take an interest, domestic political blessing could be the key to success.

Removing UK bonus caps and undermining the BoE could exacerbate a sterling crisis while entrenching US IB dominance.

An extraordinary series of data protection failures at Morgan Stanley’s wealth management business has seen the SEC fine the company $35 million.

If you want to get ahead in investment banking it is time to hit the beach.

Anti-ESG boycotts are unlikely to cross the Atlantic.

Bank of Cyprus has its quirks – such as a sanctioned oligarch as a large shareholder – but it is far from the only European bank with good potential still shunned by mainstream investors.

China’s decision to let US regulators audit its New York-listed corporates is a shock. It’s a U-turn, a climbdown and a sign, more than anything, of China’s enduring financial frailty.

The $100 million line of credit from Dai holders to a Pennsylvania community bank to support commercial loans should have been a breakthrough, but further deals are on hold as the crypto purists fight back against the pragmatists seeking more exposure to real-world assets rather than digital ones.

Bank shares have failed to close a valuation gap with fintech competitors despite the prospect of higher interest income from rate hikes. Will the Fed’s newly tough stance on inflation-busting finally give bank stocks some respect?

A US climate bill filled with green credits will create business for banks and provide relief from the backlash against ESG products.

West Virginia state treasurer Riley Moore has opened another front in a campaign by Republican officials in the US against banks that promote ESG policies.

UN CFO Taskforce member Jill Klindt talks to Euromoney about ESG disclosure challenges for SMEs and the need for all firms to produce consistent, auditable data.

Supposedly disappointing second-quarter earnings should have surprised no one and Morgan Stanley’s were quite good.

China’s support for Russia is part of its strategy to reduce the world’s dependence on the greenback – might it work?

For PNC Financial, the US’s inaugural best super-regional bank, 2021 was a landmark year in a decade-long national expansion under chief executive Bill Demchak.

Bank of America is thriving. In its home market, it has led the way in retail banking with a distinctive preferred rewards programme that offers retail customers preferential rates across a full range of products from credit cards to mortgages.

Goldman Sachs’s investment bank division excelled during the awards period thanks to a targeted focus on growth sectors such as healthcare, technology and financial sponsor business. This paid off handsomely on its home turf, where the bank dominated the Americas M&A league tables during the awards period, working on 582 deals with a total value of $1.6 trillion for a 30.72% market share. This is slightly ahead of the same period last year where it took 29.52% market share from 408 deals worth $1.15 trillion together.

Truist Securities, the corporate and investment banking division of Truist Financial Corporation, wins Euromoney’s inaugural award for best super-regional investment bank in the US. The award reflects the key role it plays in the domestic financial system, providing critical funding and extending capital-raising services to large corporates and small and medium-sized enterprises.

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.