Morgan Stanley gears up for the new decade with job cuts
The US firm is cutting just under 2% of its workforce, a reflection of what could be coming in 2020.
Country risk: Indonesia’s in-built resilience makes it one to watch in 2020
Global trade frictions, domestic political challenges and environmental concerns should all be undermining Indonesia’s outlook. And to a certain extent that is the case, with the country downgraded this year in Euromoney’s country risk survey, if only slightly. Compared with...
Banks buoyant in surging Dominican Republic
The rapid growth of the Dominican Republic economy in recent years has led to strong credit growth, changing market dynamics, and is attracting new entrants. The IMF predicts a 5% increase in GDP this year, slightly down from 2018’s 7.0%,...
Look behind Germany’s surprise call for deposit insurance
Andrea Enria, chair of the supervisory board of the ECB, gave a speech in London at the end of October celebrating some of the successes of banking union – establishment of a single supervisory mechanism or large banks, NPLs brought...
Montag tells investors why the mid-market is Bank of America’s focus right now
Tom Montag is a man on a mission. The chief operating officer of Bank of America wants investors to understand that the firm’s global banking and markets business has a unique opportunity within its peer group owing to its local...
Investors are right to be rattled by Turkey’s central bank purge
Murat Uysal, Turkey’s new central bank governor As autocrats around the world are well aware, emerging-market investors love stability. Give them a competent strongman with a dubious human rights record over a chaotic democracy any day. A notable beneficiary of...
It’s time for big businesses to start paying their invoices on time
In their business payments barometer published in June, Bottomline Technologies, a company that provides digital payment solutions for a number of different industries, found that 92% of financial decision-makers surveyed admit to paying suppliers late. What’s not surprising is the...
How capital markets got here and where they might be going
Debt and equity capital raising, securities trading and associated derivatives have been at the core of this magazine ever since it was founded in 1969 to report on the new international Eurobond market that was springing up. The pioneers of...
Sideways: Bloomberg’s billion-dollar US election bet
Michael Bloomberg is a dream candidate for executives who would like an alternative to Donald Trump without disruption to business as usual for corporate America. Bloomberg started on Wall Street at Salomon Brothers, built his own data and media empire...
Macaskill on markets: Wall Street and the Warren fear factor
It took a heart of stone not to laugh at the sight of grizzled Wall Street veteran Leon Cooperman choking up on cable TV recently as he condemned Warren’s proposal to introduce a wealth tax in the US. When asked...