Ukraine’s central bank blames Kolomoisky for campaign of intimidation
The National Bank of Ukraine headquarters in Kyiv Ukraine’s central bank has issued an unprecedented statement accusing local oligarch Ihor Kolomoisky, the former owner of nationalized lender PrivatBank, of orchestrating a campaign of intimidation against the institution and its staff....
Investment: The UK’s push for impact
The UK saw the launch of its Impact Investing Institute (III) on November 28. It’s hard to get excited about yet more impact initiatives or coalitions, but this one I can get on board with. For a start, it’s consolidating...
Alibaba secondary listing a rare good-news story for Hong Kong
Alibaba’s co-founder Jack Ma is seen on the screen at the group’s listing ceremony at HKEX on Tuesday Hong Kong has needed a good-news story for quite a while. The up to $12.9 billion secondary listing of Alibaba won’t bring...
UK PRA hits Citigroup with record fine over mis-reporting
Euromoney has read through the UK Prudential Regulation Authority’s (PRA) 44-page final notice on the £44 million fine imposed on the UK operations of Citigroup for regulatory reporting failures, so that you don’t have to. Between 2015 and 2017, the...
Banking: Don’t blame Ukraine for the Trump debacle
Once again, Ukraine is hitting the headlines for all the wrong reasons. Just when policymakers might reasonably hope to reap the benefits of a recovering economy and ambitious reform agenda, the US impeachment drama has reinforced stereotypes of Russia’s western...
Royal Commission: Westpac – the one that didn’t get away
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: SContreras@Euromoney.com By: Published on: Monday, November 25, 2019 It seems the Australian banking scandal has caught up with Westpac. At the conclusion of the Royal Commission into the behaviour of...
Absa sets sights on New York for Africa CIB drive
Absa’s new CIB representative office in New York will be open before the end of the year, according to James Gregory, chief representative for the bank in New York. This follows the opening of its London representative office in September...
Cashless Kingdom: Saudi approves new e-wallet operator
The facilitation of digital payments in Saudi Arabia is one of several projects overseen by the Saudi Arabian Monetary Authority (SAMA), which aims to achieve the Kingdom’s vision of a cashless society and to promote innovation in the financial sector....
Banking: Challengers pile on risk in Mexico
Keep an eye on Mexico – it has always been an interesting banking market. It is dominated by foreign banks, and the one major domestically owned bank has, at times, frustrated local regulators, whose desire for credit growth has been...
Canada’s imperious risk rating is up for debate
Canada looks to be sitting pretty near the top of the global rankings, but the path ahead is slippery underfoot Canada is one of the world’s safer investments, commanding triple-A sovereign credit ratings for the past five years without a...