Barclays: Cometh the hour, exit the man
What do you do if you decide someone is superfluous to requirements, but you don’t want to make it all about him? Dress up his exit as a reorganization? Tim Throsby It’s certainly tempting to see a whiff of this...
Ole Matthiessen is new global head of cash management at Deutsche Bank
Before this, Michael Spiegel ran Deutsche’s global cash management business for more than 10 years. Spiegel is not going too far: he is set to lead a newly founded unit within the investment banking business. One of the main functions...
Middle East: The Gulf’s banks improve their Asia focus
Trade between the Middle East and Asia grows and becomes more complex, integrated and interdependent with each passing year. An estimated 45% of Middle East trade is now with Asia, against 14% with the US and just 7% with Europe. ...
France, Germany risk spike shows core Europe wobbling
Although the risks facing the eurozone have improved during the past five years, almost every country remains worse off in Euromoney’s country risk survey since the global financial crisis struck in 2007-08. Plus, compared with last year – when concern...
Uzbekistan looks to boost local capital markets after eurobond success
The head of Uzbekistan’s new capital markets agency is hoping to build on the success of the country’s debut sovereign eurobond sale to attract foreign banks and investors to its domestic market. Atabek Nazirov,CMDA Atabek Nazirov, a former Goldman Sachs...
China’s small businesses are promised more money
By Pan Yue China’s annual parliamentary gathering, bringing together the National People’s Congress and a Chinese People’s Political Consultative Conference, is watched avidly by economists, analysts and bankers because it is often the launchpad for new policies. And so it...
Banks must re-embrace public stakeholders
The idea that German government support for a Deutsche Bank-Commerzbank merger is back-door nationalization – bringing Deutsche to heel, not just facilitating a bailout – reflects an ever-clearer reality in European banking. Unrelenting reassertion of public control over European banks...
Trade wars, interest rates, stocks and politics top ADB menu
The Asian Development Bank’s annual meeting is fast approaching. Between May 1 and 5, central bank governors, finance ministers and policy wonks from across Asia will get together in Fiji – and a troupe of bankers will inevitably follow them....
South Africa’s risk score is still tottering
Harbouring concerns: The lights are on in Cape Town, but everybody’s homing in on troubled Eskom South Africa’s fall from grace is well-documented. Its country risk score has fallen more precipitously than most other large emerging markets during the past...
Can South Asia be a fintech leader?
South Asia has been a fintech laggard, but it is now back on track South Asia has nearly everything an ambitious financial technology company wants. It is populous, economically dynamic, overwhelmingly young and brimming with ambition. Soaring smartphone and tablet...