Australia: CBA switchback shows weakness of Royal Commission
Euromoney said earlier in March that the Royal Commission into banking behaviour in Australia was all shouting, little substance. And here’s the thing about banks: they can tell the difference and exploit it accordingly. On Thursday, CBA provided a “wealth...
Tech investments bear fruit for global transaction banks
Revenues in both trade finance and cash management grew by 9% from $28.8 billion to $31.3 billion between year-end 2017 and 2018 for the top ten largest global transaction banks, according to research from Coalition. The business intelligence provider tracked...
Payments: India’s cash conundrum
Forget the Nordics – India is the country that is most likely to become the world’s first cashless society. Apparently. Search #cashless and there is a swathe of tweets linked to Sweden, the UK, the US and increasingly India as...
Mustier pins UniCredit’s hopes on buybacks and pay-outs
Jean Pierre Mustier is pinning his hopes on share buy-backs and dividend buy-outs in UniCredit’s latest three-year plan, as he tries to convince investors to look beyond its falling return on equity. The chief executive’s new plan, unveiled at the...
Turkey’s risk score still sliding
A lot of hot air over Turkey: And from an investor’s point of view, the fear of a crash landing Turkey is a consistent theme, as far as investor risk is concerned. That much is clear from Euromoney’s country risk...
Five years on, the first fintech innovators are thriving
In 2014, KPMG published a report on the 50 best fintech innovators as selected on the basis of four factors: total capital raised; rate of capital raising; location and degree of sub-industry disruption; and a subjective call from a judging...
Trade finance and blockchain: now is the time for a network of networks
What if corporates could go to just one place to access all trade finance blockchain services, to pick the best one for their needs, at the best price? What if you could create a sort of Compare the Market for...
Unpacking the GIC result: why all that effort gets only 3.4%
The Government of Singapore Investment Corporation (GIC), one of the world’s largest and most sophisticated sovereign wealth funds, released on Wednesday its annual report, including its performance numbers. The result: its 1,500 employees, known throughout the industry as some of the...
Sustainable Financing and Investing Survey
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Published on: Monday, June 03, 2019 Euromoney and its sister publication GlobalCapital are conducting a worldwide survey on the fast-growing area of sustainable financing and investing. Both issuers...
Macaskill on markets: Apple and the IT spending serpent
Financial industry executives know they have to seem technology savvy nowadays. Digital labs are found in most banks and insurance firm Aviva even set up a digital garage in London’s hipster enclave of Hoxton Square, although that may have been...