Macaskill on markets: Forese vs Kelleher – the final scorecard
Forese and Kelleher both made, arguably, more substantive contributions to the post-crisis recoveries of their two banks than their bosses Michael Corbat, chief executive at Citigroup, and James Gorman, Morgan Stanley’s CEO. They also inspired more personal loyalty than their...
Sideways: Priam and the AI Trojan horse
The firm is also part of a consortium of dealers aiming to develop a new corporate bond platform in an initiative dubbed Project Mars. It would not take long for a machine-learning tool like Priam to scour the internet and...
Ethiopia offers opportunities as high risks gently subside
Take notice: Much like PM Abiy Ahmed’s sartorial choice, his political and economic decisions also point to a brighter future for Ethiopia Euromoney’s latest country risk survey shows Ethiopia to be one of the most improved sovereign borrowers this year....
Environmental financing: Someone get the CEO of Bayer an aspirin
It was Earth Day in April when we are reminded once again how we need to stop destroying the planet. A trip to the home and garden chain, Lowes, over that weekend underscored the need for reminders. In the garden...
Banks must speak clearly on sustainability
“This world’s a fiction and made up of contradiction,” said poet William Blake. He could have been describing the world of social and environmental finance recently. The first contradiction concerns Bill McGlashan, managing partner of the TPG Rise Fund, which...
Macaskill on markets: Germany’s strange banking experiment
There are many unanswered questions about the potential deal to combine two ailing German banks to create one ailing German national banking champion. Will Deutsche Bank be allowed to book an accounting gain for ‘ill will’ if it buys Commerzbank...
Responsible banking moves a few steps closer
At the end of January, Citi launched a €500 million green bond – its first green bond – and in February Bank of America launched a $500 million social bond – its first social bond and indeed the first social...
Quantitative tightening: To infinity – and beyond?
When Euromoney sat down with the head of securities at a large US firm in February, the conversation quickly turned to the market volatility at the end of last year. “December shocked me,” he confided. “There is yet to be...
Sideways: JPM Coin – to ubiquity and beyond!
Almost two weeks after launching JPM Coin, a digital token that will use blockchain technology to make payments, the bank held its investor day in New York on February 26 and promoted the new venture within a presentation designed to...
Macaskill on markets: Deutsche Bank and the art of the retreat
Deutsche Bank chief executive Christian Sewing had a couple of pieces of good news when he unveiled the firm’s full-year 2018 results at the beginning of February. Deutsche had delivered an annual profit for the first time since 2014 and...