Debt: Can we skip ahead with Venezuela?
Mexico blew up the LDC crisis in 1982 but the Brady Plan wasn’t introduced until 1989. The 1980s were a lost decade for most of Latin America as debt negotiations advanced slowly, stalled, and broke down. The same dynamics have...
Nivaura brings primary markets into the digital age
In the last week of February, Euromoney sits down with a veteran equity capital markets banker to discuss innovation in that business. It is a short chat. “I have been doing this since the mid 1990s and we still execute...
Société Générale targets transaction banking
According to Benoît Desserre, head of global transaction banking at Société Générale, 2018 was a “remarkable year” for the business. The bank’s net income in Western Europe (excluding France), Asia and the USA for transaction services rose by 16% –...
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...
The flies in the ointment in Singapore bank results
The full-year results of the three Singaporean banks tell us plenty about the challenges that are facing institutions in the shadow of the US-China trade war. Singapore was always likely to be a bellwether for the impact of issues in...
Bank of America issues first US bank social bond
Bank of America has become the first US bank to issue a social bond. At the end of January, the bank issued a $500 million four-year (non-call three) bond that priced at 78 basis points over US Treasuries. The proceeds...
Hungary gets a ratings upgrade, Croatia should be next
Increasing demand for beach holidays in Croatia is contributing to the country’s economic growth This week’s news of Standard & Poor’s upgrading its sovereign borrower rating of Hungary came as little surprise. Although economic growth is expected to slow down...
Merchants bearish on Russian e-commerce potential
Data from a PPRO eastern Europe payments and e-commerce report published in 2018 underlines that Russia’s e-commerce market is growing by 9% annually and is worth in excess of €23.5 billion. A hunger for consumer goods in remote regions is...
Yellow vests show why banks are delaying Brexit moves
The exodus from London’s financial sector is just beginning. Banks are shifting hundreds of people, and hundreds of billions of pounds in assets, into EU entities. In a no-deal Brexit scenario, these moves could accelerate rapidly. Hundreds of sales and...
Quick read: The quest to turn around SocGen’s CIB
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Dominic O’Neill Published on: Wednesday, February 20, 2019 After disastrous fourth-quarter results, Société Générale’s growth and profitability targets lie in tatters. Read on for a guide to Dominic...