SSM and bank mergers: Don’t put the cart before the horse
In an interview with Euromoney, Single Supervisory Mechanism (SSM) board member Ignazio Angeloni is keen to see cross-border bank mergers in the eurozone, at least in the abstract. It would be a means for regional champions to grow and to...
Turkish NPLs set to soar as macro woes mount
Non-performing loan ratios in Turkey are tipped to rise sharply as the effects of currency depreciation and rising interest rates feed through to the real economy. According to official figures, bad debts accounted for just 3% of outstanding loans in...
UK card use soars but fees are hurting merchants, warns BRC
Cards now account for more than three quarters of retail sales in the UK, according to the British Retail Consortium. The BRC, which sampled 48% of the entire UK retail industry in its research, says total retail sales rose by...
Risk scoring suggests Georgia’s credit rating should be higher
Building bridges: Tbilisi is gaining in popularity as a tourist destination, bolstering the economy In March, Fitch placed its BB- rating of Georgia on review for a possible upgrade, but has so far held back from an upgrade pending more...
Corporate responsibility: For banks to change, everyone must change
In November, the Pandora’s box of ‘what is a bank’s responsibility to society?’ will be opened when the United Nations Environment Programme Finance Initiative (UNEP FI) launches its Principles for Responsible Banking for public consultation. In some ways, it is...
China in MEA: more than bricks and mortar
Xi Jinping made a few calculated stops on his way to the 10th Brics leaders’ summit in South Africa this July. The trip – his first since he was reappointed as president of the People’s Republic of China in March...
Meissner will hand strong platform to Koder at BAML
News that Christian Meissner will leave Bank of America Merrill Lynch at the end of this year will not come as a surprise to those who follow the US firm closely. Tensions between BAML’s global corporate and investment banking division,...
Banks urged to upgrade ATM security systems amid threats of fresh cyberattacks
By Anna Fedorova The FBI contacted banks last month to warn against a potential large-scale, highly choreographed operation known as an ‘ATM Cash Out’, which would see millions of dollars fraudulently withdrawn from cash machines all around the world in...
Euromoney Podcasts: Treasury and Turbulence
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Published on: Wednesday, September 19, 2018 Stories of corporate treasury innovating to mitigate external threats. In this series, Euromoney examines how treasurers battle risk and defend company interests...
Quick read: European banking’s digital experiment
1. Digital disruption: why Europe’s online banks might ramp up Disruption is everywhere in European banking and much of it from the banks themselves. Digital brands are the new battleground for a sector that is ever more competitive with itself...