The calculation kings: how ConvEx sorted out a CB muddle
Calculation agent: it might not sound like something to get the blood racing, but it is at the heart of one of the biggest changes in Europe’s convertible bond market in the past decade. For every single deal, someone has...
AI helps treasurers keep pace with changing demands of role
The role of corporate treasury has evolved considerably in recent years, observes Pankaj Gupta, managing director at Synechron. Once, treasurers were chiefly concerned with asset liability management and liquidity, but today they are concerned about the impact of regulations, such...
Deposit Solutions raises $100 million to speed open banking for retail deposits
Deposit Solutions, the German fintech, has expanded rapidly in its attempt to bring open banking to the heart of the European financial system by creating new platforms for retail depositors to spread their savings among multiple banks from just a...
Italian banks a bigger risk than Turkey
Italy’s problems have seemingly never gone away. With a viscous cycle of rising trade protectionism and inflation slowing economic growth, a gross debt burden totalling 130% of GDP and a populist-left government planning to increase budget spending, a recipe is...
PSD2: ‘Wind already taken out of sails’ of open banking
By Anna Fedorova PSD2 was intended to revolutionize the world of transactions by allowing banks’ customers to use third-party providers to manage their finances, placing an obligation on banks to offer these third-party providers access to customer accounts, with permission,...
Quick read: Thiam and the Credit Suisse revolution
1. Surrounded by doubters: from Prudential to Credit Suisse Tidjane Thiam’s appointment to Credit Suisse from Prudential in 2015 came under fire from day 1. But he’s never ducked a fight. Prudential’s shareholders had stopped him from buying AIA for...
Brazil: BCB opens up credit fintechs to foreign capital
Brazilian president Michel Temer signs decree 9,544 before leaving office Brazil’s central bank (BCB) has taken another step to increase the competitive forces in the country’s highly consolidated banking system by authorizing foreign investors to own up to 100% of...
Argentina: Caputo bows to the might of the IMF
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Published on: Monday, October 08, 2018 The resignation letter of Luis Caputo, until September 25 the president of Argentina’s central bank, is effectively the IMF’s receipt for the...
Benefits of virtual accounts are unclear, says ACT director
Banks say virtual accounts can improve corporate cash management, giving a much clearer view of company accounts and helping treasury play a more strategic role within organisations. But corporate treasurers themselves may be confused about the benefits they offer, and...
Investment banks in 2Q18, part 2: DCM, ECM and advisory
[Read part 1 of our analysis here for coverage of group and CIB results. Part 3 tomorrow will cover FICC and Equities.] DCM 2Q18: DOWN 4%Biggest rise: Morgan Stanley (7%)Biggest fall: Citi (-20%) TTM: UP 2%Biggest rise: Goldman Sachs (22%)Biggest...