US regional banks gear up for M&A bonanza
One of the most anticipated trends in US banking began this month not in Wall Street or San Francisco but in Salt Lake City, Utah. On Wednesday, Zions Bancorp, a regional player with $66 billion in assets, saw its proposal...
European SMEs: Doing banking well is not so complicated
Funding small business investment should be core to banking’s function in society, but for many banks these are unattractive borrowers – risky, small and idiosyncratic. As the chief executive of one of Europe’s biggest banks tells Euromoney, it is much...
Côte d’Ivoire’s path to higher ratings blocked by political risk
Full of beans: Investors are getting a taste for Côte d’Ivoire, thanks in part to improving cocoa prices, but political division isn’t so easy to swallow The West African nation, climbing 14 places in ECR’s global rankings in 2018 to...
European quantitative easing: Reality bites
On June 14 Mario Draghi announced that quantitative easing in Europe would continue until December this year, with monthly purchases reduced to €15 billion a month from €30 billion in the interim. The ECB president indicated, however, that interest rates...
FCA looks at stable door after Mifid has bolted
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Published on: Wednesday, July 18, 2018 Unbundling probe will confirm Mifid II distortions. The UK’s Financial Conduct Authority’s (FCA) review of the impact on research is too early...
Trade finance: We.trade banks to support multiple platforms
The trades, executed by 10 companies via four banks on the we.trade platform – a consortium of Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale and UniCredit — have been described as the first commercially viable open account...
Pension schemes prove shaky pillars for capital markets in CEE
Unfortunately, an ever-increasing weight of evidence from emerging Europe suggests that, however good the second-pillar idea may be in theory, it is never long before it bumps up against hard political realities. Hungary, the first country in the region to...
A good year for local emerging capital markets
It might not be a great year for emerging market returns, but real progress is being made in perhaps the most important part of, well, emerging as a market – the development of local financial markets. The banks on Euromoney’s...
Saudi Arabia gets MSCI recognition
Saudi Arabia’s efforts to reform its capital markets seem to have finally paid off. On June 20, MSCI, a leading provider of global equity indices, upgraded the kingdom from standalone to the status of an emerging market. Billions of investment...
Sustainable finance: What a difference a decade makes
This year’s award season has been a true eye-opener in showing just how far the financial industry has come in sustainable finance and corporate responsibility. There have been reams (digital eco-friendly reams, of course) of pitches on achievements, ranging from...