Coronavirus and investment banking: Dimon shines while Solomon stumbles
Jamie Dimon, CEO of JPMorgan Jamie Dimon changed the format of his annual shareholder letter, which was published on Monday, to focus on the challenges of the coronavirus crisis. He made the uncontroversial statement that the minimum that can be...
Coronavirus crisis offers green and social bonds chance to prove their worth
The ups and downs of green bond issuance Green bonds have held up relatively well in the market turmoil of recent weeks. The ICE BofA Green Bond Index lost 5% in total return between the end of February and March...
As Tidjane Thiam leaves, Credit Suisse has much to be grateful for
Credit Suisse’s Tidjane Thiam and Urs Rohner Yesterday evening the board of directors of Credit Suisse unanimously accepted the resignation of chief executive Tidjane Thiam. The official announcement does not make clear whether or not they were also unanimous in...
Turkey’s vulnerability is not a shock to risk experts
Foreign-exchange earnings from tourism in Turkey could fall below $10 billion this year, compared with $34.5 billion in 2019 Coronavirus could not have happened at a worse time for Turkish investors hoping to see its potential revive. The country has...
Financial inclusion: Mexico is missing a move to digital banking
When the history of the coronavirus’s impact on Latin America is written, it will highlight the acceleration that the virus had on the shift to digital banking and the subsequent economic impact of this. Countries throughout the region have, in...
Nubank growth hits another level as pandemic drives digital in Brazil
The shift to digital platforms has been a pronounced feature of the global pandemic – with tech stocks hugely outperforming stock market benchmarks throughout the world – but in emerging markets there have been specific drivers turbo-charging this phenomenon. Digital bank...
Sideways: Goldman Sachs and politics – DJ D-Sol may regret crossing AOC
Goldman Sachs chief executive David Solomon contributed $5,600 to Michelle Caruso-Cabrera, a former CNBC journalist who challenged Alexandria Ocasio-Cortez in the recent Democratic primary election for the 14th congressional district in New York, which covers parts of the Bronx and...
Katana sees relative value survive the bond market convulsions
As June drew to a close, with equities selling off on fears of a second wave in China and increasing cases in the US and Germany, the new supply of investment-grade and high-yield corporate bonds was slowing down sharply, after...
Oscar-winning documentary maker to use securities tokens for funding
March of the Penguins’ Oscar-winning filmmakers in 2006, with Luc Jacquet second from left Remember the film March of the Penguins? It charts the yearly journey of emperor penguins to their breeding grounds in Antarctica and the commitment of monogamous...
Bricks and mortar retail is living on borrowed time
Most financial crises are either seeded in the real estate market or are amplified there. The current one began as a healthcare emergency and has rapidly morphed into a financial shock, but its legacy will perhaps be the most profound...