News and opinion on finance

China’s gaze shifts to southeast Asia

When China’s president Xi Jinping floated the idea of a New Silk Road in 2013, eyes turned to the original route that had linked imperial China with India, central Asia and the ...
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SocGen and Absa mull CIB tie-up

Absa chief executive Maria RamosSociété Générale and Absa, formerly Barclays Africa, are discussing setting up a corporate and investment banking (CIB) partnership in Africa, Euromoney understands.The idea for a new wholesale banking ...
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Country risk: FYR Macedonia faces a fork in the road

Passions run high, with the nation's future – and investment prospects – at stakeOn September 30, citizens of the former Yugoslav Republic of Macedonia will be given the opportunity to vote in ...
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Chargebacks hitting merchants hard — but they don’t have to

A Javelin Research & Strategy study commissioned by Verifi found that cardholder disputes and chargebacks generated $31 billion in financial losses in 2017, of which $19 billion was borne by merchants. The ...
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Investment banks in 2Q18, part 3: FICC and equities

[Part 1 of our analysis dealt with group and CIB results; part 2 was about DCM, ECM and advisory]FICC2Q18: UP 1%Biggest rise: Goldman Sachs (45%)Biggest fall: BNP Paribas (-17%)TTM: DOWN 11%Smallest fall: ...
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World Bank launches first bond on blockchain

The World Bank priced a two-year A$110 million bond issue with a 2.2% coupon on August 23 through lead manager Commonwealth Bank of Australia (CBA) to yield 2.251%.It had mandated the deal ...
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Macaskill on markets: False valuations threaten deal fees

Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi ArabiaIt turns out Saudi Aramco won’t be going public after all, or Tesla going private.Not any time soon, at least.The twin ...
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Amlo’s pay cuts spark ‘flood’ of IB applicants

Andrés Manuel López ObradorInvestment bankers in Mexico say they have been flooded with CVs since the victory of Andrés Manuel López Obrador (Amlo) in the country’s presidential election in July.One of Amlo’s ...
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Libor challengers: ARRs get a boost in August

Barclays became the latest issuer of cash instruments linked to Sofr, the Federal Reserve’s preferred alternative to Libor, when it sold an unusually large asset-backed commercial paper (ABCP) deal from its flagship ...
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PSD2: Real-time processing? Not so fast

The 2018 UK business payments barometer report published by Bottomline Technologies notes that financial decision-makers recognise the change that PSD2 can bring to payments within their businesses.Few observers expect large numbers of ...
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Goldman-backed Circle sees tokenization coming to all markets

– that would have allowed them to trade shares of various exchange-traded funds (ETFs) that go long and short .Excitement had been growing in the crypto world that the arrival of such ...
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Banks diverge on dynamic discounting

The growth in the use of dynamic discounting is highlighted in the most recent AP & Working Capital Report published by PayStream Advisors, which found that the proportion of companies using it ...
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