News and opinion on finance

Argentina’s default risk a tale of central bank failure not just government mismanagement

Argentina's new president Alberto Fernández A new year, but Argentina’s investors face a far too familiar problem, as the country embarks on another economic crisis plan under a new more left-leaning administration ...
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M&A bankers hope BAE Systems’ US acquisitions set the trend for 2020

On Monday, UK defence company BAE Systems announced two acquisitions worth $2.2 billion in the US. It will pay Collins Aerospace $1.925 billion for its military global positioning system (GPS) assets and ...
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BlackRock needs to walk the walk on climate change

Larry Fink, CEO of BlackRock BlackRock CEO Larry Fink is getting serious about climate change. “Last September, when millions of people took to the streets to demand action on climate change, many ...
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Libor: Banks must jump before they are pushed

On Thursday, the risk-free rate working group at the Bank of England published its priorities for the transition away from Libor to Sterling’s risk-free replacement interest rate, Sonia. Making a firm, if ...
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First Kenyan shilling green bond lists on London Stock Exchange

A Kenyan property developer has listed the first shilling-denominated green bond programme on the London Stock Exchange (LSE), marking a step forward in the bid to open up Africa’s local currency bond ...
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Concerns still roil the money markets after a quiet new year

It has been quiet out there in the US dollar money markets; maybe too quiet. On Wednesday, Patrick Harker, president of the Federal Reserve Bank of Philadelphia, shared some thoughts at a ...
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Houlihan Lokey sees mid-cap opportunity in ECM advisory

Debt restructuring and advisory specialist Houlihan Lokey is launching a European equity capital markets (ECM) advisory practice under William Marshall, an ECM banker who has joined from the equity advisory team at ...
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Visa pays $5.3 billion to share in fintech growth

Visa proposes to pay $5.3 billion for Plaid, a company established only in 2013 that enables consumers to securely connect their accounts at incumbent banks to fintech apps – such as Venmo, ...
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ABN Amro CEO-elect Robert Swaak faces AML, M&A test

ABN Amro names Robert Swaak as CEO Robert Swaak is largely unknown, even in the relatively close-knit banking community of the Netherlands, but after a career at the Dutch branch of PwC, ...
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Asian exchanges: Taking stock

This is the question facing regulators across Asia’s emerging markets. Some of them have recently established exchanges. Others are wondering how to reinvigorate decades-old, lacklustre institutions. No one finds the task easy ...
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Mindspace aims to prove that India’s Reits market is no one-hit wonder

Mindspace provides real estate in high-end business parks such as Juinagar, in the Mumbai region Mindspace Business Parks, a real-estate investment trust backed by US private equity firm and Indian property developer ...
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Exclusive: Credit Suisse hires CMB’s Wang Jing in proof of China private banking ambitions

Credit Suisse has hired Wang Jing as its head of mainland China private banking (PB) operations, as it accelerates plans to become the leading foreign provider of high-end wealth management services to ...
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