News and opinion on finance

Mission impossible? What Banca Carige really needs is a buyer

When the European Central Bank (ECB) rejected Banca Carige’s capital conservation plan in August, its demand that the Ligurian lender must come up with a new one by the end of November ...
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RBS kicks off wave of digital bank offshoots

Some of Britain’s biggest banks are launching a slew of new standalone online banks, as they experiment with new technology and brands, and try to thwart digital challengers.Royal Bank of Scotland’s Mettle, ...
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Investors on high alert for signs of weakness at Italian banks

Italy enjoyed per capita GDP of $37,481 at the end of 2007, according to CEIC Data.Fast-forward through the global financial crisis, the eurozone crisis and 10 years of austerity, and at the ...
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Peru’s low risks call for A-ratings across the board

Peruvian festival mural: Credit-rating party invites have gone out, but so far only Moody's has RSVP'dEconomists and other risk experts taking part in Euromoney’s country risk survey awarded a more favourable risk ...
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Two African banking heavyweights launch investment platform for the continent

Charles Kie, NACPCharles Kie, formerly of Ecobank, and co-founder Paulo Gomes, formerly of the World Bank, on Wednesday announced their launch of pan-African investment platform NACP.Its aim is to help grow small ...
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Why Spain’s hostile environment matters even to its global banks

An activist from the Mortgage Victims' Association takes part in a protest outside the Supreme Court in Madrid in NovemberPublic opinion is vital to a bank’s success, wherever it is based, but ...
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FSB: Libor ‘will not be sustainable’ after 2021

Regulators may be reasonably happy with the progress being made on alternative reference rates to Libor, but the need to clarify exactly what will happen to instruments referencing Libor once the benchmark ...
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Forget bitcoin: stablecoins will change how money works

On Monday October 8, research firm Autonomous Next published its latest monthly figures for the volume of funds raised through initial coin offerings (ICOs), the revolutionary mechanism for founders of new crypto ...
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Trade finance: Fines do not dent ING’s commodities zeal

Commodity trade finance, from shipments of Argentine soybeans to Kazakh oil, is one of the few areas of international banking where Europeans maintain a clear lead. The French and even the Dutch ...
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Sideways: Ken of Arabia sticks to one costume – as for the Uber guy…

At least the founder and chief executive of investment bank Moelis & Co resisted the temptation to wear traditional Middle Eastern clothes as a sign of his commitment to the regime and ...
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What do investors want? ESG research. When do they need it? Yesterday

We have just 12 years to get climate change under control, the UN announced in October, so we had better get investing. But unfortunately it is becoming clearer that investing in UN sustainable ...
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Macaskill on markets: The tricky business of ethics

This must have been galling for Ken Moelis, who was the only high-profile leader of a Wall Street firm to attend the Saudi Future Investment Initiative conference in October.JPMorgan chief executive Jamie ...
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