News and opinion on finance

Mexico: Banks free Pemex from bondage

The Mexican government tried to put a happy gloss on its announcement of an $8 billion loan from private-sector banks to its state oil producer Pemex on May 13. The market even ...
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LenderComm brings loan servicing on blockchain

Even after years of cost cutting, banks could still be much more efficient if they would only share more utility back-office infrastructure. It’s a simple idea: hard to do in practice. The ...
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Reit mergers gather pace in Singapore

Singapore's financial centre, Raffles PlaceThere’s not a whole lot for investment banks to do in Singapore these days: very few new listings, tech companies who are quite content with private market funding, ...
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Hong Kong ex-JPMorgan princeling case gets personal

The decision by Hong Kong’s Independent Commission Against Corruption (ICAC) to bring charges against a former JPMorgan executive for bribery marks an interesting regulatory trend: criminal charges against individuals for banking crime.Catherine ...
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Banks push transaction banking outside core markets

]It is a trend that has been the same for some time. Burnt by foreign investments and buried under heightened compliance and regulatory standards, American and European banks have scaled back global ...
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FX: Corporate hedging goes forwards – and backwards

Given the ongoing uncertainty around Brexit and the resulting currency fluctuations, it would be reasonable to expect that corporate focus on hedging has heightened – or at least remained consistent – over ...
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Pakistan IMF bailout comes as foreign banks eye opportunity

News of Pakistan’s $6 billion loan deal with the IMF this week can be read in two ways: a country gaining direction and stability under a new government, or one in a ...
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Bradesco buys outside Brazil to compete within

Bradesco’s first international acquisition was announced this week: the bank has agreed (subject to regulatory approvals) to buy BAC Florida Bank for $500 million.The acquisition is significant if not substantial; because while ...
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Finance: Transformation stories in Asia, CEE and Africa

In 1990, Japan made up 45% of global equity market capitalization and its three long-term credit banks had a market cap of $140 billion. The top 50 US banks at the time ...
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WhatsApp pours fuel on Metro Bank’s PR fire

On Thursday lunchtime I decided to take a break from my editorial deliberations and have a stroll down to St Paul’s Cathedral to clear my head. As I was waiting to cross ...
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Uber’s IPO collides with reality as stock slumps

Is there a point in every successful investment banker’s career when they lose touch with reality? Probably when they start making serious money. Young financial journalists talk to and sometimes befriend traders, ...
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UniCredit’s Mustier says EU banking union ‘will never be completed’

Europe’s banking union should refocus on regulatory consistency and transparency, UniCredit chief executive Jean Pierre Mustier tells Euromoney, in an unusually frank recognition of the impracticality of eurozone risk sharing.Jean Pierre Mustier,UniCreditAmid ...
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