News and opinion on finance

Why bank CEOs will put off the IT challenge

The decision by Nordea chief executive Casper von Koskull to retire next year, at the age of 60, might give other senior bankers pause for thought.Nordea is the biggest of the Nordic ...
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AT1 bonds: Call me maybe

Investors in additional tier-one (AT1) debt have certainly learned to be resilient. Not only are they subject to periodic meltdowns in their asset class, but they have had to grapple with the ...
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NAB chairman and CEO quit in Royal Commission fallout

Australia’s Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry claimed its latest scalp on Thursday, when National Australia Bank’s chairman and chief executive both quit. CEO Andrew Thorburn ...
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Romania’s misguided bank tax risks derailing economic recovery

Over the past decade, bank taxes have been gradually spreading across emerging Europe. Hungary led the way in 2010, when Viktor Orban’s new Fidesz government implemented a swingeing levy on sector assets ...
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Turkish risk is heightened in fresh market jitters

Experts taking part in Euromoney’s Country Risk Survey took a dim view of Turkish prospects in 2018, resulting in a downgraded total risk score and lower investment ranking. The pessimism was justified ...
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Why Moody’s is wrong to keep Cyprus on junk status

Cyprus is now into its fifth year of vigorous economic growth, after three years (2012-2015) of steep decline caused by the banking crisis, with little indication the trade-risk vulnerabilities affecting other eurozone ...
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It is time to pick up the pace on Libor transition

There are many things to worry about in the capital markets, but the sluggish pace of the transition to new risk-free rates (RFRs) must be pretty high on everyone’s agenda at this ...
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Finance: China goes from student to teacher

When Goldman Sachs asked Hank Paulson to be its man in charge of Asia in 1990, it was for a simple reason: he was based in Chicago, which meant he was slightly ...
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China debt: Baoshang bailout rattles lenders

The People’s Bank of China (PBoC) and the China Banking and Insurance Regulatory Commission (CBIRC) placed Baoshang Bank, a medium-sized regional bank in Inner Mongolia, under the control of China Construction Bank, ...
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Don’t paint Europe’s banks with the same brush

The accepted wisdom that European banking is an unmitigated basket case has become even more entrenched over the past year. While most banks in the region traded well below book value a ...
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Refugee lens investing arrives

In the past two to three years, more initiatives have emerged to connect finance with refugees. “The humanitarian response system is important work for providing basic necessities for survival, but everyone engaged ...
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China bond market: Dodgy numbers undermine ratings

By Rebecca Feng A borrower’s financials are a crucial element of any credit rating. Yet in China, ratings analysts privately complain that some of the financial statements being presented to them are ...
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