News and opinion on finance

Emerging Europe: Protecting retail borrowers is a job for politicians, not regulators

A shopping street in Ljubljana How much retail lending growth is too much? It is a question that has been exercising regulators across emerging Europe during the past two years as banks ...
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History lessons from 2003 for pathogen-hit Asian markets

In 2003, the Hong Kong IPO market, then as now dominated by aspiring mainland corporates, started off with a bang before tailing off sharply as news of a deadly new pathogen emerged ...
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Reality bites for China’s rickety local banks

Is this the start, the moment where reality bites, and fear replaces ambivalence? No, this is not about another made-in-China pandemic – though at the time of writing, a rather nasty pathogen, ...
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Goldman’s revived Ecuadorian coverage sure sign of new deal

Goldman Sachs published an economics report on January 10 informing the markets that it was “re-initiating coverage of the Ecuadorian” economy. Then, less than two weeks later, the investment bank repackaged a ...
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Capital markets: How to enter China

By Rebecca Feng Foreign banks are rightly excited about their chances of getting unfettered access to China’s capital markets. They can already own 51% of onshore securities joint ventures – the China ...
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Why you might buy a burger with bitcoin in Venezuela, but not Europe

If you live in a country plagued by hyperinflation, which renders the local currency close to worthless, how would you go about buying anything? In Venezuela, where the bolívar continues to decline ...
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CECL accounting standard still under fire as banks report day-one impact

Strong performances by JPMorgan and Morgan Stanley, and disappointments at Goldman Sachs, dominated commentary around the 2019 US bank earnings calls in January. However, lurking in the background was the less eye-catching ...
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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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