News & Features Archive

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Banking

Fed Allows Chinese Bank To Acquire US Banking Assets

MILESTONES: UNITED STATES / CHINA By Gordon Platt The Federal Reserve gave its seal of approval to China’s system of bank regulation and unanimously approved the first-ever takeover of a US retail bank by a state-owned Chinese bank. Photo ...

Capital Raising & Corporate Finance

FX: Europe’s Crisis Deepens Euro Worry

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The euro is likely to decline against the dollar in the medium term, due to political uncertainty in Europe and weak economic conditions, analysts say. “The eurozone debt crisis is ...

Economics, Policy & Regulation

Global Salon: Instability And Finance

INSTABILITY AND FINANCE By Paula Green Global Finance sat down with noted author and international economist James K. Galbraith to hear his views on political instability, its relation to income inequality, and what the implications are for the ...

Banking

Islamic Financing Facility To Be Tested By US Courts

MILESTONES: MIDDLE EAST / US By Anita Hawser The ability of US bankruptcy law to handle shariah-compliant structures is being tested after Bahraini firm Arcapita Bank’s decision in March to file for bankruptcy protection in the US. Business ...

Capital Raising & Corporate Finance

M&A: Indonesia Delays Bank Danamon Deal

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt Indonesia’s central bank said it will wait until new bank-ownership rules are in place to consider Singaporean banking outfit DBS Group’s $7.2 billion takeover bid for Bank Danamon Indonesia. Indonesia ...

Banking

Middle East Transaction Banking

NEW GRAVITATIONAL PULL By Ryan Harrison As companies in the region expand globally, their treasury and trade processes are growing in sophistication. As a result, transaction banking is becoming an ever-more-important business driver for both regional and global ...

News

No Joy For Rajoy

NEWSMAKERS: SPAIN By Anita Hawser Spanish prime minister Mariano Rajoy is probably glad he is not running for office at present. Tough task to sort out Spanish banks Photo Credit : MATTHI/ Shutterstock.com Having swept to power in elections ...

Banking

Poverty, Bank Fees Blamed For Growth Of The Unbanked

MILESTONES: GLOBAL By Paula Green Whether it’s that endless, dusty bus ride to the nearest automated teller machine or simple poverty that keeps them from opening a bank account, the 2.5 billion people who do not have accounts with ...

News

Profumo Starts With A Splash At Monte Dei Paschi

NEWSMAKERS: ITALY By Luca Ventura When Tuscan bank Monte dei Paschi di Siena appointed the charismatic Alessandro Profumo as its new chairman in late April, the news made headlines around the world. Profumo is ready for the challenge ...

Emerging & Frontier Markets

Regional Report: Caucasus

THREE COUNTRIES AT A CROSSROADS By Kim Iskyan Countries of the Caucasus have had very different fates since the collapse of the Soviet Union. Each is moving on a path toward economic stability and growth—albeit at very different ...

Capital Raising & Corporate Finance

Risk Management: Trade Credit Insurance

SEARCHING FOR THE SILVER LINING By Al Modugno The European sovereign debt crisis is causing rates to rise for trade credit insurance, and demand is increasing—particularly in emerging markets. Since the global financial crisis of 2007–2008,demand for ...

Banking

Sector Report: Chinese Banking

YIELDING STATE CONTROL By Arthur Clennam Breaking the monopoly of China's big banks is only an idea for now, but one that the government knows it cannot ignore. Premier Wen Jiabao, second-most-powerful member of China's standing committee ...