Banking Archives

Join the global community of corporate and public-sector finance industry leaders reading Global Finance monthly in print.

Click Here

Banking

Debt: Saudi Sukuk Market Heats Up

CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt A series of three major sukuk issues in Saudi Arabia in the first week of April demonstrated the growing depth of the debt capital markets in the kingdom, where corporations are ...

Banking

Emerging Markets Roundup: Middle East

CLIFFORD CHANCE TO OPEN SAUDI PARTNERSHIP By Gordon Platt Clifford Chance is the first global law firm to receive approval from Saudi Arabia’s Ministry of Commerce and Industry to create a Saudi-foreign legal partnership in the kingdom. Photo ...

Banking

Interview: Riad Salameh on Lebanon

LEBANON: RESTAKING ITS CLAIM AS A FINANCIAL HUB By Gordon Platt Global Finance interviews Lebanon’s central bank governor, Riad Salameh. Riad Salameh has been Lebanon’s central bank governor for the past 20 years. He is credited with ...

Banking

Milestones: BRICS Agree To Create Rival To World Bank

MILESTONES: EMERGING MARKETS By Erik Heinrich The BRICS (Brazil, Russia, India, China and South Africa) countries have agreed to set up a development bank to better serve their economic needs and reduce their reliance on Western financial institutions. The ...

Banking

Milestones: Cyprus Reels From Russias Unwillingness To Help

MILESTONES:RUSSIA/CYPRUS ByKim Iskyan As the Cypriot banking sector imploded in mid-March, Russia, for which Cyprus is an offshore financial services...

Banking

Newsmakers: Martowardojo Gets Lucky Second Time Round

NEWSMAKERS: INDONESIA By Valentina Pasquali With just over a year to go before the 2014 elections and in a move that caught many observers by surprise, Indonesia’s president, Susilo Bambang Yudhoyono, has appointed current Finance minister Agus Martowardojo as ...

Banking

Report: Central & Eastern Europe

<p>CHANGE IS AFOOT By Paul Mackintosh Central & Eastern European countries are trying hard to differentiate themselves from their southwestern neighbors. Corporates in the region are dealing with a new playing field as many assets once owned by ...</p>

Award Winners

World’s Best Banks 2013: Africa

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt MOBILE BANKING STIMULATES ECONOMIC GROWTH IN AFRICA Africa is one of the fastest-growing markets in the world for mobile payments. Money transfers using mobile phones will exceed $200 billion in ...

Banking

World’s Best Banks 2013: Asia

<p>By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt REGIONAL ECONOMY ON SOLID GROWTH PATH Asia’s regional economy continues to grow steadily, despite the tepid recovery in the United States and sovereign debt issues in Europe. The region’s ...</p>

Award Winners

World’s Best Banks 2013: Europe

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt TOUGH TIMES CONTINUE IN EUROPE Europe remains mired in recession. Apart from Germany and the Nordics, major European economies are either flatlining or, as among the southern peripherals, contracting ...

Award Winners

World’s Best Banks 2013: Latin America

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt LOCAL BANKS INCREASE MARKET SHARE While European banks have dominated Latin America’s banking sector for more than a decade, their stronghold has recently weakened. Some have sold local assets ...

Award Winners

World’s Best Banks 2013: Middle East

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt CONSERVATIVE LENDING AND RECORD EARNINGS IN THE MIDDLE EAST Many of the largest banks in the Middle East posted record earnings in 2012, as they continued to pursue conservative lending ...