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Banking

Cover: Reinventing The Swiss Bank

ADAPT TO SURVIVE By Michael Shari A unique banking system long revered as a safe haven for the world’s tax dodgers now faces gut-wrenching transformation in order to endure. For centuries Swiss banks have thrived on absolute ...

Banking

Global Salon: Karen Elliott House

CONFLUENCE OF RISK By Vanessa Drucker In this months Salon, Global Finance sat down with Karen Elliott House, Pulitzer Prizewinning...

Capital Raising & Corporate Finance

Milestone: Cash Transfer Program Heralds A New Dawn

MILESTONEINDIA By Kim Iskyan On the first day of 2013, the Indian government formally launched a program to distribute subsidy benefits and social welfare payments directly to the bank accounts of recipients. Photo Credits: PAWEL PIETRASZEWSKI/ Shutterstock.com Once the ...

Emerging & Frontier Markets

Milestone: Moscow’S Stock Exchange Goes Public

MILESTONERUSSIA By Udayan Gupta The Russians are taking a page out of the Dutch East India Company’s playbook of 1602. In mid-February Russia recapitalized the Moscow Stock Exchange by selling $1 billion of shares in an IPO of the ...

Economics, Policy & Regulation

Milestone: Spain Cuts Red Tape In An Effort To Help Businesses

MILESTONE: SPAIN By Forrest Jones Spain wants to make life a little easier for its business sector. Recently, Madrid drafted legislation to make it simpler for companies to conduct business in different autonomous regions within the country ...

Banking

Milestone: The World’S Oldest Surviving Bank Faces A Bleak Future

MILESTONE: ITALY By Luca Ventura The oldest bank in the world, Tuscany’s Monte dei Paschi di Siena, came close to ending its 540-year history late in January, when it revealed losses of up to €750 million ($1 billion) caused ...

News

Newsmaker: Heins Aims To Resurrect Moribund BlackBerry

NEWSMAKER CANADA By Gilly Wright Not one to do anything by halves, BlackBerry’s CEO, Thorsten Heins, has overseen the launch of a new operating system called BlackBerry 10 and its first non-keyboard smartphone, the Z10. Heins hopes to shape ...

Emerging & Frontier Markets

Newsmaker: Speculation Is Rife About Fischer’s Next Move

NEWSMAKER ISRAEL By David Lipkin Stanley Fischer is set to retire as governor of the Bank of Israel at the end of June. Fischer, guardian of Israel’s economy, bows out gracefully He will be remembered as one of ...

Emerging & Frontier Markets

Newsmaker: Turkey’s PM Gives EU Ultimatum Over Membership

NEWSMAKER TURKEY By Valentina Pasquali Conveying the feelings of a large swath of the Turkish population, which is increasingly tired of the stalled accession negotiations with the European Union, prime minister Recep Tayyip Erdoan recently threatened to abandon ...

Economics, Policy & Regulation

Newsmaker: White’s SEC Appointment Sends Mixed Message

NEWSMAKER US By Valentina Pasquali Though still bearing the scars of the recent financial crisis, the US economy is recovering, and markets are returning to levels unseen in years. White is reputed to be a tough enforcer Photo Credits: ...

News

“Salon: Joshua Shapiro, MFR Inc “

TOUGH TIMES TO COME By Kathryn Tully Global Finance sat down with with Joshua Shapiro, chief US economist for consultancy MFR, to discuss the US economy, the fiscal “cliff” and structural problems still facing the country. Global ...

News

Back Page: Polls And Stat – Checking The Pulse Of Sovereign Risk

Checking The Pulse Of Sovereign Risk BlackRock’s BSRI risk ranking provides a framework for tracking sovereign credit risk. In the last quarter, perceived risk worsened for Japan and South Africa, improved for China, Australia and New Zealand and remained the ...