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Banking

Salon: Luigi Zingales Populist Revolt

POPULIST REVOLT By Vanessa Drucker Global Finance held its monthly Salon in the magazine’s New York office with Luigi Zingales, professor of entrepreneurship and finance at the Booth School of Business of the University of Chicago and author ...

Emerging & Frontier Markets

Banker Arrests Shake Investor Confidence

MILESTONES: VIETNAM By Thomas Clouse Vietnam’s stock markets tumbled in August following the arrests of two of the country’s top bankers, Nguyen Duc Kien and Ly Xuan Hai. Asia Commercial Bank’s Kien arrested for “illegal business activity” Photo ...

Banking

Cover Story: World’s Best Banks 2012

DIAMONDS IN THE ROUGH By Gordon Platt, Thomas Clouse, Jonathan Gregson & Antonio Guerrero The World’s Best Banks undoubtedly have flaws, but their fundamentals are improving. Global Finance unveils its annual list of the best banks globally, regionally ...

Banking

Financial Utilities That Are Too Important To Fail

MILESTONES: US/GLOBAL By Gordon Platt Two years after Dodd-Frank became law, US regulators identified eight "systemically important" clearing and payment firms that provide critical infrastructure to the country's financial system. Systemically important financial utilities named None of the ...

Emerging & Frontier Markets

Hailemariam To Lead Ethiopia’s Transformation

NEWSMAKERS: ETHIOPIA By Valentina Pasquali Plagued by corruption and emerging from three decades of stable but authoritarian government, Ethiopia is undergoing its first peaceful transfer of power after the death, in August, of longtime prime minister Meles Zenawi. ...

Emerging & Frontier Markets

IMF Playing Catch-Up With Global Economy, Says Former Adviser

MILESTONES: IMF/WORLD BANK By Laurence Neville A year on from the appointment of Christine Lagarde as managing director of the International Monetary Fund (IMF), the challenges faced by her institution—and its sister entity, the World Bank—in helping to right ...

Capital Raising & Corporate Finance

New YPF Chief Has His Work Cut Out For Him

NEWSMAKERS: ARGENTINA Miguel Galuccio is very busy these days. The new CEO of Argentine firm YPF is discussing possible joint ventures with Chevron, Gazprom and the Argentine firm Bridas—partially owned by China's CNOOC. YPF aims to restore ...

Banking

Owen Leads New Unit At RBS

NEWSMAKERS: UNITED KINGDOM By Anita Hawser Since its bailout after the 2008 financial crisis, Royal Bank of Scotland has come under pressure from the government to increase lending, and recent reports suggest the government is considering fully nationalizing ...

Emerging & Frontier Markets

Russia Finally Seated At The WTO Table

MILESTONES: RUSSIA By Kim Iskyan After a 19-year process, on August 22, Russia finally became a full-fledged member of the World Trade Organization. Russia expects long-term benefits from WTO membership Accession will have little impact in the short ...

Capital Raising & Corporate Finance

Salon: Robert Brusca, FAO Economics

ECONOMIC CHEMOTHERAPY By Udayan Gupta Global Finance sat down with economist Robert Brusca, head of consultancy FAO Economics, to discuss the global outlook, the future of Greece and the problem with current-account surpluses and deficits. Brusca has been ...

Banking

SIBOS 2012

SWIFT AND EFFICIENT By Denise Bedell More companies than ever are now connecting directly to their banks and counterparties via the global SWIFT messaging system—970 corporates worldwide, at last count. That figure may seem small, but these ...

Banking

SIBOS: Centralization: Under One Roof

SHARING THE BURDEN By Karen Kroll New regulations and global uncertainty are reviving corporate focus on payment factories and in-house banks. As companies look further outside their borders for new growth and increased regulation makes tracking cash ...