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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 ...

News

The Fate Of Europe In The Balance

NEWSMAKERS: FRANCE By Luca Ventura French president-elect François Hollande is a flag-bearer for adding growth incentives to a European fiscal agreement, rather than just doling out austerity measures. Hollande elated at defeating Sarkozy Photo Credit : SKPHOTOGRAPHY / Shutterstock.com ...

News

The Still-Seamy Underbelly Of Energy Trading

NEWSMAKERS: UNITED STATES By Gordon Platt As the tide went out for natural gas prices, it revealed that the seamy underbelly of the energy-trading business hasn’t changed a great deal since the days of Enron. McClendon ran a hedge ...

Capital Raising & Corporate Finance

Cover Story: China In Europe

WITH A COOL HAND By Laurence Neville China is taking advantage of the European crisis to make strategic investments in the Continent and encourage companies to pick up cheap assets. But the Asian nation is taking a slow ...

Capital Raising & Corporate Finance

Gold Starts Paying Unique Dividends

MILESTONES: GLOBAL By Valentina Pasquali Over the past few years markets have experienced declining trust in fiat money, a slow departure from the US dollar as a reserve currency and growing interest in bullion, particularly as a hedge against ...

News

Johnsen Makes Few Friends With Norwegian Banking Rule Proposals

NEWSMAKERS: NORWAY By Luca Ventura A former bank teller, Norway’s finance minister Sigbjørn Johnsen is not too concerned about upsetting some of his erstwhile bank employers. Johnsen takes on Norway’s banks again Photo Credit : REUTERS/SCANPIX “It ...

News

New Derivatives Market Regulations Finally Adopted In Europe

MILESTONES: EUROPE By Anita Hawser It has been almost three years in the making and encapsulates European regulators’ response to the collapse of Lehman Brothers and the implosion of the collateralized debt obligation market following the subprime crisis in ...

Emerging & Frontier Markets

PetroChina Surpasses Exxon In Oil Production

MILESTONES: CHINA By Valentina Pasquali Energy demand in emerging countries has skyrocketed in recent years due to rapid economic growth. In China, oil production has followed suit, although not at the same pace. The country remains a net importer. ...

Emerging & Frontier Markets

Salon: Alisher Ali, Mongolian Growth

ASIA’S EL DORADO By Michael Shari Global Finance sat down with Alisher Ali, founder of the largest investment bank and asset management firm in Mongolia, to get his take on the world’s fastest-growing economy. Educated at Columbia ...

Banking

Shotgun Wedding For Spanish Banks

MILESTONES: SPAIN By Vanessa Drucker The merger agreement between CaixaBank and Banca Civica smacks of a shotgun wedding—for Civica, anyhow. Spanish banks forced to tie the knot by capital requirements CaixaBank, Spain’s largest bank by retail branches, is ...

Emerging & Frontier Markets

Suu Kyi Heralds A New Era Of Reform In Myanmar

NEWSMAKERS: MYANMAR By Kim Iskyan By winning a seat in the country’s parliament in early-April by-elections, Myanmar dissident leader Aung San Suu Kyi ushered in a new era in the history of the country formerly known as Burma. ...