North America Archives

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Capital Raising & Corporate Finance

NO COLLATERAL DAMAGE TO HEDGES AFTER ALL

MANAGEMENT | DERIVATIVES REGULATION Nonfinancial corporations that hedge risk by using derivatives not traded on exchanges won an important victory in early September, when US bank regulators agreed to exempt such companies from rules that would have required them to post collateral against their positions.

Capital Raising & Corporate Finance

TORONTO, VANCOUVER PARTNER TO FORM RENMINBI TRADING HUB

TRENDS | RENMINBI TRADING Even though Toronto is the center of Canada’s financial industry, much of the country’s trade with China passes through Vancouver. Groups in both cities have decided to work together to promote Canada as a trading hub for the renminbi.

Award Winners

BEST INTERNET BANKS 2014 ROUND 1

In this first installment of a two-part series, Global Finance identifies the top online corporate and consumer banks by country and then by region, according to product or service category.

Banking

SQUARE ONE FOR BANKS’ LIVING WILLS

TRENDS | US BANKING

Banking

US EX-IM BANK FACES AN UNCERTAIN FUTURE

UNITED STATES In its 2013 report to Congress, the Export-Import Bank of the United States says that its “overriding mission is to create and sustain American jobs by supporting US exports.” But that very mission is under threat, with House Financial Services Committee chairman Jeb Hensarling, among others, seeking to abolish the bank.

Capital Raising & Corporate Finance

WALGREENS DUMPS INVERSION AS OBAMA BERATES “DESERTERS”

MANAGEMENT | TAX PLANNING Gregory Wasson, president and CEO of Walgreen, says the company “concluded it was not in the best interest of shareholders to attempt to re-domicile outside the US” to cut its tax bill.

Banking

FORMER DERIVATIVES SUPERSTAR TAKES THE HELM AT AIG

UNITED STATES After steering American International Group (AIG) during the financial crisis and putting it back on a sounder footing, president and chief executive officer Robert Benmosche is handing the baton over to Peter Hancock.

Capital Raising & Corporate Finance

OTC MARKETS, NOT NYSE, TRADE MOST ADRS

FINANCE & CAPITAL | CAPITAL MARKETS: AMERICAN DEPOSITARY RECEIPTS

Banking

EUROPEAN STRESS TESTS MAY STILL BE TOO SOFT ON BANKS

Upcoming stress tests for Europe’s 124 largest banks will have more credibility than they had previously, but some analysts argue that banks may need far more capital than regulators demand to withstand a crisis. And any hoped-for international standardization in terms of stress testing is out the window as there is little comparability between the upcoming European and recently completed US bank tests.

Capital Raising & Corporate Finance

North America

NO COLLATERAL DAMAGE TO HEDGES AFTER ALL

TORONTO, VANCOUVER PARTNER TO FORM RENMINBI TRADING HUB

BEST INTERNET BANKS 2014 ROUND 1

SQUARE ONE FOR BANKS’ LIVING WILLS

US EX-IM BANK FACES AN UNCERTAIN FUTURE

WALGREENS DUMPS INVERSION AS OBAMA BERATES “DESERTERS”

FORMER DERIVATIVES SUPERSTAR TAKES THE HELM AT AIG

OTC MARKETS, NOT NYSE, TRADE MOST ADRS

EUROPEAN STRESS TESTS MAY STILL BE TOO SOFT ON BANKS

US: FIELDS’ FIRST TEST ON FORD’S BREAD AND BUTTER

Despite U.S. Prodding, Renminbi Liberalization to Proceed at China’s Pace

BEST BANKS 2014: NORTH AMERICA