North America Archives

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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

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

NEWSMAKERS: UNITED STATES New Ford CEO Fields is about to be put to the test.

Features

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

During his trip to China in mid-May, US Treasury secretary Jacob Lew repeated a favorite Washington refrain: Authorities in Beijing should do more to allow the renminbi to trade freely against the dollar.

Awards

BEST BANKS 2014: NORTH AMERICA

The banks of North America as a group are fundamentally strong. Of 30 US banks that participated in the Federal Reserve’s second round of stress tests, 25 passed with flying colors, according to results released in March.

Capital Raising & Corporate Finance

ANNUAL SURVEY: WORLD’S BEST BANKS 2014

In our 21st annual survey, Global Finance identifies the best banks in 150 countries and eight regions. The winners are not always the biggest banks, but rather, the best—those with the qualities that corporations should look for when choosing a bank.