Capital Raising & Corporate Finance
Pension Fund Managers Assailed On Many Fronts
Special Report | Pensions & Benefits Management
Combating economic trends, regulators and even demographics, funds are forced to think outside the box.
Sustainable Finance
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Award Winners
Winners’ Profile | Best Islamic Financial Institutions 2015
Annual Awards honoring the Best Islamic Financial Institutions in the world.
Capital Raising & Corporate Finance
CORPORATE METRICS | PROFITS ARE A STRONG PREDICTOR OF COMPANY HEALTH
Management | Metrics
Corporations and analysts turn to scores of metrics—return on assets, working capital and others—to determine a company’s financial health. Another, the ratio of debt to internal funds, is one of the most widely used benchmarks. But a new study suggests that the debt-to-funds ratio isn’t all that accurate in predicting or explaining default risk.
Capital Raising & Corporate Finance
NICARAGUA’S GRAND CANAL AMBITIONS FAIL TO WOO VOTERS
Newsmakers | Nicaragua
When Nicaraguan president Daniel Ortega announced last December a plan to construct a controversial transoceanic waterway that would provide an alternative to the Panama Canal, he vowed the project would create jobs and bring prosperity to the hemisphere’s second-poorest nation.
Banking
ANDREW SPINDLER: BANKERS WITHOUT BORDERS
Global Salon
Global Finance sat down recently with Andrew Spindler, president and CEO of the Financial Services Volunteer Corps, which has spread the gospel of sound financial systems to the developing world for the better part of a quarter of a century.
Capital Raising & Corporate Finance
BRAZIL: SMOOTH SAILING FOR PETROBRAS CEO?
Newsmakers | Brazil
Aldemir Bendine became one of Brazil’s poster boys for success while at the helm of Banco do Brasil, but his new role as chief executive of the country’s oil giant, Petrobras, is causing him headaches.
Capital Raising & Corporate Finance
DELOITTE: BIG 4 ACCOUNTING FIRM APPOINTS 1ST US FEMALE CEO
Newsmakers | United States
A new crack appeared in the corporate glass ceiling in February, when Cathy Engelbert was appointed CEO of Deloitte US, becoming the first woman to lead one of the Big Four audit and consulting firms in the United States.
Banking
INDIA: UNBANKED TO BENEFIT FROM NEW PAYMENT & FINANCE BANKS
Milestones | India
The Reserve Bank of India’s recent bid to offer licenses for setting up small finance and payment banks has elicited an overwhelming response, with at least 113 companies entering the fray.
Capital Raising & Corporate Finance
RATING AGENCIES: S&P SETTLEMENT UNLIKELY TO BRING ANY CHANGE FOR CORPORATE ISSUERS
Trends | Credit Ratings
More than six years after the housing market crashed—dragging the world economy and stock markets down with it—Standard & Poor’s settled in early February with the Securities and Exchange Commission for its alleged part in triggering the meltdown. The price was relatively cheap, as these things go: $1.4 billion with no admission of wrongdoing.
Economics, Policy & Regulation
ANTI-MONEY LAUNDERING FIGHTER CHAIRS KEY VATICAN UNIT
<strong>Vatican | Newsmakers</strong><br />
René Brülhart, known as the “James Bond of the financial world” for his high-profile role in cases such as the return of assets from Saddam Hussein to post-war Iraq and the uncovering of the Siemens bribery scandal, has become chairman of the Vatican’s anti-money-laundering unit.<br />
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Economics, Policy & Regulation
LANDMARK ENVIRONMENTAL PACT YET TO BE TESTED BY CONGRESS
<strong>US & China | Milestones</strong><br />
“This is a major milestone in the US-China relationship, and it shows what’s possible when we work together on an urgent global challenge.”
Capital Raising & Corporate Finance
INSURERS OFFER LONGEVITY HEDGES TO DE-RISK PLANS
MANAGEMENT | PENSIONS<br />
As people live longer, many companies are discovering that they have to pay pension benefits to retirees for longer than they had expected. Insurance companies are stepping in with new products that can help take this “longevity risk” out of corporate defined-benefit pension plans.