2013

World's Best Banks 2013: Africa

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt   MOBILE BANKING STIMULATES ECONOMIC GROWTH IN AFRICA Africa is one of the fastest-growing markets in the world for mobile payments. Money transfers using mobile phones will exceed $200 billion in ...

World's Best Banks 2013: North America

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt RECORD EARNINGS FOR CANADIAN BANKS Canadian banks have continued to report record earnings, despite a slowdown in the Canadian economy, surprising most analysts. Plus, they have avoided many of the ...

M&A: Megamergers Raise Hope for More

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   With the stock market hitting record highs and confidence growing in the US economy, dealmaking has accelerated dramatically. A series of megamergers has unleashed a spirit of optimism about the ...

Debt: Distressed Corp Deals Decline

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   Distressed debt and bankruptcy restructurings completed in 2012 more than doubled from 2011 to $423 billion, according to Thomson Reuters. Excluding Greece’s record $263 billion debt-exchange transaction, however, produces a very ...

M&A: Energy, Resources Deals Heat Up

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   Pipeline deals, shale-energy plays and natural resources transactions—often involving Asian buyers—provided an energetic start to mergers and acquisitions in 2013.   The overall January deal totals for the Americas ...

FX: Economic Woes To Constrain Euro

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The euro was the star of the major currencies in January, as it soared to a 14-month high against the dollar and a 33-month high against the Japanese yen. Its strength reflects ...

Trade Finance: Global Winners

By Gordon Platt GLOBAL WINNERS BEST TRADE FINANCE PROGRAM International Finance Corporation (IFC) IFC, a member of the World Bank Group, offers programs that focus on supporting trade in areas that have the greatest impact on the poor. Georgina Baker, ...

Awards: Trade Finance

EMBRACING THE MODERN ERA   By Gordon Platt   Global Finance presents the winners of its annual trade finance providers awards, incorporating the results of our first-ever trade finance readers’ survey.   The ancient business of financing trade is now ...

Trade Finance: Regional Winners

By Gordon Platt REGIONAL WINNERS AMERICAS Citi With its extensive presence in the US, Canada and Latin America, Citi is the largest service provider for private-labeled letters of credit and open account transactions. The bank’s global footprint enables it to ...

Debt: Companies Rush To Issue Bonds

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   Those investors reaching for higher yields in a low-interest-rate environment propelled bond markets around the world to new highs in 2012, but analysts don’t expect the party to continue forever. ...

Best FX Providers: Regional Winners

By Gordon Platt BEST FOREIGN EXCHANGE PROVIDERS: REGIONAL WINNER NORTH AMERICA Citi Citi’s foreign exchange operations, CitiFX, had a very good year in 2012, which marked the bank’s 200th anniversary. Its FX volume continued to expand rapidly, and it gained ...

Best FX Providers: Research & Analysis

By Gordon Platt Best Foreign Exchange Research & Analysis RESEARCH BNY Mellon BNY Mellon, one of the largest foreign exchange dealers in the US, trades more than $42 billion in the FX market on an average day. The bank’s 10 ...

Annual Awards: Best FX Providers 2013

THE BIG GET BIGGER   By Gordon Platt   The biggest FX banks are increasing their share of a shrinking market, amid low volatility and despite a speed bump for high-frequency traders.   As global interest rates converge at a ...

Best FX Providers: Global Winners

By Gordon Platt BEST FOREIGN EXCHANGE PROVIDERS: GLOBAL WINNER Deutsche Bank Deutsche Bank increased its market-leading FX volume in 2012, at the same time that it reduced value-at-risk and headcount. Crucial to this development has been its investment in technology, ...

2012

FX: Positive US Economy Boosts Dollar

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   A batch of better-than-expected US economic data, including nonfarm payrolls and housing prices, gave the dollar a lift last month.   Analysts said the signs of strength diminished the need ...

Debt: AbbVie Launches Big Bond Deal

CORPORATE FINANCING NEWS: CORPORATE DEBT By Gordon Platt   Pent-up demand following a shutdown for Hurricane Sandy combined with near-record-low interest rates to release a torrent of new corporate bond issues in early November. AbbVie, the pharmaceutical unit of Abbott ...