2013

World’s Best Subcustodians 2013: Regional Winners

By Gordon Platt   NORTH AMERICA Citi Lee Waite: The rules of the game are not static Citi is the largest subcustodian in the US, the world’s biggest subcustody market. The bank also has the largest proprietary network in the industry, ...

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 ...