2012

World’s Best Banks 2012: Global Winners

By Gordon Platt, Thomas Clouse, Jonathan Gregson & Antonio Guerrero Global Winners BEST CORPORATE BANK Deutsche Bank Deutsche Bank, the largest bank in Germany, is a leading global corporate and investment bank and has long been the top foreign exchange ...

Financial Utilities That Are Too Important To Fail

MILESTONES: US/GLOBAL   By Gordon Platt   Two years after Dodd-Frank became law, US regulators identified eight "systemically important" clearing and payment firms that provide critical infrastructure to the country's financial system.   Systemically important financial utilities named None of the ...

FX: Central Banks Could Help Euro

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt A favorable ruling by Germany's constitutional court on the legitimacy of the eurozone's permanent bailout fund, and coordinated easing by global central banks are both needed to ease concerns about Europe's debt ...

Awards: Project Finance & Infrastructure

CHANGING OF THE GUARD IN PROJECT FINANCE   By Gordon Platt   As public purse strings tighten, pension funds are the most promising source of long-term funding for infrastructure projects, according to an OECD report supported by Oliver Wyman.   ...

Treasury & Cash Management: Who’s Who

WHO’S WHO   Global Finance’s annual list of Who’s Who in Treasury & Cash Management   Bank of America Merrill Lynch Paul Simpson Head of global transaction services   Paul Simpson joined Bank of America Merrill Lynch in May 2011 and ...

Looking Back, Moving Forward: Foreign Exchange

CURRENCY CRISES AND CURRENCY WARS   By Gordon Platt   FX has withstood many crises, including speculative attacks on the British pound, the Mexican peso crisis, the Thai baht crisis and, more recently, a euro under strain and a potential threat ...

FX: Euro Tumbles, EU Debt Crisis Grows

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   The European debt crisis remains the key focus of foreign exchange market participants, as the slowdown in the global economy increases pressure on central banks and government officials to take ...

World's Best Subcustodians 2012: Regional Winners

By Gordon Platt NORTH AMERICA Citi Lee Waite, global head of direct custody and clearing, Citi Citi's Global Transaction Services division has the largest proprietary custody network in the world, covering 61 markets and 98.5% of global market capitalization. Lee ...

Emerging Markets Roundup: Middle East

SOVEREIGN WEALTH FUNDS JUMP INTO THE MARKETS By Gordon Platt Middle Eastern sovereign wealth funds (SWFs) are once again dipping their toes in markets worldwide, even those that saw investments last year grow cold. Saudi power company launches landmark sukuk ...

The Still-Seamy Underbelly Of Energy Trading

NEWSMAKERS: UNITED STATES   By Gordon Platt   As the tide went out for natural gas prices, it revealed that the seamy underbelly of the energy-trading business hasn’t changed a great deal since the days of Enron.   McClendon ran a hedge ...

FX: Europe’s Crisis Deepens Euro Worry

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   The euro is likely to decline against the dollar in the medium term, due to political uncertainty in Europe and weak economic conditions, analysts say.   “The eurozone debt crisis is ...

Company to Watch: Mr Price / South Africa

RETAILER EXPANDS IN NIGERIA   By Gordon Platt   Mr Price Group has developed a successful retail formula in South Africa that could work well in markets across Africa.   The majority of Mr Price’s 1000-plus stores are in South Africa, ...

EM News: Building Frontier Markets Access

EMERGING MARKETS INVESTOR: NEWS   By Gordon Platt   The development of new frontier indexes in both the fixed-income and equity markets is making it easier for institutional investors to trade often risky and illiquid securities out of just-developing markets.   ...

Danish Banks Fire Moody’s For “Business Reasons”

MILESTONES: DENMARK   By Gordon Platt   Moody’s Investors Service says something is rotten in Denmark’s mortgage industry. The country’s banks are still issuing interest-only loans, years after the real-estate bubble burst.   Copenhagen still home to interest-free mortgages Meanwhile, Denmark’s household ...

FX: Dollar Favored Over Euro, Yen

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The dollar rose sharply last month after the Federal Open Market Committee’s meeting in March signaled that further monetary easing is unlikely unless the US economy slows significantly or the inflation rate ...

World’s Best Banks 2012: Middle East

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt MIDDLE EAST The oil-exporting countries of the Middle East are enjoying strong economic growth, whereas countries that experienced political uprisings during the Arab Spring of 2011 are struggling to get back ...

World’s Best Banks 2012: Africa

By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt AFRICA Not only is Africa rich in natural resources, but it also offers the promise of fast economic growth in a number of countries, and a population lacking basic banking services. ...