UK-based Barclays has reduced its shareholding in Johannesburg-listed Barclays Africa from 62.3% to 50.1% this year and is believed to be seeking to reduce that stake further to around 20%.
Global Finance unveils its annual lists of the best banks in the world, globally, regionally and by country. The winners outperformed their peers and provide top-notch service to clients in a challenging environment.
Africa's enormous potential for growth is hampered by its citizens' lack of access to banking.
Yann Gérardin, head of corporate and institutional banking, talks about how BNP stays ahead in serving corporate and institutional clients.
With a wealth of cultivable land, Africa seeks to develop agriculture.
The EU hit Apple with a tax bill, but it's not the only company in regulators' sights. McDonalds, Facebook, Google and Amazon are being called on the carpet about tax practices too.
Ireland | Ireland has been a eurozone growth powerhouse in recent years, and remains strong, despite Brexit.
While Asia recently pulled ahead of the West as home to wealthy individuals, some private banks are pulling out, leaving the field to nimble local rivals and committed global Goliaths.
Facing reputational risk and poor prospects, private banking operations are bailing on Russia and encouraging its wealthy to park their assets offshore.
Management | Corruption
At the anticorruption summit held in London last month, world leaders pledged to fight tax dodging, boost transparency and redouble efforts to confiscate and repatriate stolen assets to many of the world’s poorest countries.
The Panama Papers’ revelation that Iceland’s prime minister had offshore interests, including claims on Icelandic banks, caused outrage in this naturally volcanic island state.
The banking industry’s leading lights have largely adjusted their business plans to a world of tighter regulations, higher capital requirements and less leverage. Now, they are taking on new competitors by embracing the very information technology that has disrupted their business.
Global Finance presents the winners of its 23rd annual awards for the World’s Best Banks.
Riding the commodities boom, Angola’s economy seemed invincible against recent global shocks. But the current slump in oil prices is forcing the country to rethink its dependence on oil.
José Pedro de Morais, governor of Banco Nacional de Angola, spoke with Global Finance about the central bank’s efforts to restore order and build confidence in the country’s financial system.
He has been called a “rock star” in Portugal’s popular press.
Capital Markets | Fixed Income
A bail-in provision, which places the onus on bondholders and other investors to write down their holdings in the event of winding up a troubled financial institution within the European Union, came into effect on January 1, 2016.
The International Monetary Fund decided last month to alter its long-standing policy of not lending to countries with arrears to official creditors—national governments or agencies they sponsor—thereby enabling it to continue lending to Ukraine should it fail to repay on time a $3 billion bond due to Russia.
When former UBS and Citigroup derivatives trader Thomas Hayes was found guilty last month on all eight charges of conspiracy to manipulate Libor, it was the verdict heard around the world.
Regional Report | The Caucasus
Azerbaijan, Georgia and Armenia, the nations that make up the region of the Caucasus, are all working hard to improve their business and economic climates, but with varying degrees of success.
Regional Report | Central & Eastern Europe
Although geopolitical risks are still keeping executives awake at night, there has been a remarkable turnaround in some countries of the region, thanks in large part to structural reforms—implemented early and strongly.
Profiling this years winners of the World's Best Banks across all regions.
Banking | Portugal/Angola
A tug of war is developing over Portugal’s fourth-largest lender, Banco BPI, between its two largest shareholders.
Newsmakers | United Kingdom
After a bumpy ride, the UK’s candidate, lord Jonathan Hill, has been confirmed by the European Parliament as commissioner for financial stability, capital markets and financial services.
AFRICA 2014 | INTRA-AFRICA TRADE
The rise of the African consumer market is providing an opportunity for domestic companies to increase their footprint across the region.
NEWSMAKERS | UNITED KINGDOM
From Washington to Madrid, there was a collective sigh of relief breathed around Western capitals when Scottish voters decided by a majority of 55% to reject the call for independence and remain part of the United Kingdom. For all those who did not want Scotland to secede, an unlikely hero had emerged in the form of Gordon Brown.
Global Finance unveils its annual list of the best banks globally, regionally and by country. The banking industry remains under stress, but there are bright spots.
The outcome of this September’s referendum on Scottish independence remains too close to call.
Although hit hard by the global financial crisis, Latvia, Lithuania and Estonia recovered quickly. The three countries are building ever-closer EU ties to separate themselves economically from Eastern neighbors.
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.
MARKET FOCUS By Jonathan Gregson Equity derivatives are no longer the preserve of hedge funds. Institutional investors and corporates are increasingly using them to offset risk and manage share buybacks. Equity derivatives markets emerged from their post-financial-crisis ...
Azevêdo: Organization man Remember the days when accession to the World Trade Organization was seen as an admittance ticket into the global economy, a prize hugely desired by China and other developing nations? Things have changed slightly in recent years, ...
Africa continues to outperform other emerging markets, but not all of its 54 countries are moving at the same pace when it comes to political, economic and social developments.
TECHNOLOGY IS THE TRUMP CARD By Jonathan Gregson, Antonio Guerrero, Anita Hawser, Gordon Platt and Michael Shari Global Finance unveils its annual list of the best banks globally, regionally and by country. The winners have all demonstrated dedication ...
Mongolia, which has been growing at double-digit rates since the short recession that followed the global financial crisis, is struggling to find the right path in making use of abundant resources to improve the lives of its citizens, while providing a stable and fair business environment for investors.
BRIGHT STARS By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt Following a year that included some of the biggest scandals in banking history—the London Whale, the Libor rate-fixing scandal, widespread money laundering, insider trading, rogue trading and ...
By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt TOUGH TIMES CONTINUE IN EUROPE Europe remains mired in recession. Apart from Germany and the Nordics, major European economies are either flatlining or, as among the southern peripherals, contracting ...
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 ...
By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt CONSERVATIVE LENDING AND RECORD EARNINGS IN THE MIDDLE EAST Many of the largest banks in the Middle East posted record earnings in 2012, as they continued to pursue conservative lending ...
By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt LOCAL BANKS INCREASE MARKET SHARE While European banks have dominated Latin America’s banking sector for more than a decade, their stronghold has recently weakened. Some have sold local assets ...
By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt REGIONAL ECONOMY ON SOLID GROWTH PATH Asia’s regional economy continues to grow steadily, despite the tepid recovery in the United States and sovereign debt issues in Europe. The region’s ...
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 ...
A RACE TO THE FINISH By Jonathan Gregson With several of the world’s fastest-growing economies to be found in sub-Saharan Africa, investors are keen. They are now looking beyond the commodities sector, and China continues to lead the ...
By Gordon Platt, Thomas Clouse, Jonathan Gregson & Antonio Guerrero Regional Winners BEST BANK IN NORTH AMERICA JPMorgan Chase JPMorgan Chase is the top US bank by assets. “For America’s largest companies, we raised or lent over $720 billion ...
By Gordon Platt, Thomas Clouse, Jonathan Gregson & Antonio Guerrero Country Winners World’s Best Banks 2012 Back To Main Article World’s Best Banks 2012: Global Winners World’s Best Banks 2012: Regional 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 ...
DIAMONDS IN THE ROUGH By Gordon Platt, Thomas Clouse, Jonathan Gregson & Antonio Guerrero The World’s Best Banks undoubtedly have flaws, but their fundamentals are improving. Global Finance unveils its annual list of the best banks globally, regionally ...
UNDERMINING THE CULT OF EQUITY By Jonathan Gregson As alternative investments become mainstream and returns diminish, the traditional bias toward equity investment is being challenged like never before. Even before globalization became a major theme, big investors had ...