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Cover Story

Cover Story: World’s Best Banks 2009

Global Finance unveils its annual list of the best global, regional and country banks. By Gordon Platt Much has changed in the banking world over the past year—although not as much as might have been expected at the start of ...

Features

Features : Best In Class 2009

A selection of Global Finance’s best bank awards from the past year. BEST FOREIGN EXCHANGE PROVIDERS BEST DERIVATIVES PROVIDERS BEST SUB-CUSTODIANS BEST ISLAMIC FINANCIAL INSTITUTIONS BEST TREASURY & CASH MANAGEMENT PROVIDERS BEST TRADE FINANCE BANKS & PROVIDERS BEST INVESTMENT BANKS ...

Features : Central Banker Report Cards 2009

During one of the toughest years on record, the world’s central bankers were tested as never before. Contributors: Gordon Platt, Antonio Guerrero, Anita Hawser and Dan Keeler It is clear that 2009 is not a year on which the world’s ...

Features : World’s Biggest Banks

Global Finance ranks the world’s 50 biggest banks, as measured by total assets. By Dan Keeler This past year has seen a stunning reversal in the fortunes of the world’s biggest banks. After a flurry of eye-popping write-offs during the ...

Features: Country Report: China

THE NEXT GREAT LEAP FORWARD Ample liquidity and a bold government stimulus package have catapulted China past stumbling rival economies. By Thomas Clouse China is showing few symptoms of an economic crisis. While many of the world’s banks struggled to ...

Features: Spotlight: Business Continuity

Preparing For The Worst Multinationals are reassessing their business continuity plans as the global economic turmoil continues. By Paula L. Green In an increasingly intertwined business world with far-flung supply chains stretching across myriad time zones and cultures, a comprehensive ...

Features: World’s Safest Banks

THE WORLD’S SAFEST BANKS 2009 Global Finance selects the world’s safest banks, the 50 institutions with the highest ratings from the leading international credit ratings agencies. By Dan Keeler After two tumultuous years that saw many of the world’s most ...

Emerging Markets Roundup

Cover Story: World’s Best Banks 2009

Global Finance unveils its annual list of the best global, regional and country banks. By Gordon Platt Much has changed in the banking world over the past year—although not as much as might have been expected at the start of ...

Corporate Finance: Rising Defaults Threaten To Derail Rally

Corporate Debt By Gordon Platt The strong rally in the high-yield debt market could be running out of steam, as the number of companies defaulting on their debts continues to rise, analysts say. The US high-yield default rate rose to ...

Emerging Markets: Africa

Roundup By Antonio Guerrero Trade between Africa and China is slowing Africa has emerged as one of the key casualties of the global economic slowdown, after newly released figures show its exports to China plummeted this year. Trade between Africa ...

Emerging Markets: Brazil

Roundup By Antonio Guerrero Banco Santander floats its Brazilian operations in IPO Banco Santander in September launched a much-awaited IPO of its Brazilian unit, in a deal expected to raise more than $5 billion—one of the world’s largest IPOs this ...

Emerging Markets: China

Roundup By Thomas Clouse WTO ruling forces China to lift import tax on car parts Despite witnessing a massive surge in lending, China will maintain its relatively loose monetary policy, China’s central bank says. Chinese banks granted 7.4 trillion renminbi ...

Emerging Markets: India

Roundup By Aaron Chaze India faces water shortages as summer rains fail India’s farmers face another tough year as it becomes clear that the southwest monsoon, which usually provides 70%-80% of India’s annual rainfall, has failed this year. India’s meteorological ...

Emerging Markets: Middle East

Roundup By Gordon Platt Futuristic: Dubai’s new metro should ease traffic congestion Jordan and Iraq signed a free trade agreement in Baghdad on September 3 that will expand already fast-growing trade between the neighboring countries. Jordan’s prime minister Nader Dahabi ...

Emerging Markets: Russia

Roundup By Kim Iskyan Workers survey the damage after August’s hydropower dam disaster The Russian economy continued to show signs that it was coming out of recession, as GDP posted growth of 0.5% compared with June on a seasonally adjusted ...

Turkey: Banks Primed For Growth

Turkish Banking Turkey has a robust banking system that is ready to support the country’s economic growth. By Gordon Platt Tansan: “Turkey’s banks are the best in the world in terms of the strength of their capital structures” Turkey’s banks ...

Central Banker Report Cards

Features : Central Banker Report Cards 2009

During one of the toughest years on record, the world’s central bankers were tested as never before. Contributors: Gordon Platt, Antonio Guerrero, Anita Hawser and Dan Keeler It is clear that 2009 is not a year on which the world’s ...

Milestones

Milestones: Global Currency Could Smooth Out Volatility

Global Anita Hawser Hillier-Brook: Currency already has potential users The campaign to depose the dollar as the global reserve currency has grown significantly stronger with the publication of a United Nations Conference on Trade and Development (UNCTAD) report outlining the ...

Milestones: Governments Begin To Unwind Stimulus Programs

Global Gordon Platt London: G-20 members agree to greater coordination The Group of 20 finance ministers and central bank governors agreed at a meeting in London on September 5 that it was far too early to begin unwinding the emergency ...

Corporate Finance

Cover Story: World’s Best Banks 2009

Global Finance unveils its annual list of the best global, regional and country banks. By Gordon Platt Much has changed in the banking world over the past year—although not as much as might have been expected at the start of ...

Corporate Finance: Brazil, China Lead Global IPO Rebound

Global Equity/drs By Gordon Platt Brazil and China accounted for two-thirds of global capital raised through initial public offerings in the second quarter, with the United States and Europe lagging behind. The US market sprang to life in July and ...

Corporate Finance: Rising Defaults Threaten To Derail Rally

Corporate Debt By Gordon Platt The strong rally in the high-yield debt market could be running out of steam, as the number of companies defaulting on their debts continues to rise, analysts say. The US high-yield default rate rose to ...

Newsmakers

Newsmakers: Economic Gloom Deepens As Honduras Crisis Continues

Honduras Antonio Guerrero Zelaya: Garnering interna tional supprt After Honduran soldiers stormed leftist president Manuel Zelaya’s home in June and he fled into exile, many speculated the Central American nation’s economy was poised for growth. After all, Zelaya had aligned ...

Newsmakers: Geithner Presses For Controls On Banks’ Risk-Taking

United States/Global By Gordon Platt Geithner: There should be no return to business as usual It looks like there could be significant reform of the global banking system after all. US Treasury secretary Timothy Geithner pushed for meaningful reform at ...

Newsmakers: Potential Lula Successor Clears Legal Hurdle

Brazil Antonio Guerrero Palocci: Stillfacing more corruption allegatio ns Former Brazilian finance minister Antonio Palocci has won a political victory after the country‘s Supreme Court dismissed charges that he violated bank secrecy laws. The ruling could put Palocci, a 49-year-old ...

Newsmakers: UK Regulator Lashes Out At Bankers

United Kingdom Justin Keay Turner: City of London engages in “socially useless activity” A year has passed since the near implosion of the world’s financial system, and intelligent opinion in Britain remains divided between those wanting the City punished and ...

Additional Stories

Corporate Finance Focus: M&A

By Gordon Platt Sovereign wealth funds could play a big supporting role as global mergers and acquisitions try to get back on track following a dramatic slowdown in M&A; activity during the credit crisis and global recession. While they are ...

Supplement: Turkey Investment Supplement 2009

By Gordon Platt Contributing Writer gplatt@gfmag.com With a motivation for continuing reforms and a strong banking system, Turkey is well positioned to take advantage of the global economic recovery. Its strategic location and the security it can provide Europe as ...

Turkey: EU Accession Process

WAITING IN THE WINGS Egemen Bagis, chief negotiator, says the country’s reform efforts will pay off and admits that Turkey has made some mistakes in the past. By Gordon Platt Turkey somberly marked the 50th anniversary in July of its ...

Turkey: Inward Investment

DYNAMIC GROWTH POTENTIAL Turkey’s leaders have been actively promoting inward investment—with resounding successful results. By Gordon Platt Turkey is rolling out the red carpet for foreign investors, hoping to capitalize on its considerable growth potential once the global economy recovers. ...

Turkey: Leading The Way

LEADING THE WAY At the presidential palace in Ankara on July 21, Turkey’s president, Abdullah Gul, met with Global Finance for a wide-ranging interview covering Turkey’s role in the global economy and its international relations. Global Finance: Is Turkey indispensable ...