Left to right: Robert Merton, Myron Scholes and Fisher Black Markets are known to be risky, but what if you could design insurance that would protect against losses?
Reknowned economist James K. Galbraith, one of our expert panelists, pulls no punches in talking about the damage wrought by financial innovation
It’s been another crazy year, with Brexit, the election of Donald Trump as US president, tensions building up with Russia, continued strife and displacement in Syria and rising tensions in Asia, all of which are affecting global markets.
Islamic financial institutions continue to forge ahead in financial product innovation and process development, meeting conventional banks head-on in competition.
Global Finance: What are the unique features of the Al Nuwair Deposit Account? And what about the Eservice Gold Account? Fahad Khaled Al-Mukhaizeem: Al-Nuwair deposit is an innovative investment deposit that promises clients with expected profit rates based on the ...
Vinod Madhavan, Head, Transactional Products & Services for Standard Bank Africa at SIBOS 2016 Geneva talks with Global Finance Editor Andrea Fiano.
Read how these winning financial institutions earned designation as one of the World's Best Banks for 2016.
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.
Jennifer Tory, group head, personal and commercial banking at RBC, discusses the bank’s ongoing quest to blend its digital and physical channels for clients.
Global banks have been reducing correspondent banking clients, either because they are commercially unviable or they fail today’s higher financial crime prevention standards. Efforts are now being made to rectify the situation.
The so-called Panama Papers, more than 11 million leaked documents from a Panamanian law firm, are shining a spotlight on the scope and financial impact of the offshoring financial industry and global efforts to move assets to tax havens or less-regulated jurisdictions.
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.
Uncertainty over the future has grown, while growth forecasts have been cut.
The Middle East is no stranger to political and economic uncertainty, but simmering religious and political tensions and stubbornly low oil prices have dealt the region a difficult hand. The question now is: How will countries play in order to win?
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.
Saudi Arabia is the Gulf Cooperation Council’s largest economy, but major economic, political and social challenges threaten the kingdom’s immediate economic future. Reducing its dependence on oil and gas is now a case of when, not if.
But big, national competitors can’t always offer the local touch and expertise that regional clients prize.
Steady revenue streams make transaction banking attractive during times of volatility. But tech and upstart competitors are remaking the business.
FinTech | Trends
The launch of the blockchain-enabled asset trading platform Nasdaq Linq, Goldman Sachs’ filing of a patent for a securities settlement system based on a new virtual currency called SETLcoin, and the continued rise of blockchain banking consortium R3 all point to a race by financial institutions to harness the power of the blockchain.
The country’s dominant bank sees future growth coming from the small-business market and from regional customers.