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.
Cuba: News that Anglo-Dutch consumer products company Unilever will return to Cuba to build a $35 million plant in the special development zone at the port of Mariel, about 40 kilometers west of Havana, is one of the clearest signs yet that the communist nation is taking a more pragmatic approach to foreign direct investment.
Societe Generale and the Ecobank-Nedbank alliance, are two major players preparing for growth in African transaction banking in the next decade.
At SIBOS in Singapore, Global Finance honored those banks who are investing in digitizing service offerings to weigh in against new, non-traditional competitors.
Inside SIBOS | Day 2
High on corporate treasurers’ agenda – getting ready for the next global financial crisis
Arabia is meeting with some success in its efforts to entice foreign investors to six new economic cities in the kingdom.