After more than seven years at the head of Bank of Mexico, Agustín Carstens, 59, leaves a country “more resilient,” he tells Global Finance Magazine, as he moves to a new post at the Bank for International Settlements. With the Americas at risk from rising protectionism, Carstens emphasizes the benefits of NAFTA. It’s better, he says, to tackle directly the negative impacts of globalization than to push back against widely beneficial economic integration.
Banorte CEO José Marcos Ramírez Miguel sees less risk now from revising the regional trade deal, even a “very positive impact” on Mexico’s economy.
Emerging markets could see funds flowing back to them as central banks unwind quantitative easing and liquidity flows back to emering market assets.
Six years after its bailout, Portugal is still saddled with one of the highest levels of debt in the region.
A positive macroeconomic outlook and a sharp decline asset prices are once again making Brazilian investments attractive for large international private equity firms, which are cautiously returning after three years of economic crisis.
HUMAN RESOURCES | Performance appraisals drive everyone nuts, but many US companies are doing them more often.
Trends | Shadow Banking
Renaud Laplanche, Lending Club’s founder, chief executive and public face, resigned abruptly in mid-May. His resignation casts a pall over not only the peer-to-peer lender that claims to be the world’s largest online marketplace connecting borrowers and investors, but also the shadow banking industry as a whole.
Capital Markets | Cross-Border Payments
Forty-five international banks have teamed up with the financial messaging provider Society for Worldwide Interbank Financial Telecommunication (SWIFT) to launch an initiative aimed at making cross-border payments faster and more transparent.