1. Magazine
  2. June 2014

June 2014

Magazine Cover

Editor's Letter

DEAR READER
The return of growth in most of Europe and the renewed leadership of the US in economic advancement should not distract from critical developments in some of the major emerging economies.

Cover Story

IS BITCOIN GOOD FOR BUSINESS?

COVER STORY: CRYPTOCURRENCIES
Still in their infancy, cryptocurrencies could change the way that companies manage payments for the goods and services that are the essence of global trade. As the bitcoin surge picks up momentum, corporate financial executives are wondering what it means for their business and how they can manage the risk of adopting—or not adopting—digital currencies.

Features

A NEW SUNRISE FOR SPAIN?

COUNTRY REPORT
Although the hardships are far from over, the Spanish economy and banking system may finally be on the mend, with three components interrelating in a virtuous cycle: rebounding exports, rising consumer confidence, and a commitment to reform geared toward economic adjustments.

NOT FOR THE FAINTHEARTED

SPECIAL REPORT: LATIN AMERICAN INVESTMENT BANKING
Small, but quite competitive, Latin America’s investment banking markets are upbeat this year, driven mainly by infrastructure growth.

SHADOWS OF THE PAST

COUNTRY REPORT: UNITED ARAB EMIRATES
Despite a fast-growing economy and plans to boost growth via infrastructure investments, debts are mounting again at Dubai’s government-related entities. Is the day when Dubai World almost collapsed coming back to haunt investors?

Award Winners

Global Salon

Special Section

Milestones

Corporate Finance

Newsmakers

Sponsored

Trends

EUROPEAN STRESS TESTS MAY STILL BE TOO SOFT ON BANKS

Upcoming stress tests for Europe’s 124 largest banks will have more credibility than they had previously, but some analysts argue that banks may need far more capital than regulators demand to withstand a crisis. And any hoped-for international standardization in terms of stress testing is out the window as there is little comparability between the upcoming European and recently completed US bank tests.