Global news and insight for corporate financial professionals
THE WORLD’S BEST GLOBAL BANKS A growing global economy made it some-what easier to be a banker in the past 12 months, as credit risks generally de-clined and de-mand for bank-ing services was brisk. The skills of the world’s bankers ...
ASIA PACIFIC ARMENIA HSBC BANK ARMENIA Armenia’s banking sector has largely consolidated, but it is still relatively trouble plagued. Even after so many problem banks have closed, HSBC’s ability to provide banking services and products has helped it care out ...
The World’s Best Banks The World's Best Banks Global Corporate Citigroup Consumer HSBC Private UBS Asset Management UBS Custody The Bank of New York Investment Citigroup North America US Citigroup Canada Scotiabank Latin America Argentina Banco Macro-Bansud Barbados FirstCaribbean International ...
How to deal with the surplus capital on their balance sheets has become a key challenge for many financial institutions. For some companies, not having enough capital is a constant source of headaches. However, the situation is quite different for ...
Indonesia’s government appears to be taking its role in driving economic growth seriously. Its progressive attitude is helping businesses, both domestic and foreign-owned, to grow and become more competitive. Peter Fanning doesn’t have much time for relaxation these days. The ...
This year has been an interesting time to be a central banker. With the US dollar taking a tumble against almost all other currencies, the world’s central bankers have had to take a long hard look at their exposure to ...
Cyprus has experienced a great deal of change recently but still faces the future with a good deal of optimism It has been an eventful year for the beautiful but divided eastern Mediterranean island of Cyprus. On May 1 Cyprus ...
Global Finance ranks the world's 50 biggest banks, as measured by total assets. This year has been an interesting time to be a central banker. With the US dollar taking a tumble against almost all other currencies, the world’s central ...
WORLD’S BESTB ANKS The big international banks make it look easy, sweeping up dollars and euros and various other currencies from remote corners of the world and investing the resulting cash pile in the highest-yielding instruments with acceptable risks, in ...
The World’s Safest Banks 2004 Global Finance selects the World’s Safest Banks, the 50 institutions with the highest ratings from the leading international credit ratings agencies. It is perhaps a sign of things to come that a giant French bank ...
THE WORLD’S BEST GLOBAL BANKS A growing global economy made it some-what easier to be a banker in the past 12 months, as credit risks generally de-clined and de-mand for bank-ing services was brisk. The skills of the world’s bankers ...
Brazil After months of market talk indicating that a marked improvement in Brazilian fundamentals would lead to an upgrade in its sovereign ratings, Moody’s took the first step and upped the country’s long-term foreign currency debt to B1 from B2 ...
India If the newly installed minister of petroleum has his way, then Indian industry will see the largest merger ever. The Indian oil industry's functions, from exploration and production and refining through to marketing, are controlled or dominated by government-owned ...
China Chinese industrial output rebounded in August after months of decline. Analysts said strong export growth could explain some of the 15.9% year-on-year rise. But the data suggests state measures to cool off China’s economy are becoming less effective, fueling ...
Russia The so-called Yukos affair continued to dominate headlines. The naming of Dresdner Kleinwort Wasserstein to value the oil company's major production unit, prior to an anticipated sale to raise proceeds to pay off Yukos's still-mounting tax bill, briefly reassured ...
This year has been an interesting time to be a central banker. With the US dollar taking a tumble against almost all other currencies, the world’s central bankers have had to take a long hard look at their exposure to ...
United States Some who saw the announcement were so shocked by the number that they thought it was a misprint when the US treasury reported the results of indirect bidding at a $9 billion auction of reopened 10-year government bonds ...
Latin America Two hundred years after Latin American liberator Simon Bolivar proposed creating a League of South American Republics, some Latins are calling for the establishment of a political and economic union to rival the EU. Some have even begun ...
United Kingdom Perceptions of the UK’s international competitiveness have suffered a blow with studies indicating that low productivity is costing the economy £87 billion annually. According to a study conducted by Proudfoot Consulting, the banking and finance industry is among ...
Rainbow National Offering Clears Way for Spin-Off Rainbow National Services, the programming subsidiary of Bethpage, New York-based Cablevision Systems, sold $800 million of notes in a two-part offering in the private-placement market. Cablevision, which began as a cable television operator ...
Royal Bank of Scotland Issues Preference Shares Royal Bank of Scotland, the second-largest bank in the UK, issued $925 million of preference shares in the form of American Depositary Receipts. A portion of the proceeds may be used to help ...
ASIA Bidding War Erupts For Japanese Bank Sumitomo Mitsui Financial made a $29 billion hostile bid for UFJ Holdings, which already had plans to merge with Mitsubishi Tokyo Financial. Either suitor’s pairing with UFJ would create the world’s largest bank ...
United States An SEC proposal to register hedge fund advisers has received a mixed response, with some welcoming it as long overdue and others saying it could impose a regulatory burden that would mean the SEC was less able to ...
United Kingdom Diminutive Sir Martin Sorrell, chairman and chief executive of London-based WPP, has thrown his weight around and emerged at the top of the advertising and media-services world. Sir Martin realized his lifelong dream of dominating the global advertising ...
United States One wonders what Frenchman Michel David-Weill is thinking these days as Lazard, the closely held investment bank that his immigrant family founded in 1848 as a New Orleans dry goods store, may soon be on the auction block. ...
Panama He doesn’t carry the star appeal of Panamanian tourism minister and international salsa king Ruben Blades. But neither does he have the ominous family name of Panama’s newly elected centrist president Martin Torrijos, son of the notorious long-time dictator ...
Strong-Dollar Policy May Survive Election The official currency policy of the US administration in the years ahead will continue to be that a strong dollar is in the best interests of the country, no matter who wins next month’s presidential ...
ASIA Bidding War Erupts For Japanese Bank Sumitomo Mitsui Financial made a $29 billion hostile bid for UFJ Holdings, which already had plans to merge with Mitsubishi Tokyo Financial. Either suitor’s pairing with UFJ would create the world’s largest bank ...
