The big bank is the only systemically important US financial institution found to depend too heavily on wholesale sources of funding.
To most people the idea of infrastructure investment denotes visions of water systems, highways and bridges, and basic general services usually relegated to municipal authorities. Recently, however, at the Canadian Council for Public Private Partnerships Conference in Toronto, a new model for infrastructure was discussed – that of the “intelligent city.”
Cash is still king, and unlocking trapped cash or investing it for higher yield remains one of the major preoccupations of most corporate treasurers.
Corporate bond markets denominated in domestic currencies are developing rapidly in many emerging markets, enabling local companies to issue debt without having to worry about repaying it in revalued dollars.
As China’s top political leaders gathered this week in Beijing for their annual conclave amid expectations for a new reform push, a joint study by two U.S. think tanks said that the world’s second-largest economy is undergoing a massive overhaul of its obsolete growth model.
In what is considered a first step for even bigger foreign direct investment to Sri Lanka, TPG Capital announced in August it would invest $113 million to buy a majority stake in Union Bank, a small distressed financial institution based in Colombo.
Indonesian president Susilo Bambang Yudhoyono has just announced seven new infrastructure projects, worth $1.1 billion, as part of master plan to accelerate and expand Indonesia's economic development.
This month the European Central Bank will start to buy euro-denominated asset-backed securities (ABS) and covered bonds in an effort to revive a market that has been sharply impaired since the financial crisis.
Inside Sibos | Review
At this year's event held in Boston, there seemed to be a greater sense of urgency among the banks about the need for change.
Inside Sibos | Review
From a product perspective, a key area of commitment is related to trade documentation: “We have been active in this area for many years and it is undergoing transformation. I am convinced that BPO [bank payment obligations] will have success..."
Inside Sibos | Day 3
“Global Transaction Banking is the fastest growing unit in Société Générale,” says Christian Behaghel, head of GTB at Societe Generale. “It is a very stable business, and while we generate something like 6% of the total revenue of the bank, we are experiencing growth of our revenue of 10-15% a year.” This compares, he says to some areas of retail banking that have 0-2% growth a year.