Annual Awards honoring the Best Islamic Financial Institutions in the world.
Corporate Social Responsibility
Special Report | Private Banking
Offshore banking, the booking and management of assets outside an individual’s country of domicile, has taken a beating since the financial crisis.
Capital Markets | Debt
Issuance of green bonds, which raise funds to support environmentally beneficial activities, more than tripled last year, to $36 billion, according to the World Bank.
SEC & Executive Compensation | Five years after the 2010 Dodd-Frank financial reform act, several of its controversial corporate governance provisions on executive compensation continue to wend their way through the system.
Newsmakers | Nicaragua
When Nicaraguan president Daniel Ortega announced last December a plan to construct a controversial transoceanic waterway that would provide an alternative to the Panama Canal, he vowed the project would create jobs and bring prosperity to the hemisphere’s second-poorest nation.
Management | Metrics
Corporations and analysts turn to scores of metrics—return on assets, working capital and others—to determine a company’s financial health. Another, the ratio of debt to internal funds, is one of the most widely used benchmarks. But a new study suggests that the debt-to-funds ratio isn’t all that accurate in predicting or explaining default risk.
Trends | Credit Ratings
More than six years after the housing market crashed—dragging the world economy and stock markets down with it—Standard & Poor’s settled in early February with the Securities and Exchange Commission for its alleged part in triggering the meltdown. The price was relatively cheap, as these things go: $1.4 billion with no admission of wrongdoing.
Milestones | India
The Reserve Bank of India’s recent bid to offer licenses for setting up small finance and payment banks has elicited an overwhelming response, with at least 113 companies entering the fray.
Vatican | Newsmakers
René Brülhart, known as the “James Bond of the financial world” for his high-profile role in cases such as the return of assets from Saddam Hussein to post-war Iraq and the uncovering of the Siemens bribery scandal, has become chairman of the Vatican’s anti-money-laundering unit.