CORPORATE FINANCING NEWS | MERGERS & ACQUISITIONS
TECHNOLOGY | CORPORATE CONNECTIVITY
Corporates and their banking partners still often speak different digital languages, but new initiatives by SWIFT and SAP should make connectivity easier. And increasing competition will be a good thing for corporates, sparking innovation and driving down costs.
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.
The People’s Bank of China and the African Development Bank agreed last week to establish a $2 billion co-financing fund.
Do you remember the 2007-2008 financial crisis? Its daunting impact on the world economy is finally fading away and the US Federal Reserve Board is slowly moving to a less expansionary monetary policy, but the debate on its causes and, more important, on what is needed to prevent similar episodes from happening again is still very much alive.
The fight has just begun, as newly enacted Fed rules start to cramp long-accepted operating styles of global banks. The banks are weighing what to do about it—as are global policymakers.
Corporate banking has always lagged the retail sector when it comes to the adoption of digital technologies, but mobile-banking services are gathering pace—and some visionaries are even contemplating banking services based on wearable technologies.
NCB Capital, a major Saudi Arabian investment bank, named Sarah Al-Suhaimi, an accomplished asset manager, as its new CEO. She is the first woman to head an investment bank in the kingdom. The Saudi government owns part of National Commercial Bank, which controls NCB Capital.
“Bob Diamond exists to make money for Bob Diamond, whatever he says. This isn’t to help develop Africa, it’s to make money for Bob Diamond and his partners.”
Since the global financial crisis, US regional banks have taken market share in corporate banking away from the national money-center banks, which have dialed back on risk to rebuild their balance sheets.
In our 21st annual survey, Global Finance identifies the best banks in 150 countries and eight regions. The winners are not always the biggest banks, but rather, the best—those with the qualities that corporations should look for when choosing a bank.
Inter-Asian trade will lead the agenda items at this year’s annual Asian Development Bank meeting, to be held May 2-5, 2014, in Astana, Kazakhstan.
MILESTONES By K.A. Badarinath India’s plan to issue as many as 12 new banking licenses may be put on hold until a new government is chosen in the country’s parliamentary elections in April. The Reserve Bank of India, which will ...
ANNUAL AWARDS: HIGH-OCTANE YEAR Global investment banks will face a tremendous challenge as they strive to continue running their underwriting businesses at the elevated levels they reached in 2013. Many of the largest banks on Wall Street reaped a windfall ...