Global news and insight for corporate financial professionals
ANNUAL SURVEY: SAFEST BANKS by Dan Keeler Global Finance selects the world's safest banks—the 50 institutions with the highest ratings from the leading international credit ratings agencies—and the safest banks in seven regions. It is a measure ...
EM REGIONAL BANKING FOCUS: AFRICA By Nick Kochan Africa's banks are looking to forge new links as they seek to expand across the continent. The African banking industry has emerged from the global financial crisis largely intact ...
With thousands of banks and a growing number of corporations attending each year, the Brussels-based international banking network SWIFT's annual Sibos conference has become a crucial forum for debates in transaction banking. This year's conference, to be held in Amsterdam, ...
ANNUAL SURVEY: WORLD'S BIGGEST BANKS by Dan Keeler Global Finance ranks the world’s 50 biggest banks, as measured by total assets After a tumultuous three years, characterized by colossal write-downs, credit ratings downgrades, nationalizations, bailouts and hurriedly ...
BANKS MAKE A BID FOR A GROWING MARKET By Anita Hawser Technological innovations and the rapid acceleration of globalization are driving a sharp increase in banks' interest in the remittances market. We are on the cusp of ...
Canada By Erik Heinrich Toronto’s Bay Street: Future home of many US banks? In the 1960s US draft dodgers headed north to Canada to avoid the war in Vietnam. Today, some 40 years later, Wall Street may be ...
EM REGIONAL BANKING FOCUS: CENTRAL & EASTERN EUROPE By Jonathan Gregson Hit hard during the financial crisis, Central and Eastern Europe's banking sector is still fragile and vulnerable to external shocks. During the boom times of ...
EM REGIONAL BANKING FOCUS: MIDDLE EAST By Jonathan Gregson Many banks in the Middle East are still suffering the after-effects of the global financial crisis. Over the past decade the Middle East's banking sector has become ...
UNCHARTED TERRITORY By Anita Hawser Banks are struggling to keep up with nonbank rivals in the race to create the next generation of payment systems. It may have been unfettered innovation that got banks into hot water ...
ANNUAL SURVEY: CENTRAL BANKER REPORT CARDS by Gordon Platt, Antonio Guerrero and Dan Keeler Central bankers sit tight in the face of renewed global uncertainty. Indications that the global economic recovery is losing momentum have created a ...
ANNUAL SURVEY: BEST INTERNET BANKS PART 1 In the first of a two-part series, Global Finance identifies the best online corporate and consumer banks by country and regionally by product or service category. By Adam Rombel The ...
COVER STORY: FINANCIAL REGULATION By Justin Keay Businesses can expect to see their top-line costs rise under new banking regulations in the US and Europe. Will it be money well spent? If in pre-credit-crunch days policymakers uttered ...
ANNUAL SURVEY: THE WORLD'S BEST SUB-CUSTODIANS Sub-Custodians Feeling The Heat Global investing in turbulent times puts the spotlight on local safekeepers. By Gordon Platt As they seek to reassure investors that their assets in foreign ...
DEALS OF THE YEAR Equity Deal Lloyds Banking Group's $22.5 billion rights issue Lead underwriters: Bank of America Merrill Lynch, UBS Investment Bank, Citi, Goldman Sachs, HSBC and J.P. Morgan Cazenove In November 2009 UK-based Lloyds Banking Group's record ...
ANNUAL SURVEY: BEST INVESTMENT BANKS Earnings from investment banking helped major financial institutions return to profitability, but the rules are changing. By Gordon Platt Major banks reported hefty gains in first-quarter 2010 profits, with a powerful assist ...
GLOBAL WINNERS Investment Bank J.P. Morgan J.P. Morgan is the best current example of a success story on Wall Street. With its fortress balance sheet and careful management of risk, the bank grew and remained profitable throughout the financial ...
REGIONAL WINNERS North America Investment Bank J.P. Morgan J.P. Morgan reported net revenue from investment banking of $8.3 billion in the first quarter of 2010. The bank not only led in debt and equity underwriting worldwide, as well as ...
SECTOR WINNERS Consumer Lazard Lazard was financial adviser on some of the biggest deals of 2009, including Kraft Foods' takeover of Cadbury, the British chocolate maker. This deal stands as a tribute to Bruce Wasserstein, the veteran dealmaker and ...
BEST LEGAL ADVISERS Global Skadden Skadden, or more formally Skadden, Arps, Slate, Meagher & Flom, was the number-one legal adviser on global mergers and acquisitions announced in 2009, according to Thomson Reuters. The firm advised on 173 M&A; deals ...
COUNTRY WINNERS North America Canada Scotia Capital Scotia Capital, the wholesale banking arm of Scotiabank, had a record year in 2009 for its equity platform. The bank participated in 211 equity deals, valued at $8.5 billion. In September 2009 ...