Global news and insight for corporate financial professionals
With bank stability still high on corporate and investor agendas, Global Finance magazine publishes in the October 2009 issue its annual list of the world’s safest banks. Global Finance has published its world’s safest banks listing for 18 years. ...
THE WORLD'S BIGGEST BANKS 2008 Rank Name Country Fiscal Year Total Assets ($b) 1 Royal Bank of Scotland Group United Kingdom 12/2007 3,807 2 Deutsche Bank Germany 12/2007 2,974 3 BNP Paribas France 12/2007 2,494 4 Barclays United Kingdom 12/2007 ...
NEW YORK, July 21, 2009 — Global Finance has announced the First Round winners in the “World’s Best Internet Banks” competition in the Middle East and Africa. This is the 10th year Global Finance has named the World’s Best Internet ...
President Obama's determination to do "whatever it takes" to rebuild the economy appears to be paying off. But it is his actions across the whole range of policy initiatives that will have the greatest impact on global corporations. By ...
China and Brazil appear to be joining forces in an attempt to unseat the dollar as the de facto global reserve currency. By Anitar Hawser According to Brazil’s central bank, the two countries are actively discussing trading with ...
CHINA / UNITED STATES Wen Jiabao: May be preparing ground for major policy shift. Wen Jiabao, China’s premier, has had a lot to say about US treasury bonds and the relative value of the yuan lately. Perhaps he ...
United Kingdom/United States Perella: Sees major opportunities Joseph Perella’s new investment firm looks well positioned to book some major deals in the Middle East. With petrodollars from around the world flooding into investments in the Gulf ...
UNITED STATES Hardhitting team appointed to curb US carbon emissions With a new line-up of officials steering Washington’s environmental and energy policies for the next four years and global talks under way to iron out a successor pact ...
Regional report Calls to renegotiate Nafta are growing louder, and as the three member countries’ economic travails deepen, the arguments for a revision are gaining ground. The economic crisis that began in the United States has had a dramatic ...
GLOBAL BANKS Corporate Bank JPMorgan Chase Consumer Bank HSBC Private Bank Credit Suisse Asset Management State Street Global Advisors Custody The Bank of New York Mellon Investment Bank Goldman Sachs Cash Management Citi Trade Finance BNP Paribas Foreign Exchange Deutsche ...
UNITED STATES As the credit crisis deepens and government measures to kick-start bank lending fall short of the mark, the mood among company CEOs, particularly those with operations in Europe and Asia, is beginning to darken. These are the ...
UNITED STATES Barack Obama takes the oath of office during the inauguration ceremony President Barack Obama’s inauguration on January 20 bordered on a coronation, but the rhetoric will have to be turned quickly into reality if the historic ...
United States Marenzi: Interbank lending assertions are puzzling. A chorus of dissenting voices has emerged that is challenging the widely held belief that interbank lending markets have dried up, commercial lending is being curtailed, and non-financial commercial paper ...
UNITED STATES IMF headquarters in Washington DC. Just as a reenergized International Monetary Fund has been basking in the glory as the potential savior of the world’s crumbling economy (see cover story, page 28), the agency has found itself under ...
UNITED STATES Bernanke: Running out of weapons in the battle against economic turmoil. Federal Reserve chairman Ben Bernanke urged Congress last month to pass a second economic stimulus plan, saying that the US economy was likely ...
UNITED STATES Kicking the habit: Shoppers slash spending. Will declining gasoline prices encourage American consumers to pile into the family automobile and head out to the mall? Retailers hope so, but signs were not encouraging as the key ...
LESSONS FROM EUROPE Corporate comprehension of the benefits of going green is far more advanced in Europe than in the US. But America’s businesses could easily catch up. Stark differences: Europe and the US have taken very different ...
UNITED STATES High hopes: Schwab looks to trade agreements to bolster US economy. Following the collapse of the Doha Round of world trade talks this summer, the United States is pinning its hopes on new bilateral trade agreements ...
UNITED STATES Naimon: Companies are keen to use third-party finance. As the solar energy industry struggles to improve its photovoltaic technology, a viable financing model may provide the missing link to the market. Almost two years ago, HSH ...
UNITED STATES George Soros: The "scariest" part of the current turmoil is CDSs. George Soros, founder and chairman of Soros Fund Management, warned the World Economic Forum in Davos in January that the world is facing its ...