Global news and insight for corporate financial professionals
MILESTONES: UNITED STATES By Gordon Platt The Federal Reserve has found a new way to communicate its intentions to the markets. It will publish forecasts for the federal funds rate, the key short-term interest rate under its direct ...
NEWSMAKERS: UNITED STATES By Paula Green Will Wall Street miss US Congressman Barney Frank, the ranking Democrat on the House Financial Services Committee (HFSC) and architect of the 2010 legislation aiming to avert another global financial disaster? Frank ...
MILESTONES: US/GERMANY By Gordon Platt Facing a $4 billion breakup fee, AT&T is working hard to make its proposed merger with T-Mobile a reality, despite regulatory stumbling blocks. Deal to create the largest US wireless carrier is in ...
MILESTONES: TORONTO By Erik Heinrich Canada’s financial capital is on track to become one of the largest global banking centers—overtaking London in the number of banking jobs by 2017, according to Moody’s Analytics. Toronto to overtake London in banking ...
NEWSMAKERS: UNITED STATES By Gordon Platt Jon Corzine, the former governor of New Jersey and once a US senator, believes that a man’s word is his bond. Fallout from MF Global raises concerns over CFTC watchfulness When ...
NEWSMAKERS: CANADA By Joel Kranc In late September, the international financial community was abuzz with the news that Jamie Dimon, CEO of JPMorgan Chase, had publicly chided the head of a central bank over his views; views that ...
NEWSMAKERS: US/GLOBAL By Gordon Platt US regulators moved closer last month to adopting the controversial Volcker Rule, which could force big banks to hold on to some trades for two months and to limit their investments in hedge ...
The Americas Argentina Mercedes Marcó del Pont Grade: D When Argentine president Cristina Fernández de Kirchner appointed political ally Mercedes Marcó del Pont to head the central bank in February 2010, there was little hope the move would lead to ...
When the International Monetary Fund and the World Bank have their annual meeting in Washington DC at the end of September, the atmosphere will most probably be very tense...
MILESTONES: US/EUROPE By Anita Hawser As governments in the US and Europe embark on a program of austerity measures, they are more eager than ever before to claw back millions from undeclared offshore accounts. Swiss banks reach deal with ...
NEWSMAKERS: UNITED STATES By Gordon Platt Billionaire investor Warren Buffett was soaking in the tub when he came up with the idea of investing $5 billion in Bank of America. Buffett banks on domestic investments The Berkshire Hathaway ...
Global Finance ranks the 50 Biggest Banks China Breaks Into The Top 10 NEW YORK, September 7, 2011— Global Finance reveals its annual ranking of the World’s 50 Biggest Banks , as measured by total assets. The world’s biggest banks ...
NEWSMAKERS: UNITED STATES By Gordon Platt David Beers, managing director and head of sovereign credit ratings for Standard & Poor’s in London, is the mustachioed face behind the rating agency’s downgrade of US treasury bonds to AA+ from ...
MILESTONES: UNITED STATES By Anita Hawser There is nothing quite like the threat of a debt default and a whopping budget deficit to focus policymakers’ minds on cutting costs. E–invoicing to reduce Treasury costs In an effort to ...
Global Finance names the World’s Best Global Banks 2011 NEW YORK, August 22, 2011 – Global Finance magazine (GFmag.com) has announced its World’s Best Banks 2011 Awards. The annual listing includes the best bank worldwide for corporate, consumer and private ...
Global Finance names the World’s 50 Safest Banks 2011 NEW YORK, August 18, 2011 – Bank stability is an ever-more pressing concern for the world’s corporations and investors. It is within this context that Global Finance announces it’s 20th Annual ...
Global Finance names the World’s Safest Banks 2011 in North America NEW YORK, August 18, 2011 — Global Finance magazine (GFmag.com) has named the top ten Safest Banks in North America in an exclusive survey to be published in the ...
Global Finance names the World’s Best Internet Banks in North America 2011 NEW YORK, July 22, 2011 – Global Finance has announced the First Round winners in the “World’s Best Internet Banks” competition in North America. This is the 12th ...
NEWSMAKERS: UNITED STATES by Gordon Platt Dimon, JPMorgan: Questioning cumulative effect of reforms As head of the most profitable US bank, JPMorgan Chase, CEO Jamie Dimon is a natural choice to lead the industry in its battle to ...
MILESTONES / CANADA by Erik Heinrich Near-monopoly: Bid faces antitrust scrutiny The London Stock Exchange (LSE) has been stymied in its attempt to take over Canada’s TMX Group, parent of the Toronto and Montreal exchanges and the TSX ...