Global news and insight for corporate financial professionals
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 ...
MILESTONES: UNITED STATES By Anita Hawser It may have taken only 12 days of deliberations for the jury in the Galleon trial to convict Raj Rajaratnam, the co-founder of Galleon Group, of 14 counts of securities fraud, but ...
NEWSMAKERS: UNITED STATES By Gordon Platt Sheila Bair, the populist bank regulator who warned in advance that the subprime mortgage crisis was coming, is stepping down on July 8 as chairman of the Federal Deposit Insurance Corporation. ...
North America Rising Markets Lift Banks North America’s banking system is in much better condition than it was before the financial crisis erupted. It has significantly more Tier 1 capital and plenty of liquidity, thanks in part to the Federal ...
NEWSMAKERS: UNITED STATES By Gordon Platt Speaker of the US House of Representatives John Boehner told his fellow Republicans to prepare for a government shutdown last month, as the standoff with Democrats on the budget came down to ...
NEWSMAKERS: UNITED STATES By Anita Hawser With the US economy still in recovery mode, monetary policy decisions of the Federal Reserve can have a major impact on which way the markets move. Bernanke opens up But now, ...
MILESTONES: CANADA By Erik Heinrich As Canada heads early this month into its fourth federal election in seven years, policymakers are facing serious questions over the prospects for the country’s economy. Canada slows spending The Bank of ...
Global Finance Announces Best Banks by Region 2011 NEW YORK, April 8, 2011 – Global Finance magazine has announced its annual awards for the World’s Best Banks in Developed and Emerging Markets. For the first time, the selections will be ...
MILESTONES: UNITED STATES By Gordon Platt Panic-stricken residents of Western US states cleared pharmacy shelves of potassium iodide tablets last month, amid fears that radiation from Japan’s nuclear crisis could reach the West Coast. Obama: No plans ...
MILESTONES: UNITED KINGDOM / UNITED STATES By Anita Hawser Banks are scrambling to launch electronic trading platforms for derivatives transactions such as credit default swaps (CDSs) in an attempt to get ahead of planned regulatory changes aimed at ...