The outcome of this September’s referendum on Scottish independence remains too close to call.
FINANCE & CAPITAL | CAPITAL MARKETS
The European Central Bank’s adoption of a negative deposit rate for banks’ excess reserves [meaning they charge interest for bank reserves held at the ECB] could have a widespread impact on money markets and corporate cash-management policies.
With strong underpinnings for reform now in place, Portugal is seeing signs of economic improvement. But now that it has increased exports, will greater vulnerability to global trade winds haunt growth?
African success story M-Pesa dials up Europe.
The ECB grows up as it takes on bank supervisory powers.
CORPORATE FINANCING NEWS | FOREIGN EXCHANGE
Upcoming stress tests for Europe’s 124 largest banks will have more credibility than they had previously, but some analysts argue that banks may need far more capital than regulators demand to withstand a crisis. And any hoped-for international standardization in terms of stress testing is out the window as there is little comparability between the upcoming European and recently completed US bank tests.
CORPORATE FINANCE FOCUS | CORPORATE DEBT
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.
Mergers and acquisitions involving Russian companies, including Morgan Stanley’s planned sale of its global oil-trading unit to Rosneft, are threatened by Western sanctions on Moscow over the Ukraine crisis.
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.
Inflation in the eurozone slipped to 0.5% at an annual rate in March, its lowest level since 2009. The persistence of low inflation prompted policymakers to discuss quantitative easing (QE) and a negative deposit rate, putting some downward pressure on the euro.
NEWSMAKERS By Valentina Pasquali Headed by 39-year-old prime minister Matteo Renzi, Italy’s new government is the youngest in the country’s history. But at the helm of the ministry of Finance is an official with a lot of stripes—the former chief ...
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 ...
CORPORATE FINANCING NEWS By Gordon Platt The European Central Bank’s refusal to ease monetary policy in the face of below-target inflation boosted the euro to its highest levels of the year in March, while the British pound rose ...
MILESTONES By Luca Ventura The oldest multinational in the world is about to get a substantial makeover. The news came on February 24th, when its CEO, Jorge Mario Bergoglio, also known as pope Francis, issued a Motu Proprio, ...
UniCredit Holding, Milan The write-offs taken in early March by UniCredit may fall well short of what Italy’s largest bank needs to do to satisfy the European Central Bank before it takes over supervision of UniCredit and other EU members’ ...
LOCATION: LONDON, UK Global Finance held its Best Trade Finance Banks 2014 ceremony during the BAFT global annual meeting in London in January. Corporate and financial leaders from around the world were present to accept their awards and honor other ...
GOLD STANDARD By Rebecca Brace and Anita Hawser Global Finance presents the winners of its annual Best Treasury & Cash Management Providers awards. Global multinational corporates may have come out of the 2008 global financial crisis better off than the ...