Europe And UK Relations Hit Low Tide

MILESTONES: UK/EU   By Justin Keay   UK and EU relations have always been tense, but their relationship has deteriorated dramatically in recent months.     While headlines have focused on noisy arguments over support for struggling eurozone members or ...

Salon: Luigi Zingales Populist Revolt

POPULIST REVOLT   By Vanessa Drucker   Global Finance held its monthly Salon in the magazine’s New York office with Luigi Zingales, professor of entrepreneurship and finance at the Booth School of Business of the University of Chicago and author ...

Owen Leads New Unit At RBS

NEWSMAKERS: UNITED KINGDOM   By Anita Hawser   Since its bailout after the 2008 financial crisis, Royal Bank of Scotland has come under pressure from the government to increase lending, and recent reports suggest the government is considering fully nationalizing ...

UK: Race Heats Up For Next BOE Governor

NEWSMAKERS: UK   By Anita Hawser   The recent Libor scandal in British banking highlighted the power play that is going on behind the scenes as candidates vie for the governorship of the Bank of England when Mervyn King's second ...

WORLD'S SAFEST BANKS IN WESTERN EUROPE 2012

GLOBAL FINANCE names the World's Safest Banks 2012 in Western Europe NEW YORK, August 16, 2012 — Global Finance magazine ( GF mag.com) has named the Safest Banks in Western Europe in an exclusive survey to be published in the ...

Country Report: Portugal

PRIME TARGET   By Vanessa Drucker   Portugal is being held up as a model of reform in meeting its fiscal restructuring targets, but it faces a drag on growth from financial sector deleveraging. Meanwhile, Portuguese firms have become prime ...

The Fate Of Europe In The Balance

NEWSMAKERS: FRANCE   By Luca Ventura   French president-elect François Hollande is a flag-bearer for adding growth incentives to a European fiscal agreement, rather than just doling out austerity measures.   Hollande elated at defeating Sarkozy Photo Credit : SKPHOTOGRAPHY / Shutterstock.com ...

Profumo Starts With A Splash At Monte Dei Paschi

NEWSMAKERS: ITALY   By Luca Ventura   When Tuscan bank Monte dei Paschi di Siena appointed the charismatic Alessandro Profumo as its new chairman in late April, the news made headlines around the world.   Profumo is ready for the challenge ...

No Joy For Rajoy

NEWSMAKERS: SPAIN   By Anita Hawser   Spanish prime minister Mariano Rajoy is probably glad he is not running for office at present.   Tough task to sort out Spanish banks Photo Credit : MATTHI/ Shutterstock.com Having swept to power in elections ...

Danish Banks Fire Moody’s For “Business Reasons”

MILESTONES: DENMARK   By Gordon Platt   Moody’s Investors Service says something is rotten in Denmark’s mortgage industry. The country’s banks are still issuing interest-only loans, years after the real-estate bubble burst.   Copenhagen still home to interest-free mortgages Meanwhile, Denmark’s household ...

Shotgun Wedding For Spanish Banks

MILESTONES: SPAIN   By Vanessa Drucker   The merger agreement between CaixaBank and Banca Civica smacks of a shotgun wedding—for Civica, anyhow.   Spanish banks forced to tie the knot by capital requirements CaixaBank, Spain’s largest bank by retail branches, is ...