Newsmakers: UK Regulator Lashes Out At Bankers

United Kingdom   Justin Keay   Turner: City of London engages in “socially useless activity” A year has passed since the near implosion of the world’s financial system, and intelligent opinion in Britain remains divided between those wanting the City ...

Features: Country Report-Spain

A TOUGH ROAD AHEAD   Spain’s banks and savings institutions are still reeling from the collapse of the country’s housing market.   By Antonio Guerrero   With Spain experiencing its deepest recession in 60 years, its banking sector stands at ...

BEST INTERNET BANKS IN EUROPE 2009

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 ...

Features: Country Report - Portugal

LESS PAIN, MORE GAIN   Portugal's pre-credit crunch party was not as wild as that of many other countries, and its hangover should be much less severe as a result.   By Adam Rombel   You do not have to ...

Regulars : Newsmakers : United Kingdom

While the economic crisis has demonstrated the shortcomings of “light-touch” regulation—leaving the market to virtually regulate itself—banks remain unconvinced about the benefits of a single global regulator.   By Anita Hawser   While the economic crisis has demonstrated the shortcomings ...

Features : Turbulent Times

T URBULENT TIMES   Despite global economic challenges, Greece presents investors with opportunities.   By Adam Rombel   Things are bad everywhere, but they are not as bad here. That sums up the plight of the economy and business climate ...

Milestones : Britain Attempts To Solve Regulatory Puzzle

UNITED KINGDOM     Turner: Getting tough. Britain’s Financial Services Authority (FSA), much criticized for regulatory and supervisory failings that critics say have exacerbated the country’s financial crisis, is to abandon its much-vaunted light-touch approach to regulation. FSA chairman Adair ...

Features : Seeking An Energy Boost

SEEKING AN ENERGY BOOST COUNTRY REPORT / PORTUGAL Increased competition from new entrants to the European Union has dealt a severe blow to Portugal’s economy. Tourism and investment in renewable energy are helping it pick up the slack.     ...

Newsmakers : Roth Brings Down Franc

SWITZERLAND       Roth: Doing the whole region a favor by pushing down the franc.       Jean-Pierre Roth, the low-key chairman of the Swiss National Bank, is not the type of person you would expect to shock ...

Milestones : Governments Transform M&A Landscape

EUROPE     PwC's Nick Page. The cross-border M&A; activity that has characterized financial services for the past few years has virtually ground to a halt as increasing government involvement radically reshapes the market. Nick Page, partner, PricewaterhouseCoopers, says M&A; ...

Emerging Markets : Governments transform M&A landscape

EUROPE       The cross-border M&A; activity that has characterized financial services for the past few years has virtually ground to a halt as increasing government involvement radically reshapes the market.   PwC's Nick Page Nick Page, partner, PricewaterhouseCoopers, ...

Features : Survival Instinct

CYPRUS Cyprus’ leaders are tackling head on the challenge of maintaining economic growth during the current global downturn.     Nicosia, Cyprus' capital, is gripping itself for an economic slowdown. Cyprus has experienced more than its fair share of ups ...