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CFI.co Meets Nuno Amado
A Determined Leader for Challenging Times. In February 2012, Nuno Amado was elected Chief Executive Officer of Portugal’s largest private bank, Millennium bcp (Banco Comercial Português). Since then, Mr Amado has led the bank through a complex and challenging restructuring
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What Really Spurred the Great Recession?
Based on the research of Ravi Jagannathan, Mudit Kapoor and Ernst Schaumburg Globalization and the U.S. dollar are as much to blame as banks Many people would no doubt like to forget all about the great recession. The blame has
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Islamic Banking: London’s City Finds New Calling
In a bid to attract a new category of investors and to become a leading centre of Islamic finance, the City of London has assembled a task force to spread the word on Sharia-compliant banking. “The aim of our task
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Looking for an Easy Fix: The Great Banking Crisis Five Years Later
Greed, malfeasance, incompetence and a lack of both regulation and oversight brought the world perilously close to a financial Armageddon when Lehman Brothers investment bank collapsed five years ago this week. The tumultuous event left a gaping hole of well
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The Equator Principles: Banking on Sustainability
Financial institutions worldwide are increasingly benchmarking their larger investment projects to the Equator Principles of social and environmental risk assessment. A third and more comprehensive edition of these guiding principles has now been drawn up and is being used by
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Africapitalism: A Way to Unleash Africa’s Potential
Doing well in business whilst doing good for Africa. That is the challenge set by Nigerian banker-turned-philanthropist Tony Elumelu who earlier this week announced a five-fold increase in the number of grants his foundation provides to business start-ups. The Tony
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Complimentary Currencies: Development Tool on Trial in Kenya
The Central Bank of Kenya has asked the public prosecutor to charge American economist and former Peace Corps volunteer Will Ruddick with forgery. Earlier this year Mr Ruddick and five others were duly arrested by police and thrown in jail.
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Doomsayers Enjoying a Field Day with Deutsche Bank
A tiny but apparently growing number of pundits is pretty sure the Deutsche Bank will shortly tumble and fall. As a systemic – if not essential – bank, the DB will not descend into insolvency on its own. Those in
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World Bank: Philippines Poised for More and Better Jobs
By Axel Van Trotsenburg, World Bank Vice President for East Asia and Pacific If the first quarter of this year is any indication, the Philippines is doing well in terms of gross domestic product (GDP) growth. At almost 8 percent,
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The Swiss Banks: Handing Over Data
The tax row with the United States is raising a feeling of uncertainty among cantonal banks, as well as adding a greater administrative burden, even for banks that are not directly concerned, a swissinfo.ch survey of all 24 institutions has
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