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MIGA (World Bank): During the Storm – Shift from North to South FDI
By Manabu Nose and Moritz Zander[1] At MIGA (the Multilateral Investment Guarantee Agency) we see the principal near-term risks for emerging market foreign direct investment (FDI) on the supply-side of financing. Despite a rise of emerging market risk perceptions, demand
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Stuart Gulliver keeps HSBC on Track for Focused Global Growth
HSBC is one of a hand full of truly global banks with both corporate and personal customers. As globalisation continues HSBC is extremely well positioned to take advantage of the shift of economic power to Asia, with its strong position
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Barclay’s CEO Bob Diamond Tops the List of High Earners
Bob Diamond, CEO of Barclays Bob Diamond, the CEO of Barclays Bank, is named as the highest paid CEO of any FTSE 100 listed company in 2011 usingr a new methodology designed to replicate rules being bought in by the government
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Dimon: Traders at JPMorgan Chase may face Bonus Clawbacks as Punishment
At the Senate Banking Committee on Capitol Hill, Jamie Dimon, 56, the CEO of JPMorgan Chase explained how some of the traders responsible for the losses would get hit in their wallets. “When the board finishes its review, which is
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Europe’s Depressing Prospects
By Michael Pettis Normally I don’t like to write about European prospects in the midst of a very rough patch in the market because in that case there isn’t much I can say that isn’t already being said. I find
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Share Trading Suspended in the Spanish Lender Bankia, Pushing Spain Ever Closer to Needing a Bailout
The Spanish market regulator CNMV said it was “due to circumstances that may affect the normal share trading”. There are reports that Bankia will ask the government for a bailout of more than 15bn euros ($19bn; £12bn) after a board
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Brazil Has Reason to be Proud of First-Tier Banks
Reported by Marcos dos Santos. After a period of tension between the banking sector and the Brazilian government, the Executive Vice President of FEBRABAN (Brazilian Federation of Banks), Wilson Roberto Levorato, said recently, during a seminar of financial inclusion in
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KCB CEO Has Been Buying Into the Success He Is Driving
The chief executive of KCB Group has bought KCB shares in a demonstration of his confidence in the company he leads. KCB’s annual report shows chief executive Martin Oduor-Otieno bought shares last year. Mr Oduor-Otieno has been the CEO of
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Mexico’s Competitive Banking System
At the opening of the 75th Banking Convention in Mexico, President Calderon said the country’s financial sector is well fortified against external shocks. ACAPULCO, May 18. – Facing a backdrop of the international financial uncertainty and other countries in economic
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The Franco-German Relationship Looks Set to Continue but Where Does This Leave the Greeks?
Newly-inaugurated French President Francois Hollande and German Chancellor Angela Merkel said on Tuesday they want Greece to remain in the euro in a show of unity at their first meeting since Hollande was elected. “I want to reiterate, and we
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