Latest articles from Comment

Foreign banks must cherry-pick less to avoid Latin American wrath

January 3, 2005

Foreign banks in Latin America are failing to help its economies by extending private credit. If they do not act now to moderate their behaviour, they may find host governments legally obliging them to do so.

Slimmed down G4 would carry a lot of weight

January 3, 2005

A G4 that included China and a single voice for Europe makes sense but international diplomacy means it won’t happen overnight.

Calm end to 2004 – but volatility on the horizon

January 3, 2005

A relatively upbeat end to last year in the light of stable market conditions does nothing to reduce the possibility of crisis for many countries if the US dollar and economy do not recover.

Russia stands at crucial crossroads

January 3, 2005

Russia appears to be at a crossroads with the battle between market reformers and interventionists reaching fever pitch.
In this special Davos issue, we put the spotlight on Russia, with an exclusive interview with finance minister Alexei Kudrin, who The Banker has picked as its Finance Minister of the Year 2005. Mr Kudrin is candid with his thoughts on the Yukos affair, as well as banking and market reforms.

Brazil’s central bank takes over at Santos

December 1, 2004

Brazil’s central bank assumed control of the operations of struggling Banco Santos on November 15 after the latter was ordered to provide R$700m ($251m) to cover defaulted loans, a sum that exceeded its ability to pay by R$100m.

Turkey expects glitches in currency changeover

December 1, 2004

Turkey is likely to experience problems when it introduces a new currency next year, bankers and economists fear.
Turkey is due to introduce the currency, the new Turkish lira (YTL), on January 1. Six zeros will be knocked off the old currency in a move to ease accounting practices, reduce strains on payment systems and create psychological conditions to curb inflation forever.

Greek bonds maintain their appeal despite S&P credit downgrade

December 1, 2004

The decision by Standard & Poor’s to downgrade Greece’s credit rating has damaged the country’s image but will have little impact on the cost of borrowing, according to Athens-based analysts.

Dexia and Sanpaolo IMI talks may signal defensive alliance

December 1, 2004

Belgian bank Dexia and Italian bank Sanpaolo IMI are holding talks, possibly about a merger or a joint venture, according to reports leaked as The Banker went to press.

Sustainable solutions for Latin economies

December 1, 2004

José Antonio Ocampo devises a plan resolve the Latin American growth conundrum.

Act now to avoid Spitzer’s wrath

December 1, 2004

Now that crusading New York Attorney General Eliot Spitzer has set his sights on the insurance industry, do banks with insurance operations have much to fear? If the current scandal widens to other commercial banks that have recently acquired insurance subsidiaries, might even the most law-abiding combinations be forced to return to the status quo, pre-banking deregulation? Or, at the least, will punitive fines be levied, severely damaging the balance sheets of offending companies? Will the whole affair stimulate shareholder suits?

The Banker on Twitter

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.