China has become a major development financier to emerging markets via projects such as the Belt and Road Initiative. But some borrowers see unequal benefits in the deals, while the US is concerned by China’s growing influence. Adrienne Klasa reports.
Recent financial experience among board chairpersons of the top 25 European banks has decreased since the financial crisis. According to the annual report from governance specialists, Nestor Advisors, only 64% of chairpersons in the segment in 2010 had relevant financial experience, down from 80% in 2007.
Bank of America Merrill Lynch has had a rough year.Its CEO is being forced to retire, it is under intense regulatory scrutiny and senior investment bankers have left in droves. Yet it is holding up well in the league tables, and deal flow is looking pretty strong. Is Bank of America beating the odds and making a success of the acquisition?Geraldine Lambe reports