The former head of Banco Espírito Santo’s investment arm, José Maria Ricciardi, talks to Stefania Palma about the parent bank’s turbulent last days and how he hopes to exploit its established European network in his new position as the chief executive of Haitong Bank.
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After a scare from the European Central Bank, Austria’s Volksbanken banking consortium has pursued an ambitious strategy of streamlining and consolidation with the aim of returning to profitability and repaying €300m in state aid
Argentina’s minister of economy and public finance, Alfonso Prat-Gay, talks to Silvia Pavoni about mending fences between his country and the international economic community, and how he plans to lower its poverty levels.
Proximity to war-torn Syria is piling on the pressure for Lebanon, which faces plummeting tourist numbers and an influx of refugees. Yet the country's GDP continues to show modest growth, and offshore oil reserves wait to be tapped if the political will can be found.
The long-serving central bank governor of Lebanon, Riad Salamé, is a popular figure throughout the country, where he is widely seen as a steady hand amid an environment of political uncertainty. He talks to Edward Russell-Walling about his role in managing the Lebanese economy.
Sri Lanka's new finance minister, Ravi Karunanayake, tells Stefania Palma that his attempts to improve the country's economic fundamentals are being hampered by legacies from the previous government, an unco-operative IMF and an international wall of silence when it comes to corruption investigations.
Hypo Alpe Adria – now known as Heta – is a 'bad bank' from the Austrian region of Carinthia that is the first to be wound down according to the EU's Bank Recovery and Resolution Directive. Stefanie Linhardt assesses the situation and looks at who the winners and losers will be.
After a turbulent 2015, faith in Asia’s economies was strong at the Asian Development Bank annual meeting in Frankfurt, despite falling exchange rates and capital outflows. Stefania Palma reports.
Lebanon's banks have for the past few years served as the pillars of the country's otherwise shaky economy. While they remain healthy, profits are being squeezed and lenders are anxiously awaiting a return to political and economic stability in the country.