The Vatican has acknowledged that it needs to reform its bank, the Institute for the Works of Religion, but carrying out this task is not easy, given that the lender's image has been severely tarnished by a series of scandals.
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In the three years since its bail-out, Portugal has impressed many onlookers with its efforts to turn its economy around. Now it is on track to make a clean exit from its rescue programme in May, but the question is will the progress made over the past three years continue?
When fears over a Chinese slowdown and the US interest rate cycle coupled with domestic political uncertainty to hit the Turkish lira, BNP Paribas proposed a long-term bond to re-establish the sovereign's credentials.
Following a difficult few years, Italy's banks received a windfall from the central bank after the institution revalued its share 'capital', but other eurozone lenders claim that this gives Italian players an unfair advantage in the upcoming asset quality review.
Recent years have seen private banks hit by heavy regulation, fines and spiralling compliance costs, all of which have taken their toll on profits and brand value. As banking groups redefine their exposure to wealth management across the world, will private banking become a game better played by local and specialised names?
The resignation of the CEO of the UK's Co-operative Group shows that running any bank – listed or co-operative – is fraught with difficulties. But it does not mean that the co-operative model is completely unfeasible.
There is an optimistic feeling among the CEOs of Spain's leading banks, as profits and domestic conditions improve. With the European Central Bank's imminent asset quality review expected to be passed with flying colours, the country's lenders are now looking beyond survival and towards growth, both domestically and internationally.
If the early 2000s were all about the emerging economies of Brazil, Russia, India and China, now attention is shifting to the up-and-coming countries of Mexico, Indonesia, Nigeria and Turkey – the MINTs. And with rapid economic growth predicted, retail banks in these countries will be under enormous pressure to keep up.
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