The withdrawal of correspondent banking from high-risk markets, or ‘derisking’, is an increasingly common response from banks wanting to avoid punitive fines. But its human cost means there is an urgent need for alternatives, as James King reports.
Latest articles from James King
Josė Filomeno dos Santos, chairman of Angola’s sovereign wealth fund, outlines how it is reducing the country’s dependence on oil in favour of infrastructure, agriculture and timber. James King reports.
Only one-quarter of the top 20 African banks showed an increase in Tier 1 capital in the The Banker's rankings, as the continent suffered a combination of currency volatility, low commodity prices and political instability. James King reports.
Nigeria’s strategy for regenerating its flagging economy centres on partnering with the private sector to drive sectors such as manufacturing, textiles and agriculture.
Banks that do business with Iran should bear in mind the legal, political, financial and reputational risks to both the company and its employees.
How to find cheap, sustainable and non-polluting forms of energy is an ongoing challenge for global leaders, who have also to contend with climate change, decarbonisation and political insularity. James King looks at what the future holds within the market.
Having tracked the development of Islamic finance for a decade, the latest results in the The Banker's Top Islamic Financial Institutions ranking for 2016 reveal a sector that has enjoyed admirable growth compared with its conventional peers. James King reports.
The United Arab Emirates minister of state for international co-operation, who is also the director-general of Expo 2020 Dubai, assesses the potential of this mega-event to engineer an economic and business boost for the entire Middle East, Africa and south Asia region.
Nigeria was once feted as Africa's leading economy. However, attacks on its oil infrastructure and a dollar liquidity crunch have pushed it into recession. But the government is determined to push through strategies that will revive this regional powerhouse, as James King reports.