Latest articles from Comment

Ansbacher takes expansion step in Dubai

January 3, 2005

Ansbacher & Co, the London private banking group recently acquired by Qatar National Bank (QNB), has opened a new branch in Dubai as part of its planned Middle East expansion strategy.

Predicted boom in banks’ IT spending ‘will be led by retail’

January 3, 2005

Change is in the air for technology purchasing and implementation this year, with the opportunity for system convergence and strategic planning at last becoming a reality.

Rule challenges NYSE tech plans

January 3, 2005

The US securities & Exchange Commission’s (SEC) late proposal to alter rules on stock trading has caused concern at the New York Stock Exchange (NYSE) that the proposed hybrid electronic/voice trading model would be made inoperative.

India relaxes private bank investment rules

January 3, 2005

Foreign investors will be allowed to acquire up to 74% of private Indian banks, up from 49%, India’s finance minister, Palaniappan Chidambaram, announced in early December. This clears up doubt over whether foreign investors could participate in the consolidation of the fragmented private banking sector.

German M&A picks up with big acquisition deals

January 3, 2005

Merger and acquisition activity in the German banking industry is picking up, after nearly four years of standstill. As 2004 ended, two major acquisitions were announced in private banking and wealth management – a business that generates plenty of money for banks in Germany.

Turkey finds EU’s Cyprus conditions unpalatable

January 3, 2005

Turkish government officials have said the EU’s decision to open membership talks with Turkey on condition that Ankara recognises the Greek Cypriot administration is unpalatable.
The EU, at its Brussels summit on December 17, said talks with Turkey could start on October 3 this year after Turkey recognises the Greek Cypriot administration as the sole government of the divided Mediterranean island Cyprus. The EU said Turkey must also accept possible permanent curbs on the free circulation of Turkish labour in the union.

Old habits must change

January 3, 2005

Peter G Peterson of The Blackstone Group believes that the key to US stability lies in reducing US consumption and imports.
As part of my recent book, Running on Empty, I interviewed a dozen leading global capital market experts about the sustainability of the US’s unprecedented current account deficit of nearly 6% of GDP, about $670bn annually.

Practical steps to an African renaissance

January 3, 2005

Mohan Kaul of the Commonwealth Business Council explains how business can get involved with Africa.

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.

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