Latest articles from Comment

Multi-pronged attack on Visa and MasterCard

October 3, 2005

UK ruling on interchange fees adds to mounting pressure on the once cosy fiefdoms of two credit giants.

Rejecting Merkel risks pushing Germany down a Japanese path

October 3, 2005

Germany’s reluctance to fully endorse the pro-market reform Angela Merkel could send Europe’s largest economy into deeper decline.

Investment banks should disclose more about their earnings

October 3, 2005

Investment banks are notoriously secretive about their earnings. They argue that to disclose more would give away competitive advantage. But aren’t shareholders and regulators entitled to a fuller picture of exactly how they make their money? As a first step in understanding the situation, in this month’s cover story we publish the best information available on the primary markets and look at the size of the secondary business.

Movement of jobs, people and capital

September 5, 2005

Jaime Augusto Zobel de Ayala II says that demographics mean that exporting jobs or workers is becoming a vital part of doing business in a global economy.

Ahli United acquires BKME

September 5, 2005

Bahrain-based Ahli United Bank (AUB) has strengthened its role as a major player in the Gulf by acquiring a majority stake in the Bank of Kuwait & the Middle East (BKME), the seventh largest bank in Kuwait.

Banco Hipotecario under suspicion over bonuses

September 5, 2005

Argentina’s National Securities Commission (NSC) has launched an official investigation into 30.9m pesos ($11.3m) of bonus payments made in 2005 to directors of Banco Hipotecario, one of the main mortgage lenders in the country.

Italy’s banking sector is mired in scandal

September 5, 2005

Bankers and journalists were busy in August speculating on the future of the Bank of Italy, the Banca Popolare Italiana (BPI, until recently Banca Popolare di Lodi), the Banca Antoniana Popolare Veneta (Antonveneta) and the Banca Nazionale del Lavoro (BNL).

Germany thwarts Dublin’s bonds issue ambitions

September 5, 2005

Dublin’s aspirations of becoming a major European centre for the issuance of covered bonds have been dealt a heavy blow by two German banks.

Raiffeisen International seals deal to buy Ukraine’s Aval

September 5, 2005

After months of negotiations, Vienna-based Raiffeisen International (RI) has signed a landmark purchase agreement to acquire a 93.5% stake in Ukraine’s second largest bank, Bank Aval.
The deal, which is still subject to regulatory approval in Ukraine and Austria, adds significantly to RI’s existing banking assets in Ukraine and reflects its pioneering style in central and eastern Europe.

RBS buys 5% of Bank of China

September 5, 2005

Royal Bank of Scotland (RBS), the sixth largest bank in the world by Tier 1 capital in The Banker’s Top 1000, has spent $1.6bn on 5% of state-owned Bank of China.

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