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Analysis & opinionApril 3 2023

The Banker Shorts – Week ending March 31, 2023

Your quick guide to the week ending March 31, 2023, on thebanker.com.
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The Banker Shorts – Week ending March 31, 2023Image: Getty Images

Last week, The Banker analysed the fallout from the ongoing ‘banking saga’, including the start-up banking void left by Silicon Valley Bank (SVB) and the future of AT1 bonds following the Credit Suisse controversy.

We heard from the world of fintech as regards developments in embedded finance, the digitalisation efforts of a 350-year-old bank.

And in our global coverage, we brought you reports on the economies of Egypt and Kuwait, banking industry developments in South Korea, and the Thai finance minister’s ambitious growth plans for the country. 

Barbara Pianese, our Latin America editor, was at the IDB in Panama, interviewing the Chilean finance minister and the chief economist of the IDB.

The banking saga

In light of the collapse of SVB in the US, the merger of SVB UK with HSBC’s ring-fenced bank, and the collapse of two US-based crypto-focused providers, Silvergate Capital and Signature Bank, do technology companies still need a dedicated bank?

The world of digital finance

  • Views on… embedded finance: A lack of options is “one barrier to rapid, wide-scale adoption” – Liz Lumley | Click here to read

Andrea Ramoino, managing director for electric money business, UK and EEA at Solaris, looks at the greater opportunities embedded finance presents. 

  • A 350-year-old bank knows its place in a digital world – Liz Lumley | Click here to read
  • CBI helps to drive change in Italian digital payments – Joy Macknight | Click here to read

Globe at a glance

“The war in Ukraine has not only heightened concern in the region, but also drove up energy prices and directly hurt Asian economies as most are large net energy importers. Higher energy prices pushed up inflation and added the need for some central bank tightening.”

  • Kuwaiti banks reap the rewards of economic boom year – Hassan Jivraj | Click here to read
  • National Bank of Kuwait remains confident despite weakening oil backdrop – John Everington | Click here to read
  • The pending transformation of South Korea’s banking industry – James King | Click here to read
  • Egypt’s banks hold fast in midst of economic storm – John Everington | Click here to read
  • Kuwait’s economy gains temporary breathing space – Hassan Jivraj | Click here to read
  • Thai finance minister outlines optimistic growth plans – Kimberley Long | Click here to read
  • Gig economy workers need banking support – Kimberley Long | Click here to read

People in banking

Shanghai-based New Development Bank (NDB), also known as the BRICS Development Bank, has appointed former Brazilian president Dilma Rousseff to head the bank as its new president. 

Videos and podcasts

  • Mario Marcel, minister of finance, Chile – View from IDB 2023

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