New York's Department for Financial Services' recent intervention in Standard Chartered's affairs in Iran were intended to show the city's might as a financial centre. However, this action may well have the opposite effect to that which was desired, and play directly into China's hands.
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A micro climate: why microfinance is big news in Indonesia
August 1, 2012With an emphasis on customer-centric services and products, Indonesia’s microfinance sector is proving to be extremely lucrative, not only for the banks involved, but also for the country’s large population and growing economy.
Banks battle impact of Caribbean economic woes
August 1, 2012Growing public debt, falling GDP rates and rising unemployment are casting a shadow over the Caribbean region. Banks are responding by raising capital and many are still delivering good returns.
Gas find helps Tanzania step out of the shadows
August 1, 2012Tanzania's recent discovery of huge natural gas fields has put it firmly in the sight of foreign investors. But Benno Ndulu, its central bank governor, warns that the east African country should not become reliant on hydrocarbons. Instead, it should use them to diversify its economy.
On the brink: the banks just outside the Top 1000
August 1, 2012While The Banker's Top 1000 World Banks ranking published every July gives an insightful and unique snapshot of the state of the global banking market, our ranking of those banks featuring just below the ranking gives an excellent indication of the way in which the market is heading, and which countries and regions are on the rise.
Renaissance Capital investment bank head seeks emerging market niche
August 1, 2012After leading Morgan Stanley’s equities business outside the Americas, John Hyman is working to position Renaissance Capital as a focused player in a number of very different markets across emerging Europe and Africa.
Russian first marks WestLB’s last stand
August 1, 2012A diversified payment rights securitisation for ZAO Raiffeisenbank reopened this important source of funding in Russia for the first time since the financial crisis, but joint lead manager WestLB will not be around to manage follow-up deals.
Tanzania moves closer to realising its potential
August 1, 2012Despite a recent surge in inflation and exchange rate volatility, the prospects for Tanzanian banks are bright. With the country growing fast, banks are looking to exploit its large unbanked population and start offering more sophisticated products.
Croatian National Bank holds its course
August 1, 2012The abrupt departure of the Croatian National Bank governor laid bare tensions over conditions in the country’s financial sector, but his successor looks set to bring continuity rather than change.
Switzerland loosens grip on the wealth management sector
August 1, 2012A stagnant home market and declining prospects in western Europe have encouraged Swiss wealth managers to expand in emerging markets. But the strategy for success is not always straightforward, and now a number of regional players have come to the fore looking to challenge Swiss dominance in this field.