Latest articles from World

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.

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.

Top 50 central European banks

January 3, 2005

The low representation of banks from central Europe in the Top 50 fastest growing banks is perhaps a reflection of the relative maturity of the financial and economic systems in the majority of the region and the increasing competition for market share.

The rural take on banking tech

December 1, 2004

KV Kamath of ICICI tells Karina Robinson why the bank’s strategy for technology dovetails perfectly with its plans to expand in rural India.

Russian banking remains buoyant

December 1, 2004

Despite turbulence in the banking system this summer, the overall forecast is good for the financial sector.

Mini-banking blip hides Russian boom

December 1, 2004

While Russia’s central bank had to rebuff talk of a crisis this year, a surge in retail and investment banking went unnoticed. Meanwhile, the crisis that never happened also spurred reforms, writes Ben Aris.

Small players take initiative in China

December 1, 2004

Insisting on majority control, it took Nestlé most of the 1980s to negotiate its first direct investment in China. At that time, even one of the world’s largest and best capitalised multinationals was nervous about doing such a deal.

Banks line up to underwrite gas

December 1, 2004

Qatar has attracted a record 36-strong underwriting group for its latest gas scheme, in what is being hailed as the largest project financing scheme on record, write Kevin Godier and Jon Marks.

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