Latest articles from World

Quality pays off for Gazprombank

November 7, 2005

Investors are falling over themselves to buy bonds issued by Russia’s state-owned Gazprombank. Edward Russell-Walling explains why.
Russian banks are not always synonymous with credit quality. When Gazprombank came to market in September with a 10-year bond, however, the issue was more than six times oversubscribed. There are Russian banks, and Russian banks.

Why RBS needs spin

November 7, 2005

Despite a meteoric rise to global powerhouse, the RBS board has managed to transform itself from darling to demon in the eyes of its shareholders. Geraldine Lambe charts the bank’s fall from grace.
When is an excellent management team not an excellent management team? When your shareholders don’t believe it. Such is the case with Royal Bank of Scotland (RBS) shareholders, and their jaundiced view was amply displayed when chief executive Sir Fred Goodwin was asked if he was a megalomaniac at August’s half-year results conference. Where once they lauded Sir Fred as emperor in all his finery, now shareholders behave as if he has no clothes.

Foreign banks’ domination of Bulgaria set to continue

November 7, 2005

With more than 83% of Bulgaria’s banking assets under the control of foreign banks or financial institutions, who has gained from the country’s banking privatisation in the past decade?

Basel II risks failure without the US on board

November 7, 2005

If the US and Europe cannot agree on a common capital adequacy system, the idea of a level playing field will become a vain hope.

Deutsche’s smart buys reaffirm retail ambition

November 7, 2005

The German bank is ramping up its retail strategy by acquiring small banks – but is avoiding shopping at home.

Big plans for a small state

November 7, 2005

St Kitts and Nevis is taking steps to sustain stable growth, benefit from regional integration and develop the financial sector according to prime minister Denzil Douglas.

Arnold’s post-Abbey ponderings

November 7, 2005

Former Abbey CEO Luqman Arnold tells Karina Robinson about his future plans and why it is important to take time out occasionally.

Without frontiers

November 7, 2005

The European Commission wants to boost efficiency in the mortgage market by creating a single European market for the sector. But care needs to be taken in establishing such a market, which must be free and open.

Bridging the Gulf

October 3, 2005

Adel El-Labban, CEO of Bahrain’s Ahli United Bank, talks to Stephen Timewell about progress on his plans for a pan-Gulf retail network.
Most banks in the six states of the increasingly rich Gulf Cooperation Council (GCC) have tended to focus on their domestic markets and as a result remained relatively small compared with the region’s enormous wealth.
But now a few are breaking through traditional barriers, creating regional networks and realising some of the Gulf’s potential.
Bahrain’s Ahli United Bank (AUB) has been a pioneer of mergers and acquisitions in the Gulf and this remains central to the bank’s strategy.

Ambitious project on course to be a winner

October 3, 2005

Will the new Dubai International Financial Exchange fulfil the vision of its creators to become hub for the region? Omar bin Sulaiman, director general of the Dubai International Financial Centre, talks to Stephen Timewell.
The Dubai International Financial Exchange (DIFX), which was due to open on September 26, is an ambitious attempt to become the leading exchange between west Europe and east Asia.

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