As the Chinese authorities lift restrictions and open up the renminbi market stage by stage, the significance of what is unfolding has not gone unrecognised in Europe, and, according to a recent survey by The Banker, it is not only those already doing business with the country that are interested in the renminbi's development. As London takes steps to establish itself as an offshore renminbi financial centre, many are anxious to take advantage of the opportunities soon to be available.
Western Europe
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Eastern presence keeps growing
July 2, 2012The Banker's Top 1000 new entrants list is dominated by Asia-Pacific-based institutions, with the largest new entrant coming from South Korea and 13 Chinese institutions entering the rankings.
Western European woes continue
July 2, 2012The eurozone crisis has made its presence felt with regards to western European banks' performances in the Top 1000 ranking, with their share of overall profits down from 46% in 2007 to just 6.3% this year.
Europe suffers as the world gets safer
July 2, 2012Almost every region has recorded a fall in risk-weighted assets, but the soaring impairments in Europe raise questions about how rigorous the Basel methodology really is.
Top 1000 World Banks 2012
July 2, 2012While European banks count the cost of the eurozone sovereign debt crisis, China is leading the emerging markets into a new era of banking dominance. But the established markets of the US and Japan should not be forgotten.
Trading incomes drop heavily at world’s biggest banks
July 1, 2012Many of the world's largest banks have seen their trading income fall in 2011, with only two – Morgan Stanley and JPMorgan – avoiding this fate.
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Credit Suisse helps put a shine on Santander's Polish ambitions
June 1, 2012Credit Suisse's Madrid-based FIG team's input into Bank Zachodni's all-share merger with KBC's Kredyt Bank has allowed Santander to build the market presence it wanted in Poland without putting the squeeze on its capital ratio.
ING opens the door for Japan's Pro-Bond market
June 1, 2012The Japanese Pro-Bond market, which was created in 2011, allows foreign issuers an easier route to Japan’s ample liquidity than through the traditional Samurai market. However, it needed a ground-breaking deal, and Dutch bank ING obliged.
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Who is going to save Spain's savings banks?
June 1, 2012A sharp increase in provisioning requirements is likely to drive consolidation in the Spanish banking sector. But the country's largest banks – many of which have remained profitable thanks to their operations in other regions – are cautious about what may lurk on the balance sheets of the troubled savings banks.
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China drives base metal growth
June 1, 2012The metals brokerage market is consolidating as regulatory costs rise, but the growth of Asian demand means this is still a valuable business for those with the right scale and organisation.