Foreign-owned subsidiaries are proving essential sources of profit for their parent groups.
Latest articles from Joy Macknight
The Banker’s Top 250 Western European Banks 2021
September 28, 2021The Banker’s 2021 Top 250 Western European Banks ranking shows that the industry has withstood the test of the pandemic; however, challenges around profitability remain.
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Kigali and Lagos added to financial centre index
September 28, 2021While there was not much change at the top of the 30th edition of the Global Financial Centres Index, two African centres join the ranks for the first time.
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The rising threat of DDoS attacks
September 21, 2021Cyber criminals are raising their game, adopting new distributed-denial-of-service attack methods and using botnets to harness vulnerable Internet of Things devices.
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Cyber security tips for the payments industry
September 14, 2021A new report lays out 20 recommendations for how the payments industry can elevate its game in preventing cyber attacks. A rising focus on cyber hygiene will lift the whole industry.
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Can Japan’s banks find a path to higher growth?
September 7, 2021While the Japanese banking industry has not enjoyed the meteoric rise seen in China over the past decade, it continues to build up its asset base.
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European banks’ profitability quest continues
September 7, 2021Retail banks in both western and eastern Europe continue to face profitability challenges, as revenues and margins are predicted to remain under pressure in the near term.
US mutual bank’s IPO positions it at the top
September 1, 2021The conversion from a mutual to a publicly traded holding company helped Eastern Bank boost its financial strength during an uncertain environment for the banking industry.
New arrivals at lowest level for more than 10 years
September 1, 2021China fields the largest number of new entrants in 2021, led by Mengshang Bank, but low M&A activity means far fewer banks have joined the ranking overall.