In the wake of the collapse of two major banks - Lehman Brothers and Bear Stearns - global custodian banks are persuading increasingly wary hedge fund managers to consider placing some of their assets into their relatively safe hands, rather than risk placing everything with prime brokers. Writer Frances Maguire
The debate on the future regulatory oversight and infrastructure of the CDS market has raged for eight months but the industry has only recently seen some tangible developments. But as The Banker's round table revealed, this poses new questions. Writer Michelle Price
In the fourth of The Banker's Masterclass series, Deutsche Bank's head of cash management, financial institutions, for Germany, Austria and central Europe, Dean Sposito, and Deutsche Bank's head of cash management, financial institutions, for northern Europe, Matt Tuck, talk about how they are helping their clients to navigate the crisis and position themselves for a potential upturn. Writer Charlie CorbettDean Sposito, Head of cash management, financial institutions, for Germany, Austria, Central Europe, Deutsche Bank
Short-term trade finance has come apart in Latin America but banks and governments are focusing on home markets to the detriment of a global solution. The effects are reverberating hard in emerging markets and a dependence on devalued commodities and over-aggressive hedging by exporters are exacerbating the situation. Writer John Rumsey.
Banco Santander’s capital raising last November was unexpected but investors responded surprisingly well. While Spanish banks have largely managed to avoid the fallout of the subprime crisis, the government is taking measures to ensure that any further global setbacks only have a minimal impact upon the country. Writer Jules Stewart.
Not every banker is staring into the abyss of 2009 with frozen horror; those involved in transaction services realise their skills are needed more than ever. The heads of transaction banking across some of the industry’s major players offer their predictions for 2009. Writer Charlie Corbett.
More liquid than most derivative markets, foreign exchange products still suffered in the turbulence of late 2008. But hedging exchange rate risk has never looked more important, creating growth opportunities for banks that can stay in the game. Writer Philip Alexander.
The European payments landscape is undergoing a period of dramatic transformation as regulatory, infrastructural and commercial pressures force Europe’s payment providers to invest colossal amounts of human and financial resources in new technological and compliance projects.Faced with SEPA, the PSD and UK Faster Payments, the transaction banking business has rarely been busier or more inflamed by competitive pressure.
It has been an unprecedented year for the world’s banking industry. Once seen as the drivers of economic growth and prosperity, bankers are regarded by many as pariahs. This image is unfair. The collapse of confidence in the credit markets was driven by the recklessness of a few, but the impact of their actions has sent shock waves across the industry. Cash has become king and, increasingly, banks are looking towards their transaction services teams to drive revenue in 2009. Paul Camp, head of cash management for financial institutions at Deutsche Bank, talks about cash management’s evolution in 2009.