The markets are in uproar and central banks are stepping in to try to bring about calm. But should they? Or should banks get their just punishment for wreckless lending? Dick Bove, an analyst with investment bank Punk Ziegel, thinks the market should be left to seek its own solution.
Large numbers of energy and infrastructure projects across the globe have been funded through the use of project finance, opening up established and emerging economies to new forms of economic growth. Banks compete fiercely to fund these deals, but face a host of complex risks. Natasha de Terán explores how they manage them.
The market for Islamic banking is forecast to grow at double the rate that conventional wholesale banking will grow in the next five years. Unsurprisingly, banking centres around the world are scrambling to establish footprints in the market. Natasha de Terán investigates how London is positioned.