Thanks to shale drilling, the US is brimming with cheap gas and has turned itself into one of the world’s fastest-growing oil producers. Most analysts now expect it to be all but energy independent within 15 years, shattering mainstream assumptions from as recently as five years ago. The implications for global energy markets and geopolitics are profound.
New York's Department for Financial Services' recent intervention in Standard Chartered's affairs in Iran were intended to show the city's might as a financial centre. However, this action may well have the opposite effect to that which was desired, and play directly into China's hands.
While The Banker's Top 1000 World Banks ranking published every July gives an insightful and unique snapshot of the state of the global banking market, our ranking of those banks featuring just below the ranking gives an excellent indication of the way in which the market is heading, and which countries and regions are on the rise.
Barclays built a multi-asset execution platform out of the Lehman acquisition, and the debt specialist in the bank’s two-man management team for global finance in the EMEA region is relishing the opportunity to deploy that platform if merger and acquisition activity picks up.