After another tumultuous year for banking in Lebanon, the central bank governor discusses the political pushback against his actions, the potential impact of a new US law targeting Hezbollah and the prospects for his reappointment.
The country’s biggest banks are working on the big data challenge. If successful, it could transform the industry and its performance. But quantifying the impact and differentiating between potential winners and losers is almost impossible.
Macedo might seem like an odd choice to lead Portugal’s biggest bank, but the former health minister comes with impressive cost-cutting credentials.
Both AT1 and tier-2 investors lost everything when Banco Santander rescued Banco Popular, while senior bondholders were untouched. The rescue has shown that when banks in Europe get into trouble it is liquidity, not capital, that matters and that the fate of subordinated bondholders is anything but predictable.
Reaction to Philippine president Rodrigo Duterte’s appointment of Nestor Espenilla Jr as the new governor of the central bank, Bangko Sentral ng Pilipinas (BSP), has been publicly positive.
Tim Throsby needs to strike a balance between upheaval and stability.
Build your own newsfeed
Ready to give it a go?
Start a 14-day trial, no credit card required.