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Bot claims funding is ‘cheaper than peers who borrow from independent banks or credit funds’
Feuds over Monte dei Paschi and Generali will run and run
Innovation and ambition have been hallmarks of mergers and acquisitions activity this year, but there are some signs of weakness in private equity
Bank’s relationship with SpringCash is ‘commercial’
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  • National governments must ensure the sustainability of infrastructure financing before signing up to projects under the Belt and Road Initiative (BRI), Takehiko Nakao, president of the Asian Development Bank, told GlobalRMB at the development bank’s annual conference on Thursday.
  • The Swiss Exchange has acquired a microwave trading company that could accelerate the time it takes to transmit trades.
  • Bank of China (BoC) plans to play to its strengths by deploying its balance sheet and providing liquidity to parched investors. With syndicate and trading operations in place, it has hired Tim Skeet as head of Western European origination.
  • Sixteen banks have made the most concerted effort yet at defining how to do scenario analysis on climate change — the core risk management exercise called for by the Task Force on Climate-Related Financial Disclosures.
  • Apple’s announcement this week that it would launch an extra $100bn share buy-back left European markets poised for the higher yields that an exodus of American cash might bring.
  • How risky is it to lend money to a coal-fired power plant or an oil company? OK for another five years, perhaps — but how much longer can they carry on in the face of climate change? So far, banks have largely ducked questions like these. But from next year, more and more of them will be giving some kind of answer in their annual reports.