Cuomo's allegations surrounding Bank of America's former and current heads are perplexing.
As one fixed-income strategist, who had just passed on a great career opportunity because it wasn’t on his terms, told Euromoney last month: "Things seem to be pretty fluid in banking at present, another opportunity will come along soon. Fixed-income guys are in demand!" Fluid is the word.
This week we raise ten questions yet without clear answers. Together they are disturbing. Readers might think of their own answers, but “status quo” is unlikely to be amongst them.
Despite, or perhaps because of, the changing nature of the interbank market, liquidity has returned to most corners of foreign exchange. But uncertainties remain over quantitative easing, Japan and the recovery. The panel gathered at the end of 2009 to find we are still in uncharted territory.
In a cash-scarce world, electronic bells and whistles take second place to systems and partners that help clients marshal their global liquidity as quickly and visibly as possible. Maximizing working capital throughout the supply chain is now a necessity, not a luxury. Clients and banks must change.
March 2010
After a year that turned out better than anyone could have expected, 2010 began with a new bout of nerves on financial markets.
February 2010
The financial crisis and its reverberations have been felt dramatically across the private banking industry. The status quo has been altered and new leaders have emerged, as the Euromoney 2010 private banking poll reveals. Helen Avery reports.
January 2010
Their problems have highlighted the importance of trade finance in maintaining the flow of goods. Laurence Neville reports on what is being done to sustain a vital economic function
December 2009
The top six firms in terms of market share are all universal banks which have been less impacted by the credit crisis than some of their more wholesale-focused counterparts. The message is clear: balance sheet counts.
October 2009
Citi’s leadership of Euromoney’s 2009 international cash management poll results was far from a given this year.
September 2009
This recession is unusual in that it was not triggered by commercial real estate but has dragged the sector down with it. However, this does not mean that recovery for this asset class will be any quicker or less painful. Louise Bowman reports.
September 2009
With the international economy more volatile than ever, global investors are paying more attention to country risk analysis. Risk looms both where you most and least expect it. In Euromoney’s latest rankings, the US has fallen out of the top 10. Jacqueline Cutler reports.
May 2009
The top-five banks in the 2009 Euromoney FX poll remain the same as in 2008 despite big sub-prime losses. As senior FX bankers make clear, a leading position in the market reflects an established set of relationships that aspirant banks find hard to build, whatever their creditworthiness. Lee Oliver reports.