19 Jun 2013Thomson Reuters

On Monday, June 10, Financial & Risk President David Craig joined BBC News Presenter and event MC Emily Maitlis for the 40^th annual Thomson Reuters Extel Awards, which honor excellence across the European financial industry. (more…)

13 Jun 2013Thomson Reuters

By Lauren Young, Wealth Editor, Thomson Reuters

Even as stocks soared to new highs in 2013, memories of the 2008 financial crisis and lingering distrust have kept many investors from jumping back into the stock market with the vigor they had before the crash, the world’s leading bankers, brokerage chiefs and advisers to the rich said during the Reuters Global Wealth Management Summit. The event ran from June 3-6 in Geneva, New York and Singapore. (more…)

Australia’s “Big Four” banks – Australia and New Zealand Banking Group, National Australia Bank , Commonwealth Bank of Australia and Westpac Banking Corp – are on track for combined record first-half cash profits of more than A$13 billion, defying the subdued credit environment. With capital to spare, they are competing for investors with dividend giveaways. Today’s graphic shows the global top 15 banks by market cap. It also shows the top banks combined market cap as a percent of GDP by country.

Bankia has been the focal point of Spain’s banking crisis since requesting a massive state bailout in mid-2012. Writedowns on rotten property assets led it to post Spain’s biggest ever corporate loss for 2012. Today’s graphic looks at some of the biggest banking losses in Europe.

HSBC bank agreed to pay a record $1.92 billion in fines to U.S. authorities for allowing itself to be used to launder drug money flowing out of Mexico and other banking lapses. Today’s graphic shows the 10 largest bank fines.

Reuters Breakingviews’ Rob Cox spoke to Vikram Pandit and says the CEO left Citi on his own accord after he felt he had rebuilt confidence and capital in the bank.

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The London 2012 Olympic Games was an undisputed success:  record spectator participation, athletic excellence, few of the predicted logistics and travel problems and near-universal public approval around the world.

15 Aug 2012David Craig

It’s easy to forget that the history of the Olympics is not without scandals – and not just doping and cheating.  Allegations of bribery in the selection of Salt Lake City for the 2002 Winter Olympics led the International Olympics Committee (IOC) to expel 10 members and institute stricter rules about gifts  to IOC members, and there were similar  allegations about Nagano in 2006. Nevertheless, it would be difficult to find an organization or event as widely respected as the Olympics.

I see some lessons in this for the banking industry.

As the whole world knows, banking has been struggling to get on solid ground since the 2008 meltdown. It continues to struggle with crises from the euro to Liborgate, Mexico Gate and IranChartered Gate. Learn from the Olympics? Here are four actions or take aways for the banking industry: (more…)

Credit ratings agency Moody’s downgraded 15 global banks on Thursday after a months-long review. Today’s graphic is a summary of old and new long-term ratings for the bank holding companies and operating companies (including two downgraded earlier this years).

Every time you hear about a new fund coming to the rescue of Europe’s banks, it seems to be a different acronym. ESM, EFSM, EFSF — what? Fred Katayama explains what these acronyms that are giving or loaning billions really mean.

01 Jun 2012Thomson Reuters

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The Federal Reserve issued report cards scoring U.S.’s largest banks following an annual stress test. While BOA and JP Morgan earned high marks, Reuters’ Karey Wutkowski recaps the Fed’s findings.