Tag: banks
Why Chinese banks are now vanishing
The savings and loan (S&L) crisis terrorised America’s banks for years. Starting in the mid-1980s, a mix of aggressive lending growth, poor risk...
America’s banks are more exposed to a downturn than they appear
The earliest depiction of the ouroboros—a serpent coiled in a circle, eating its own tail—was found in the tomb of Tutankhamun, a pharaoh...
European banks are making heady profits in Russia
Days after Vladimir Putin’s invasion of Ukraine, Raiffeisen, an Austrian bank, said it was considering selling its business in Russia. Twenty-seven months later,...
Banks, at least, are making money from a turbulent world
Working on a trading desk is perhaps the closest an office job can get to a sport. Focus and reflexes matter. On the...
Against expectations, European banks are thriving
In 2020, when BBVA and Sabadell abandoned merger discussions, it was difficult to find investors with anything positive to say about European banks....
China’s banks have a bad-debt problem
Bank of Jiujiang, a mid-tier lender from a southern Chinese river town, imparted some bad news on March 19th. In a rare disclosure,...
