The next CEO of DBS will need to be a risk taker
And so it was with great interest that we got to finally meet Piyush Gupta in his new role as CEO of DBS on February 5th, where he presided over the group’s 2009 results meeting. But more than the results, which he had little influence over, we were more interested to find out what kind of leader he would be. Before he retired as CEO, Jackson Tai told us…
Gerry Corrigan’s Case For Large Integrated Financial Groups
by Simon Johnson
Gerry Corrigan’s main assertions in a recent speech on large integrated financial groups are completely wrong.
Internationalising the RMB through cross-border trade settlement
by Chris Lewis, Head of Trade and Supply Chain, Greater China at HSBC
A critical factor for the success of the RMB cross-border trade settlement programme—and the key opportunity for banks—will be the pricing and availability of suitable bank products
The White House Theory of Bank Size
Diana Farrell, deputy director of the National Economic Council in the Obama Administration, made a statement about whether the largest US banks are too big and should be broken up that contains three remarkable points.
Chinese banks and the US market: a moment of truth?
The ambition of China Minsheng Banking Group (Minsheng) to take over UCBH Holdings, in which it has a 9.9% stake—and thus become the first Chinese bank to acquire a US lender—is hardly a state secret. But the ninth-largest mainland lender’s plans seemingly have to be put on hold, due to loan provisioning and management control [...]
ANZ (finally) takes a big step into Asia
The announcement this morning that ANZ was buying RBS’ business in six countries was no surprise to anyone who had been following the story -except maybe for the price: at $550 million, ANZ is paying a much smaller amount than the $980 million that had been mentioned in recent press reports. Now the hard work begins.