The Banker

1 week ago | thebanker.com | Giovanni Legorano

More than 15 years after the global financial crisis, the European banking system has made great strides in becoming stronger. The crisis induced many spectacular banking failures and forced some countries to spend billions of euros to rescue many lenders. To continue reading, join our community and benefit fromIn-depth coverage across key marketsComments from financial leaders and policymakers worldwideRegional/country bank rankings and awardsActivate your free trial

1 week ago | thebanker.com | Anita Hawser

Net zero alliance chair defends shift away from 1.5C, saying it could help attract new membersFormed at COP26 in 2021, the NZBA now faces criticism for ‘climate backsliding’ © BloombergHaving abandoned a strict lending requirement for banks, the Net-Zero Banking Alliance’s chair has urged more lenders from emerging and developed countries to reconsider joining the climate alliance, which has suffered an exodus of members, including large US banks, in recent months.

1 week ago | thebanker.com | John Everington

As Saudi Arabia faces up to the possibility of increased fiscal tightening in the midst of lower oil prices, the kingdom’s lenders still have plenty of cause for optimism.

1 week ago | thebanker.com | Sally Hickey

When Jamie Dimon speaks, most bankers listen. The chief executive of JPMorgan Chase warned last week that the US economy was facing “considerable turbulence” as Trump’s on-again-off-again tariffs caused markets to whipsaw. While many banks benefited from this in the short-term — as a result of soaring trading profits — Dimon said a wider fallout could lead to management teams pulling financial guidance and earnings estimates for US blue-chip companies falling in the coming weeks.

1 week ago | thebanker.com | Kimberley Long

Indonesian bank investors are concerned about the level of government intervention at the country’s state-owned banks, with changes to CEOs and board structures implemented as the banks come under the oversight of the new Danantara sovereign wealth fund. Daya Anagata Nusantara — shortened to Danantara — is slated to eventually manage $900bn in assets.