The challenge for new African Development Bank President Akinwumi Adesina is to ensure that it develops its own Africa-relevant solutions to the continent’s problems.
Reuters/Luc Gnago
As the African Development Bank Group changes leadership, Africa’s multilateral financier must chart a new course, including raising the contribution and voice of Africans in the institution.
Is it time for the ATM’s requiem?
Old ATM via www.shutterstock.com
Devices we keep in our pockets can now do most of the functions once the dominion of the automated teller machine – or banker – but it may be premature to pronounce the end of the ATM.
Double act. Jain and Fitschen at a Deutsche press conference.
Frederik von Erichsen/EPA
Taking ultimate responsibility for your company’s actions hasn’t been a popular choice for bosses, but Jain and Fitscher have now set a strong example.
The stricken bank offered a chance to remodel how we think about banking in Britain. Instead it should now provide a focus for anti-austerity protests.
The culture of foreign exchange market has changed significantly, but problems persist with the market that make it susceptible to further transgressions.
Banks including Barclays are being hit with another round of fines for bad behaviour.
Andy Rain/EPA/AAP
With rates on the way down the problem of runaway property investing has been left to the regulator APRA. But regulators should not be used as agents of short-term government policy.
The Commonwealth Bank’s chief executive Ian Narev apologised to clients given poor financial planning advice.
AAP/Stefan Postles
As HSBC suffers under the scorching spotlight of public scrutiny once more, it is fair to ask why the banking group so often finds itself at the heart of the action.
Forex traders who went to the dark side could soon be forced to face the consequences.
Justin Lane/EPA/AAP
“Oh what a tangled web we weave. When first we practice to deceive”. Sir Walter Scott’s comment could have been made about the LIBOR and foreign exchange (forex) scandals engulfing the world’s largest…
Labour reforms won’t cast much of a shadow in the City.
Stefan Rousseau/PA Wire/Press Association Images
Given the scandals, bonus increases and plummeting lending to small and medium-sized British businesses, reform of the banking system is likely to be a hot topic in the run-up to the general election…
A simple (but profitable) formula for university education.
Andreas Kyprianou
The past three decades have seen an unprecedented explosion of activity in a new sub-discipline of mathematics: financial mathematics. The emergence of this field has parallelled the expansion of the quantitative…