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Landesbanken under pressure to restructure

Under review: there have been calls for Bayern LB (headquarters pictured) to be sold following its recent difficultiesUnder review: there have been calls for Bayern LB (headquarters pictured) to be sold following its recent difficulties

The German Landesbanken were hit hard by the financial crisis, and bailouts at both state and federal level have allowed the national government and the EU to increase the pressure for both restructuring and reform. Writer Michael Marray

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  • Capital Markets 

    BNP Paribas consolidates crisis gains

    Martin Egan, appointed global head of primary markets and origination and Arne Groes, global head of flow-credit trading of BNP ParibasMartin Egan, global head of primary markets and origination, and Arne Groes, global head of distribution, at BNP Paribas

    BNP Paribas has had a good crisis. Now, after a reorganisation at the top level of the investment bank, the challenge is to consolidate the gains it has made and expand its US and Asian presence, a task that its new global head of primary markets and origination and global head of distribution are relishing. Writer Geraldine Lambe

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  • Latin America 

    Argentina's season of change

    Poor harvest: but Banco Galicia, a leader in the agricultural sector, closed 2009 with a $301.5m profitPoor harvest: but Banco Galicia, a leader in the agricultural sector, closed 2009 with a $301.5m profit

    Despite the twin threats of the worst drought to strike South America in decades and the continuing fallout from global financial crisis, Argentina's lenders have survived relatively unscathed. And now a debt swap offer could allow the country to access international credit markets. Writer Silvia Pavoni

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  • Securities services 

    Regulation collaboration comes closer

    Bob McDowall, research director for Europe at TowerGroupBob McDowall, research director for Europe at TowerGroup

    An unprecedented overhaul of the securities industry is taking place under politically mandated reform. This is forcing markets and regulators to work more closely together to ensure that there is no repeat of the recent financial crisis. Writer Frances Maguire

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  • Africa 

    The oil boost is timely for Ghana

    Fuelling prosperity: the Tema oil refinery near Ghana's capital, AccraFuelling prosperity: the Tema oil refinery near Ghana's capital, Accra

    Ghana's entry into the club of African oil producers has placed its economy in the spotlight, with revenues from its up-and-coming oil industry expected to address the country's fiscal deficit. Writer Daniel Maalo

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  • UK Financial Centres 

    Looking beyond London

    Collective thinking: Leeds' approach is to sell itself as a region, rather than just a single cityCollective thinking: Leeds' approach is to sell itself as a region, rather than just a single city

    The UK's regional financial centres are undergoing a financial and cultural renaissance. They are shrugging off the effects of the downturn, establishing themselves as viable alternatives to London and growing in both confidence and maturity. Writer Charlie Corbett

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