Gareth Gore is an associate editor at IFR, where he heads the global people and markets coverage. Since joining the magazine in 2009, he has written extensively on the eurozone crisis, sovereign debt, banking regulation and the international capital markets. He previously worked as a Madrid-based correspondent for Bloomberg, and has also worked for Risk magazine.
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Russian authorities have moved to ease growing signs of tension in the country’s banking system, with the central bank temporarily suspending accounting rules and readying plans to inject capital and liquidity into the sector in a bid to ease the pressure.
Banks have largely rejected the offer of super-cheap four-year funding from the European Central Bank, dealing a blow to its efforts to stimulate lending in the region’s struggling economies, and making it more likely that the institution will have to resort to purchases of sovereign and corporate bonds to meet its goals.
Investment banks have had to tear up decades-old strategies and rethink their purpose since the financial crisis. Their leaders tell IFR about the shape they are in now, what they think will happen next, and what the industry will look like after all the upheaval.