Massive growth in the need for financial services in emerging markets has demanded financial competitors to adapt and innovate. This has provided tremendous opportunity for fast-acting companies to benefit.
The Russian market’s inchoate yet potentially revolutionary political opposition served notice it is not going away, with another massive demonstration in Moscow on June 12.
With the banking sectors in two of the four BRIC markets — Brazil and China, facing short and long-term systemic challenges, Indian lenders have held up better than their counterparts, only to falter in the last few weeks.
Vladimir Putin will be inaugurated for his third term as Russia’s president today, and with typical grandiosity has declared a national holiday in his own honor. Looking at the Kremlin’s pomp and circumstance, it would be easy to forget that the mass protests in the streets of Russia last winter ever happened.
An extraordinary dialogue took place recently at a Moscow investment conference between representatives of the Russian and American economic elites.