Global Finance

The Bermuda bank agrees to buy a 91.7% stake in CIBC Caribbean Bank for $1.8 billion, creating a regional giant. This article appears in the July/August issue of Global Finance Magazine. Butterfield Group has agreed to acquire a 91.7% stake in CIBC Caribbean Bank Limited for $1.8 billion — $1.09 billion in cash and the remainder in shares — in a deal that would create one of the region’s largest banking groups.

Central banks are scaling back on the dollar as institutional bullion buying climbs to record highs. In the World Gold Council’s (WGC) latest annual survey of central banks, 83% of respondents expect to increase their gold holdings over the next year. That’s up from 76% in 2025. This surge in demand is due to the U.S. dollar’s waning preeminence in global reserves and the growing number of international crises.

The race is on to secure alternative routes for both Gulf fossil fuels and clean energy. This article appears in the July/August 2026 issue of Global Finance Magazine. More than 30 years after the first Gulf War, it seemed unlikely, if not unthinkable, that images of burning oil facilities would once again make headlines in the Middle East. Yet here we are again. And once again, the region’s energy producers must figure out how to pick up the pieces.

As the world's biggest sporting event closes, a look at the multi-billion dollar legacy left in Doha. This article appears in the July/August 2026 issue of Global Finance Magazine. Three and a half years ago, the FIFA World Cup kicked off in Doha, at a stadium inspired by a traditional Bedouin tent.

Juan Bolona, Global Head of Cash and Trade Solutions at BNY, explains that as payments and settlement move toward a 24/7 model, treasury teams should start building the foundations for real-time cash forecasting today—well before the market forces a wholesale shift. The pace of change across technology and market infrastructure is accelerating, driven by the shift towards an always-on financial ecosystem that never closes for weekends or holidays.

Ana Botin, Executive Chair Global Finance is proud to announce its selections for the World’s Best Banks 2026, including its honoree for the World’s Best Bank, revealed here for the first time. The 2026 World’s Best Bank is Santander. “Serving 180 million customers worldwide, Santander combines the reach of one of the world’s largest banks with the agility of a digital-first challenger.

Mal Cullen,Chief Executive Officer Global Finance announces its selections for the World’s Best Banks 2026, including its honoree for the World’s Best Sub-Custodian Bank, which is being revealed here for the first time. The 2026 World’s Best Sub-Custodian Bank is CIBC Mellon.

Challa Sreenivasulu Setty, Chairman Global Finance is proud to announce its selections for the World’s Best Banks 2026, including its honoree for the World’s Best Consumer Bank, revealed here for the first time. The 2026 World’s Best Consumer Bank is State Bank of India.

Onur Genc, Chief Executive Officer Global Finance is proud to announce its selections for the World’s Best Banks 2026, including its honoree for the World’s Emerging Markets Best Bank, revealed here for the first time. The 2026 World’s Emerging Markets Best Bank is BBVA. “BBVA has built a rare combination of scale, profitability and innovation in its emerging markets footprint.

Jeremy Awori, Chief Executive Officer Global Finance is proud to announce its selections for the World’s Best Banks 2026, including the honoree for the World’s Best Frontier Markets Bank, revealed here for the first time. The 2026 World’s Best Frontier Markets Bank is Ecobank. “In frontier markets, few institutions match Ecobank’s ability to connect local opportunity to global capital and trade flows, acting as a hub between Africa, Asia, Europe and other international markets.