Bank chiefs bow to ringfencing but warn of unintended consequences

Chief executives of the UK’s largest banks on Tuesday accepted that the separation of banks’ retail operations from their investment banking entities was a “done deal”, although some warned that the move would pass extra costs onto consumers.

  • 12 Oct 2011

Answering questions from the House of Lords Economic Affairs committee on Tuesday afternoon, Stephen Hester, CEO of Royal Bank of Scotland, said that ringfencing measures proposed in the Independent Commission for Banking’s Vickers report carried “significant additional costs [that] will not be balanced by their benefits”.

He added ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,856.90 55 6.30%
2 UniCredit 8,379.23 66 4.86%
3 BNP Paribas 7,918.03 38 4.60%
4 Commerzbank Group 7,805.13 49 4.53%
5 LBBW 7,738.70 45 4.49%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 96,135.23 376 7.34%
2 Citi 84,976.88 498 6.49%
3 Bank of America Merrill Lynch 83,537.64 328 6.38%
4 Goldman Sachs 80,248.79 441 6.13%
5 JPMorgan 76,164.92 364 5.81%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 73,003.66 384 11.02%
2 Bank of America Merrill Lynch 67,317.92 276 10.16%
3 Morgan Stanley 65,732.49 269 9.92%
4 JPMorgan 63,159.52 276 9.53%
5 Goldman Sachs 59,493.52 368 8.98%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 5,543.24 22 6.82%
2 LBBW 5,487.17 19 6.75%
3 BNP Paribas 4,946.20 16 6.09%
4 Commerzbank Group 4,830.70 19 5.95%
5 Credit Agricole CIB 4,748.11 18 5.84%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 9,144.21 24 13.25%
2 HSBC 8,738.18 35 12.66%
3 BNP Paribas 4,721.16 25 6.84%
4 Citi 4,398.19 35 6.37%
5 Credit Suisse 4,325.15 22 6.27%