GlobalCapital Leader

  • When reputations impede

    Goldman is not the only US bank on the reputation radar this week. Wells Fargo’s sales scandal is a signal that, even in an industry as publicly loathed as banking (and we are well aware that the news media is another), reputation risk is to be taken seriously.

    • 07:00 PM
  • Would you go to Marcus for money?

    A bank masquerading as a start-up in the overcrowded marketplace lending industry seems like overkill, but Goldman Sachs is fighting an uphill battle to win the hearts of US borrowers, especially after being vilified during the 2008 financial crisis.

    • 06:00 PM
  • The importance of the 30%

    The investment grade corporate bond market, wrapped in the warm blanket of the Corporate Sector Purchase Programme, continues to avoid the brunt of wider market volatility, but investors are fighting back and issuers have no choice but to take note.

    • 13 Oct 2016
  • Open ended loan funds: an illiquid lunch

    Insurance companies taking leveraged loan exposure through open ended funds, rather than CLOs, should cause alarm. Given the liquidity risk inherent in the structures, regulators ought to be watchful.

    • 13 Oct 2016
  • Banks need to move on freedom of movement

    If banks have learnt one lesson from Brexit it is that hiding during debates over the UK economy does not result in their desired outcome. Now with freedom of movement under attack, the time has come to speak out.

    • 06 Oct 2016
  • European ABS: pied beauty

    Efforts to paint the European ABS market as a simple, bank dominated funding tool to charm nervy rule makers underplay the importance of the market for complex, bespoke deals for private equity firms. Each sort has its merits.

    • 06 Oct 2016
  • In defence of Moody’s

    Moody’s move to junk Turkey's rating last Friday was met with howls of disdain from investors after they believed the agency had hinted there would be no downgrade. But no diligent fund manager should be moving positions based on a throwaway comment from a single analyst.

    • 29 Sep 2016
  • Deutsche Bank: make like MetLife, and shrink

    Deutsche Bank is not simply too big to fail, it is too big to function. It's time to shrink.

    • 29 Sep 2016
  • Beware the siren song of cheap debt

    The aftermath of the UK’s decision to leave the European Union has been an uneasy calm. Inflation is at a 20 month high of 0.6%, unemployment is at a post-crisis low, and consumer spending is robust. But then of course, nothing has happened yet.

    • 22 Sep 2016
  • Levlending guidance — well done ECB

    Leveraged finance bankers probably didn’t think their jobs could get any tougher. Not until Wednesday at least, when, at Euromoney's Levinvest conference, the ECB dropped the bombshell that it was, in all likelihood, set to introduce ‘guidance’ on leveraged lending.

    • 22 Sep 2016

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 JPMorgan 310,048.18 1328 8.75%
2 Citi 285,934.48 1059 8.07%
3 Barclays 258,057.88 833 7.29%
4 Bank of America Merrill Lynch 248,459.06 911 7.01%
5 HSBC 218,245.86 884 6.16%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 JPMorgan 29,669.98 55 6.95%
2 UniCredit 28,692.62 136 6.73%
3 BNP Paribas 28,431.90 139 6.66%
4 HSBC 22,935.49 112 5.38%
5 ING 18,645.88 118 4.37%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 JPMorgan 14,593.71 79 10.38%
2 Goldman Sachs 11,713.19 63 8.33%
3 Morgan Stanley 9,435.23 48 6.71%
4 Bank of America Merrill Lynch 9,019.27 40 6.41%
5 UBS 8,763.73 42 6.23%