Old Money

  
by Prof Richard Roberts 
  • Old Money: first Brexit

    At 7:30pm on September 16, 1992, or Black Wednesday, at the end of a frenzied day in the markets the UK chancellor of the exchequer Norman Lamont announced that Britain was leaving the Exchange Rate Mechanism of the European Monetary System. It was a critical change in policy direction from the path of monetary convergence with the Europe and the first Brexit.

    • 01 Sep 2017
  • Old Money: hard-wired for FX

    There’s plenty of arguing about Brexit, but in finance, euro clearing stands out as a particularly bitter regulatory fight. At issue is London’s place as the host of euro trading — and it’s going to go down to the wire.

    • 03 Aug 2017
  • Old Money: Banking’s era of fines

    Banks are in the grip of an era of regulatory fines. Boston Consulting Group (BCG) estimates that since the 2008 financial crisis banks globally have paid $321bn in fines, an average of $40bn a year. Most have been levied by US banking agencies, with the EU claiming that it has levied 800% more in bank penalties than its 28 member states have added together. The record fine to date is the $13bn paid by JP Morgan in 2013 in settlement of mortgage backed securities (MBS) violations.

    • 03 Jul 2017
  • Old Money: Glass-Steagall – new and old

    Talk of a ‘21st Century Glass-Steagall’ is swirling around Washington and Wall Street. What this might mean in practice is hazy, but the phrase Glass-Steagall is plainly a powerful political talisman.

    • 07 Jun 2017
  • Old Money: Plungers and terrorists

    Short sellers and their schemes have a murky past. From the Dutch East India Company to Borussia Dortmund.

    • 10 May 2017
  • Old Money: Marine Le Pen, John Law and Napoleon Bonaparte

    Once France broke international records for sovereign defaults, thanks to wars, money printing and dodgy liability management.

    • 11 Apr 2017
  • Old Money: Swiss banking to rescue for 'accident prone' CS

    Kaleidoscopic corporate restructurings have long been a feature at Credit Suisse. There appear to have been three drivers – geographical balance, shuffling the deck in its investment banking activities and a noted propensity for being accident prone.

    • 08 Mar 2017
  • Old Money: Modi, money laundering and Hitler’s helicopter cash

    At 8:15pm on November 8, Indian prime minister Narendra Modi stunned the country by announcing in an unscheduled television broadcast that at midnight Rs500 ($7.50) and Rs1,000 ($15) banknotes would be “demonetised”.

    • 08 Feb 2017
  • Old Money: Barclays déjà vus

    It’s a back-to-the-future new year for Barclays as it forges ahead with its strategic repositioning — the latest moves in what feel like decades-long twists and turns into and out of Africa and investment banking.

    • 06 Jan 2017
  • Old Money: making economies great again

    The markets have largely endorsed US president-elect Donald Trump’s mission to “make America great again”. But previous populist strongmen, in their quests to prove national strength and virility, have done a world of damage to their country’s economic prospects.

    • 08 Dec 2016

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 317,691.74 1201 8.90%
2 JPMorgan 291,227.96 1326 8.16%
3 Bank of America Merrill Lynch 285,088.11 991 7.99%
4 Goldman Sachs 217,749.25 714 6.10%
5 Barclays 209,291.80 811 5.87%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 32,320.82 147 6.67%
2 Deutsche Bank 32,259.50 104 6.66%
3 Bank of America Merrill Lynch 28,890.43 85 5.96%
4 BNP Paribas 25,663.29 144 5.30%
5 Credit Agricole CIB 22,617.86 130 4.67%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 18,160.85 71 9.15%
2 Morgan Stanley 15,215.44 76 7.67%
3 UBS 14,195.29 55 7.15%
4 Citi 14,014.57 86 7.06%
5 Goldman Sachs 12,113.98 67 6.10%