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  • Ditch-A-Bank

    The sell-off in European banks is terrifying and baffling, all at the same time. GlobalCapital would be first to admit there are still issues — poor growth, weak balance sheets, non-performing loans, defered tax assets, complex forms of untested capital cooked up in regulatory labs – but the continent’s biggest banks aren’t going anywhere. For one thing, they are still too big to fail.

    • 09 Feb 2016
  • Why Europe needs to find more misselling

    Europe’s banks, with a few notable exceptions, have yet to be hit hard with claims of unethical dealing. But that is likely to change. Thanks to a quirk of the European regulatory system, supervisors need to find some misselling before it is too late.

    • 09 Feb 2016
  • BNPP should tip its strategy hand

    BNP Paribas has impressive targets for cutting costs and increasing capital, after outshining some of its major competitors by posting a full year profit. But it needs to tell a compelling story about how it plans to hit them.

    • 09 Feb 2016
  • Private banking and investment banking: The problem with blurring the boundaries

    It’s been an axiom of recent bank restructurings that more private banking and wealth management is better. Gather the substantial and sticky deposits of the wealthy, harness their investments, and skim fees off the top, using as little balance sheet as possible. Dodge the tax evasion fines, and it’s a good and stable business to be in.

    • 02 Feb 2016
  • ECB breathes life back into covered bonds

    It is no coincidence that Tuesday’s €1bn covered bond from BPCE attracted more investors for a French seven year deal than at any time in the last year. The European Central Bank has started to scale back its purchases.

    • 02 Feb 2016
  • The Brexit fight is on: look to the big issues

    Capital market participants tend to keep their heads below the political parapet. Brexit is one issue they must not ignore. It would sabotage the City’s leadership in financial services and be an assault on the fabric of global governance.

    • 02 Feb 2016
  • Primary dealer problems can no longer be a secondary concern

    Another week, another bank exits a major European primary dealership. Problems that have been apparent for several years are now having tangible effects — and it is about time politicians took note.

    • 02 Feb 2016
  • Not everything can be tier two

    The European Commission's group of ‘experts’ are making welcome steps towards unraveling the complexities of bank capital. But the multiplicity of loss-absorbing instruments exists for a reason — not everything can become tier two capital.

    • 02 Feb 2016
  • Do AT1s know they’re born?

    The first missed additional tier one (AT1) coupon payment may not be the harbinger of impending doom some think, but the implications for banks’ capital costs would be severe.

    • 02 Feb 2016
  • Chinese green bonds have yet to pass the test

    The future looks bright for China’s domestic bond market having started the year in full throttle with Shanghai Pudong Development Bank (SPDB) and Industrial Bank raising a combined Rmb30bn ($4.6bn). But while the volumes may be impressive, making sure issuers honour the green label will be the real test.

    • 02 Feb 2016

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Feb 2016
1 Barclays 32,828.49 74 9.02%
2 Citi 24,327.69 73 6.68%
3 JPMorgan 19,485.37 90 5.35%
4 Bank of America Merrill Lynch 19,402.46 63 5.33%
5 Deutsche Bank 18,951.64 53 5.21%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 HSBC 1,012.56 4 6.74%
2 SG Corporate & Investment Banking 1,007.03 4 6.70%
3 Commerzbank Group 875.20 4 5.82%
4 BNP Paribas 826.35 4 5.50%
5 ING 796.36 4 5.30%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 UBS 2,173.75 4 24.65%
2 Deutsche Bank 657.35 5 7.45%
3 BNP Paribas 645.21 6 7.32%
4 Goldman Sachs 561.40 6 6.37%
5 Bank of America Merrill Lynch 542.61 4 6.15%