• JP Morgan names new head of Emea DCM

    JP Morgan has chosen a new head of debt capital markets in Emea, as part of a wider reshuffle designed to promote a new generation of bankers to top jobs.

    • 21 Oct 2016
  • Fixed income saves the day (for once) at US banks

    US banks reporting earnings in the third quarter ubiquitously saw steep upturns in revenues from fixed income trading, despite some seeing overall falls in year over year revenues, as divergences of opinion on the Federal Reserve’s plans for interest rates caused increased trading in bonds.

    • 20 Oct 2016
  • FCA meddles with league tables, IPO allocs

    The UK’s Financial Conduct Authority will look over some banks’ shoulders to make sure they are allocating IPOs fairly and is trying to get league table providers to reduce incentives for banks to engage in ‘league table trades’ in the MTN and equity block trades markets.

    • 20 Oct 2016
  • Morgan Stanley gains on big quarter for fixed income trading

    Morgan Stanley on Wednesday reported a quarterly increase in earnings of 57% compared to the third quarter of 2015, driven in part by big gains in its fixed income sales and trading unit.

    • 19 Oct 2016
  • Tempelman moves up as BAML shifts top London roles

    Bank of America Merrill Lynch has reshuffled the senior management of its debt capital markets and corporate banking teams in London.

    • 19 Oct 2016
  • Goldman Sachs reports jump in profits on back of strong trading

    Goldman Sachs reported third quarter earnings on Tuesday, posting a year-on-year increase in revenue on the back of improved conditions in its fixed income trading unit.

    • 18 Oct 2016
  • JPM expands new credit product development group

    JP Morgan’s credit product development group (CPD), formed in August and headed up by former syndicate global co-head Ryan O’Grady, has added seven new members.

    • 18 Oct 2016
  • FCA seeks ban on restrictive clauses, clamps down on league tables

    The UK’s Financial Conduct Authority has proposed to ban the use of restrictive clauses in deal documents that aim to tie bank clients of one service to other services in the future, and is also looking to clamp down on banks' use of league tables to pitch for business.

    • 18 Oct 2016
  • Citi’s FI revenues leap, helping offset overall decline

    Revenues at Citi’s fixed income operations soared 35% year on year in the third quarter 2016, helping to offset the overall revenue decline at group as it continues to reduce non-core assets in Citi Holdings.

    • 17 Oct 2016
  • South Korea’s FSC relaxes regulations on LLRs

    The South Korean government is set to ease rules on loan loss reserves (LLR) in a boost to banks’ regulatory capital ratios. But the changes, announced on October 7 by the Financial Services Commission, could leave lenders less prepared for IFRS 9. Fitch Ratings has warned.

    • 13 Oct 2016
  • Basel plans delay for feared expected loss rules

    Banks may get a temporary stay of implementation on applying one of the more feared post-crisis developments in bank capital and accounting rules.

    • 12 Oct 2016
  • Head of Europe’s bank resolution board criticises French 'tier three' plan

    Elke König, chair of the European single resolution board, attacked the French plan for bail-inable senior debt, arguing that it would take too long to make banks safe.

    • 11 Oct 2016
  • CDS volume surges as DB curve inverts

    Numerous press articles in recent years have predicted the death of single name credit default swaps. Onerous capital requirements, costly changes in market structure and alternative hedging tools have all been cited as factors driving the inexorable decline in the product.

    • 06 Oct 2016
  • Theresa May swipes at unconventional monetary policy, UK set to stimulate

    The UK government has lent its voice to the growing current of international opinion that expansive monetary policy has gone far enough, and may even be harming growth. Britain is set to embark on a fiscal stimulus, likely to be welcomed by financial markets.

    • 06 Oct 2016
  • Asia DCM deal volumes set new record for 2016

    Global debt capital markets have seen a total of $5.23tr worth of bonds issued in the first nine months of the year, with the volume for Asia ex-Japan totalling $944bn — the highest for the period since 1995.

    • 06 Oct 2016
  • Stop saying Deutsche and Lehman in the same breath

    Deutsche Bank, its balance sheet and the market it operates in are worlds away from where major financial institutions stood in 2008 — so those scaremongering either have their own incentives for doing so or should know better.

    • 04 Oct 2016
  • MUFG adds to growing FIG team

    MUFG has hired a banker into a senior job in its financial institutions group team in Europe, the Middle East and Africa, as the bank looks to further expand headcount in this market.

    • 04 Oct 2016

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Oct 2016
1 UBS 11,498.67 72 6.01%
2 HSBC 10,710.61 60 5.60%
3 BNP Paribas 9,831.12 47 5.14%
4 Credit Agricole CIB 9,513.58 45 4.97%
5 Commerzbank Group 9,052.55 54 4.73%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 JPMorgan 83,632.79 365 6.90%
2 Citi 78,369.17 439 6.46%
3 Morgan Stanley 71,293.89 310 5.88%
4 Goldman Sachs 68,728.80 354 5.67%
5 Bank of America Merrill Lynch 67,654.98 332 5.58%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Oct 2016
1 JPMorgan 66,103.08 263 10.70%
2 Citi 63,508.84 343 10.28%
3 Bank of America Merrill Lynch 56,965.71 282 9.22%
4 Morgan Stanley 50,049.01 235 8.10%
5 Wells Fargo Securities 47,073.69 227 7.62%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 8,094.29 29 8.17%
2 BNP Paribas 7,155.53 27 7.22%
3 UBS 6,774.88 24 6.84%
4 UniCredit 5,793.45 23 5.85%
5 LBBW 5,728.28 22 5.78%

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 BNP Paribas 6,662.83 23 9.67%
2 UBS 6,524.55 26 9.47%
3 HSBC 6,275.95 20 9.11%
4 Barclays 5,522.64 16 8.02%
5 Citi 4,577.05 23 6.65%