• HSBC loses India ECM head

    HSBC’s equity capital markets head for India has left the bank, GlobalCapital Asia understands.

    • 07:30 AM
  • Harris stamps mark with Morgan Stanley DCM revamp

    Morgan Stanley has overhauled its EMEA DCM operation, following Piers Harris taking over as the regional head. The bank has launched a 'senior coverage team' and appointed one of its FIG co-heads to run it.

    • 21 Feb 2017
  • Proctor gambles on Santander in sponsors job switch

    Santander has poached yet another banker from the Royal Bank of Scotland's leveraged finance team, as Saul Proctor becomes financial sponsor director at the Spanish bank.

    • 21 Feb 2017
  • Write-down masks Trump trade boost for HSBC markets biz

    A large write-down in European private banking left HSBC nursing a heavy quarterly loss at the end of 2016, despite a strong performance in global banking and markets and trading profit that nearly doubled.

    • 21 Feb 2017
  • HSBC investment bank sheds Q4 profit in Asia

    HSBC's Asia profit before tax from global banking and markets slipped 33% to $654m in the fourth quarter of last year from $972m in Q4 2015, mirroring a fall in income.

    • 21 Feb 2017
  • HSBC sticks to bets on RMB, China markets

    HSBC outlined in its annual results announcement on Tuesday some of the difficulties it is facing in the Chinese market, but also said it was raising its revenue targets for the RMB business in 2017.

    • 21 Feb 2017
  • Updated: China tweaks renminbi fixing mechanism

    China is understood to have tweaked its renminbi fixing mechanism by reducing the reference window of the baskets of currencies it tracks.

    • 21 Feb 2017
  • ANZ poaches from BNP for rates strategy

    ANZ has appointed Jennifer Kusuma as senior Asia rates strategist in Singapore, hiring her from BNP Paribas.

    • 21 Feb 2017
  • Nomura hires for FIG coverage, Italy IB

    Nomura has hired two bankers into its investment banking division, a new head of investment banking for Italy and a FIG coverage banker.

    • 20 Feb 2017
  • Klaus encounters for the second time at ESM

    The European Stability Mechanism’s board of governors on Monday reappointed ESM managing director Klaus Regling for a second five year term, which will start on October 8.

    • 20 Feb 2017
  • P&M Notebook: fixing the roof while the sun shines

    Credit Suisse has been no stranger to disappointment in the past year, thanks to a savage series of business cuts and an equally savage banking and markets backdrop for much of the year. But now, things are looking up.

    • 20 Feb 2017
  • FTZ: the struggle continues in 2017

    Two and a half years after the launch of the first pilot free trade zone in Shanghai, the authorities appear ready to inaugurate a third batch of FTZs. But recent moves to restrict capital outflows have ended up hurting foreign enterprises, dealing a blow to China’s efforts to open its capital account.

    • 20 Feb 2017
  • India gives deadline for IPOs of state-owned firms

    India has released a series of targets to make sure its state-owned firms are listed within a specific timeframe, giving them up to 5.5 months to market and launch their IPOs.

    • 20 Feb 2017
  • DLA Piper beefs up project finance team in HK

    Law firm DLA Piper has hired a new partner to its finance and projects group in Hong Kong, according to a Monday press release.

    • 20 Feb 2017
  • UBS cuts corporate DCM head

    UBS has placed Melanie Czarra, co-head of corporate DCM and client solutions for EMEA, at risk, though she remains employed by the bank.

    • 17 Feb 2017
  • DBS veteran loans banker heads to Cathay HK

    Cathay United Bank has hired a senior banker from DBS to helm its corporate banking operations in Hong Kong.

    • 17 Feb 2017
  • RBI opens Masala bonds to more investors

    The Reserve Bank of India has further opened up investment into Masala bonds by allowing new types of investors to access offshore rupee notes.

    • 17 Feb 2017
  • UBS trims senior investment banking ranks

    UBS Investment Bank has cut senior figures from its corporate finance business with Will Barter, the co-head of its UK investment banking division, leaving the firm.

    • 16 Feb 2017
  • Credit Suisse surprises on capital, DoJ forces loss

    Credit Suisse finished 2016 with a Sfr2.4bn ($2.39bn) annual loss but investors found reasons for optimism in the bank’s strong capital position and revenue growth in investment banking and capital markets, causing the stock price to rise 3.05% on the morning it reported.

    • 16 Feb 2017
  • SUBbed off: CS might shelve IPO

    Credit Suisse partially stepped away from its plan to place part of its ‘Swiss Universal Bank’ on the market to raise capital, as the bank’s asset disposals and legal settlements came out better than expected, taking the pressure off the bank's capital levels.

    • 16 Feb 2017
  • FCA mulls boost for UK primary debt market

    The Financial Conduct Authority is reviewing aspects of the UK’s primary markets regime, with a particular focus on whether the UK needs a specialised wholesale debt listing venue, like Ireland’s GEM market.

    • 16 Feb 2017
  • People Moves in Brief

    Nomura names new EM sales heads — RBC's esoterics head lands at Lord — BC Partners hires Goldthorpe for new credit business

    • 16 Feb 2017
  • Crucial year ahead for Citi’s scramble into corporate finance top tier

    Citi has turned around more than anyone thought possible in the past eight years. It's now one of very few banks with genuine global investment banking ambitions and abilities. But 2017 is critical for the bank to demonstrate it belongs with the best, writes David Rothnie.

    • 16 Feb 2017
  • HSBC reshapes Apac levfin as new global head takes over

    HSBC is overhauling the leadership of its leveraged and acquisition finance and sponsor coverage teams in Asia Pacific, with some senior changes taking place this week. While sources emphasised this does not signify a retreat, the moves have put a focus on what some consider a somewhat “static” job market for acquisition and leveraged finance in the region. Shruti Chaturvedi reports.

    • 16 Feb 2017
  • EU members clash on accounting overhaul

    Experts from the 28 EU member states this week began discussions on new accounting rules for the banking sector set to come into force from 2018 and, particularly, on how European banks can cope with the capital volatility they will cause.

    • 16 Feb 2017
  • Europe considers making more structured notes eligible for MREL, TLAC

    EU officials are looking at increasing the range of structured notes that can count towards banks' minimum requirement for own funds and eligible liabilities (MREL) and total loss-absorbing capacity (TLAC) ratios, potentially including liabilities with a minimum value that increases over time.

    • 16 Feb 2017
  • Credit Suisse picks key exec for China push

    Credit Suisse named one of its most senior investment bankers in Asia Pacific as China CEO this week, putting him in charge of a strategy increasingly focused on wealth management and China. The move came as the resilience of the bank's regional and integrated model continues to be tested, writes John Loh.

    • 16 Feb 2017
  • Asia people news in brief, February 16, 2017

    Bank of China taps new loans head — Maybank Kim Eng loses HK/China CEO — UBS adds three to equity sales trading, derivatives

    • 16 Feb 2017
  • Surging NPL rate pushes DBS profits to two year low

    DBS Group Holdings has reported its lowest quarterly profit in two years, hit by a jump in provisions for bad loans, according to an announcement on Thursday.

    • 16 Feb 2017
  • SGX seeks public insight on dual-class share structure

    The Singapore Exchange is consulting the public on whether to introduce a dual-class share (DCS) structure and if so what safety measures it should employ, it said on Thursday evening.

    • 16 Feb 2017
  • Regulations stall Chinese offshore debt issuers

    Chinese borrowers are itching to take advantage of cash rich investors in the offshore debt market but many have been delayed by the country’s registration process. This is leading to speculation that the National Development and Reform Commission (NDRC) is trying indirectly to control the outflow of capital. Morgan Davis reports.

    • 16 Feb 2017
  • Japanese banks take RMBi step with CIPS entry

    Japanese lenders have been largely missing from headlines of RMB-related initiatives, but some are starting to dip their toes into RMB infrastructure, starting with the cross-border interbank payment system (CIPS).

    • 16 Feb 2017
  • Top Republicans step up attacks on Fed policy, Yellen

    Emboldened Congressional Republicans ramped up attacks against the US Federal Reserve on Wednesday, taking aim at the central bank’s role in negotiating international financial rules and its bond purchase programmes. But chair Janet Yellen was defiant, and said the Fed would remain a part of the Basel negotiations.

    • 15 Feb 2017
  • Investec slashes staff in bond business

    Investec Bank has let go senior figures in DCM, syndicate and sales trading as it focuses on core UK and European clients through its corporate and acquisition finance team, the bank said.

    • 15 Feb 2017
  • BNY Mellon names new Korea country executive

    BNY Mellon has appointed an ex-JP Morgan banker as country executive for its South Korea operations, according to a Tuesday announcement.

    • 15 Feb 2017
  • Bank of China appoints new loans head in Beijing

    Bank of China has made a senior level change in its loans team in Beijing, transferring a banker from its Singapore branch to take up the top post in the syndications department.

    • 15 Feb 2017
  • Credit Suisse names Chow to China CEO role

    Credit Suisse has given one of its most senior investment bankers in Asia the position of China CEO, as the bank increases its pivot to the region.

    • 15 Feb 2017
  • Picturing the FCA’s unintended consequences

    We’d hate to say that the UK’s Financial Conduct Authority is standing still on its quest to regulate the markets, but it seems to be doing just that with the cover art on its discussion and consultation papers.

    • 14 Feb 2017
  • Investec Bank takes axe to emerging markets business

    Investec Bank has let go at least 11 people, leading to speculation that it has closed its emerging markets business, according to two sources.

    • 14 Feb 2017
  • SEA bourses pave way for rebound in ECM

    Stock exchanges in southeast Asia are set for a busy year, as they eye a rebound in ECM activity and make plans to woo foreign issuers.

    • 14 Feb 2017
  • Credit Suisse's 2016 results well received in spite of loss

    Credit Suisse finished 2016 with a Sfr2.4bn ($2.39bn) annual net loss but investors found reasons for optimism in the bank’s strong capital position and revenue growth in investment bank and capital markets, causing the stock price to rise 3.05% by 11.30am London time.

    • 14 Feb 2017
  • Nomura picks up two heads for EM sales

    Nomura has appointed two to its emerging markets sales team as it attempts to grow its business.

    • 14 Feb 2017
  • Updated: Credit Suisse Apac swings to profit in Q4

    Credit Suisse’s Asia Pacific unit returned to the black in the fourth quarter of 2016 as its full year income nearly doubled, the bank said on Tuesday.

    • 14 Feb 2017
  • Financial liberalisation still on for China, says Safe’s Pan

    Recent capital control measures enacted by China have led to concerns that the authorities might be reversing past efforts to liberalise the country's financial markets. But the administrator of the State Administration of Foreign Exchange (Safe), Pan Gongsheng, is adamant that more reforms are on the cards especially in regards to attracting more inflows.

    • 14 Feb 2017
  • RBC esoteric ABS head lands at Lord Capital

    Joseph Lau, managing director and head of non-traditional securitizations at RBC Capital Markets, has landed at New York-based Lord Capital after leaving the bank in January.

    • 13 Feb 2017
  • Co-op Bank considers ‘alternative options’ to build capital

    The Co-operative Bank put itself up for sale on Monday, but the ailing UK lender is also considering another debt-for-equity swap to build capital and avoid intervention from the Bank of England.

    • 13 Feb 2017
  • P&M Notebook: haves and have-nots

    Europe’s banks seem to be increasingly split into the distressed and the merely dull, with investors unwilling to give much credence to either group.

    • 13 Feb 2017
  • RMB trade slowdown prompts treasury sophistication

    The growth of renminbi trade has stalled, but it has forced a turning point to how corporates use the Chinese currency.

    • 13 Feb 2017
  • BC Partners hires Apollo IC's former president

    BC Partners has hired the former president and chief investment officer of Apollo Investment Corp to head its own newly opened credit platform.

    • 10 Feb 2017
  • UBS adds three to equity sales trading, derivatives

    Daniel Murphy has joined UBS in Hong Kong as the Asia Pacific head of equities sales trading, alongside two new hires in equity derivatives.

    • 10 Feb 2017
  • Hope lives for China bond investments

    The opening of the China interbank bond market (CIBM) has allowed more foreign investors to dip their toes into the market. But despite the reforms and the increasing likelihood of a bond inclusion in global indices, global investors are still wary of the market.

    • 10 Feb 2017
  • Maybank Kim Eng loses CEO for HK/China

    Maybank Kim Eng’s chief executive officer for Hong Kong and China has left the firm, according to sources close to the matter.

    • 10 Feb 2017
  • London RMB business still growing, says BoE

    While all eyes are focused on the Brexit process, the Bank of England (BoE) has quietly begun publishing numbers that support London's claim to be the leading RMB hubs in Europe. Meanwhile, market participants continue debate the relevance of the upcoming China-London Connect scheme.

    • 10 Feb 2017
  • UniCredit takes giant loss as it preps turnaround plan

    UniCredit announced an €11.8bn loss on Thursday as expected, paving the way for its €13bn rights issue and fifth shot at a transformational rescue. The bank said it had signed agreements preparing for 14,000 redundancies, but away from this carnage, the underlying businesses appeared to stay strong.

    • 09 Feb 2017
  • People Moves in Brief

    MUFG hires new FIG head — NBAD lays out new management structure — Barclays puts CLOs, illiquids first

    • 09 Feb 2017
  • EU warms to ‘no action’ as margin rules bite

    European financial market regulators have operated for some time without an equivalent to the ‘no action letters’ available to the other regulatory authorities such as those in the US but the European Securities and Markets Authority (ESMA) has woken up to the need for this recourse as a looming March 1 rollout of variation margin rules on uncleared derivatives threatens lockdown for swathes of unprepared participants.

    • 09 Feb 2017
  • Deutsche Bank closes US swap clearing business

    Deutsche Bank has closed its US swaps clearing business with immediate effect, as the bank responds to regulatory requirements that would have forced it to post more capital than it was willing to support the business with.

    • 09 Feb 2017
  • BNP Paribas plots market share raid by 2020

    BNP Paribas’s 2020 growth plan, unveiled on Tuesday, means building the bank’s market share in fixed income and capital markets, as rivals retrench or withdraw. Though the bank plans to run higher capital levels across the firm by 2020, the sale of First Hawaiian will free up firepower for the CIB unit.

    • 09 Feb 2017
  • Kenya mandate showdown as PTA loan thorns lenders

    International banks want quick answers from the Kenyan government on the status of its loan from Eastern and Southern African Trade and Development Bank (PTA Bank), which has threatened their bigger syndication for the sovereign just as the mandate is being finalised.

    • 09 Feb 2017
  • Clearstream switch could ease collateral crunch

    Clearstream, one of Europe’s largest settlement platforms, joined the European Central Bank’s Target 2 Securities (T2S) platform last week — a long-awaited move which could ease the collateral crunch facing banks, as well as pave the wave for a switch to new settlement technologies such as blockchain.

    • 09 Feb 2017
  • Five set for Saudi Aramco roles, Moelis must share

    Saudi Aramco is set to appoint up to five banks to advise it on its potential initial public offering after a six month pitching process reached its climax this week. Contrary to earlier reports, Moelis & Co will not be the sole adviser, but will be joined by another independent, two bulge bracket banks and a local firm, writes David Rothnie.

    • 09 Feb 2017
  • BoE names Hogg as deputy governor for markets and banking

    The Bank of England announced on Thursday that Charlotte Hogg would replace Minouche Shafik as deputy governor for markets and banking.

    • 09 Feb 2017
  • Commerz profits slump but bank builds capital

    Commerzbank’s profits slumped for 2016 and for the fourth quarter, as the euro-orientated commercial bank benefited less than other large banks from the flurry of Trump-related trading and the steepening US yield curve.

    • 09 Feb 2017
  • Germany presents roadblock for fast rollout of non-preferred senior

    The EU Commission wants member states and the EU Parliament to fast track its work on the hierarchy of creditors. But Germany is reluctant, and some MEPs want to tie it to the reshuffle of the bank recovery and resolution directive (BRRD) – a package that will not be adopted in the short term.

    • 09 Feb 2017
  • SocGen turns in resilient results as markets thrive

    Société Générale showed it was on a steady forward march on Thursday, posting a robust set of results that benefited from resilient performances across both its retail and investment banking arms.

    • 09 Feb 2017
  • NSFR may spur innovation in covered bonds

    Proposals for the treatment of covered bonds in the net stable funding ratio (NSFR) could spur structural innovation, may incentivise issuers to manage collateral more efficiently and, according to Fitch, could spur secondary market trading.

    • 09 Feb 2017
  • Turk Exim keeps to one year with loan launch

    Export Credit Bank of Turkey has followed Turkish peer Akbank into the loan market, launching the first of its semi-annual one year refinancings.

    • 09 Feb 2017
  • Ashurst taps senior corporate lawyer as partner

    Ashurst has appointed Pui Hong Chik as a partner in its corporate practice in Hong Kong to bolster its Greater China business, the law firm said on Thursday.

    • 09 Feb 2017
  • Barclays lures Kalra back from Goldman, names senior credit team

    Barclays has announced several senior appointments in its credit trading business, including the rehire of Shrut Kalra from Goldman Sachs to co-head European high grade on the derivatives side.

    • 09 Feb 2017
  • BNP Paribas prepares for assault on ECM’s top tier

    The French bank’s recent changes to its equity capital markets division show it is serious about growing its European ECM business outside France, writes David Rothnie.

    • 09 Feb 2017
  • Wells Fargo promotes Amin; Latham & Watkins hires

    Wells Fargo has named a new regional president for Asia Pacific, promoting Jafar Amin.

    • 09 Feb 2017
  • Indian AT1s to relish RBI relaxation on coupons

    The Reserve Bank of India is giving lenders a helping hand when it comes to paying coupons on their additional tier one debt, by allowing them to dip into their statutory reserves. Although the flexibility on coupon payments is beneficial, weaker banks will still struggle to come offshore for capital. Addison Gong reports.

    • 09 Feb 2017
  • China lays out new path for cornerstones to HK IPOs

    Cornerstone investors taking up huge chunks of Hong Kong IPOs have caused much controversy in recent years, but that looks set to change. China’s foreign exchange regulator has provided a new route for investing in the city’s listings, which is expected to diversify the pool of potential cornerstones beyond the typical state-owned enterprises, and friends and family investors. Jonathan Breen reports.

    • 09 Feb 2017
  • RMB 2.0: Entering the digital realm

    Renminbi internationalisation could soon be renamed renminbi digitalisation as the People’s Bank of China continues to make inroads to becoming the first major central bank to issue its own digital currency, according to a report from King & Wood Mallesons (KWM).

    • 09 Feb 2017
  • Garrido is good confirms Santander UK as senior job cemented

    Santander UK said that Juan Garrido Otaola will permanently become head of global corporate banking UK and chief executive of Abbey National Treasury Services, jobs he had been filling on an interim basis since March last year.

    • 08 Feb 2017
  • New NBAD CIB structure annouced

    Details of the new look National Bank of Abu Dhabi emerged this week including plans to divide the merged bank’s corporate and investment banking division into six reporting lines.

    • 08 Feb 2017
  • UBS appoints new Apac TMT head

    UBS has a new head of technology, media and telecom (TMT) for Asia Pacific, hired from SMBC Nikko.

    • 08 Feb 2017
  • India targets green bond development

    The Indian Green Bonds Market Development Council, a public-private initiative, launched its 2017 programme on Tuesday to build the country's green debt market to meet national climate objectives.

    • 08 Feb 2017
  • What’s on the regulatory wish list?

    Now there’s a chance that the marginalised and downtrodden voters of rust belt America will get what they really want — a wholesale dismantling of the post-crisis banking regulation — the finance industry must ask itself if that’s what it really wants.

    • 07 Feb 2017
  • Sibanye points to S African M&A gold rush

    The speed and success of Sibanye Gold in closing a loan to back its acquisition of US palladium miner Stillwater, has put South Africa in focus for bankers amid talk that two other acquisition deals out of the country could follow soon.

    • 07 Feb 2017
  • UniCredit fills senior tier in capital markets, corpfin

    UniCredit has named the bankers to fill a series of senior country posts in its financing and advisory business, which covers equity and debt origination, coverage and M&A.

    • 07 Feb 2017
  • Luxembourg eyes Brexit, CIBM for RMB opportunities

    The Brexit process and the further opening of the Chinese capital markets are pushing Luxembourg fund managers to sharpen their focus on China, Marc-Andre Bechet, director of legal and tax, Association of the Luxembourg Fund Industry (Alfi), told GlobalRMB.

    • 07 Feb 2017
  • Latham & Watkins hires former SEC official

    Law firm Latham & Watkins has strengthened its practice in New York, with the addition of a Mandarin speaking partner to its corporate department and financial institutions group.

    • 07 Feb 2017
  • Pandas key to BNP’s China bond ambitions

    BNP Paribas got a boost last month when it became just one of four foreign corporate debt underwriters in the China Interbank Bond Market (CIBM). The French lender’s head of global markets for greater China, CG Lai, explained to GlobalRMB that the licence showcased the growing maturity of the onshore market with Panda bonds the key to their plans.

    • 07 Feb 2017
  • Citi lands China bond settlement licence

    Citi has become the first US bank approved to act as a bond settlement agent in the China Interbank Bond Market (CIBM).

    • 07 Feb 2017
  • HSBC hires Laing to spearhead CEEMEA ECM

    HSBC has confirmed that it has hired Chris Laing to be head of equity capital markets for central and eastern Europe, the Middle East and Africa.

    • 06 Feb 2017
  • Dubai seeks pricing consensus on airports loan

    Dubai is closing in on loans of as much as $3bn to fund its airport expansion, but bankers have said that pricing remains an area of negotiation.

    • 06 Feb 2017
  • Jefferies hires EM sales head from Barclays

    Jefferies has appointed a new head of EU emerging markets sales having strengthened its EM credit team with four other recent hires.

    • 06 Feb 2017
  • P&M Notebook: tide of crazy hits bank regulation

    What’s happening in Washington DC right now seems bad and dangerous for a bunch of reasons, mostly reasons that GlobalCapital doesn’t claim any expertise in. We are but humble financial scribes, but now the ascendant Republicans are on our turf too.

    • 06 Feb 2017
  • MUFG hires new European FIG DCM head

    MUFG (Mitsubishi UFJ Financial Group) has hired a new banker to head up its DCM team for European financial institutions.

    • 06 Feb 2017
  • Safe gives nod to direct cornerstone participation

    Onshore Chinese investors can now buy into Hong Kong IPOs directly if they are acting as cornerstones investors, following a change in regulation by the State Administration of Foreign Exchange (Safe).

    • 06 Feb 2017
  • Direction of RMB remains hard to gauge

    After taking a beating in 2016, many are expecting the renminbi to fall further against the dollar this year. But few market watchers expect another sharp depreciation, with some believing the RMB may have already reached the bottom.

    • 06 Feb 2017
  • Droit hires in London for European push

    Droit Financial Technologies, a New York-based regulatory financial technology firm focused on over-the-counter derivatives, has made a senior hire in London as part of a European business drive.

    • 03 Feb 2017
  • S&P plays catch-up with new component to covered bond rating

    Almost two years after Moody’s and Fitch changed their rating criteria to take account of the Bank Resolution and Recovery Directive, Standard & Poor’s has set out how it plans to build resolution regimes into its ratings.

    • 03 Feb 2017
  • RMB round-up: CNY markets reopen, Japan banks hop onto CIPS, HK trade settlement collapses

    In this round-up, CFETS sets its dollar fix nearly unchanged after a week-long break, several Japanese lenders get ready to gain access to the China interbank payment system, and RMB trade settlement in Hong Kong sees a sharp fall in 2016. Plus a recap of our coverage.

    • 03 Feb 2017
  • Climate impacts are here, get ready for 3C warming, warns Cicero

    Cicero, the climate research institute at Oslo University, has produced a report to help investors work out where they face risks from climate change, with red, orange and yellow flags for the severity and immediacy of threats.

    • 03 Feb 2017
  • High hopes as EU starts green finance push

    Green finance leaders are hoping the European Union will come up with concrete initiatives to help the market, after its new official body on the subject met for the first time last week.

    • 02 Feb 2017
  • People Moves in Brief

    Natixis hires DCM head - DB's emerging ECM head quits - HSBC cuts hit DCM

    • 02 Feb 2017
  • Republicans keen for Trump regime to oust CFPB boss

    Republicans keen to start dismantling US financial regulatory infrastructure have the director of the Consumer Financial Protection Bureau, Richard Cordray, in their sights. But removing him may not be straightforward.

    • 02 Feb 2017
  • Blame and begging as market bleats for margin reprieve

    With less than a month to go until a major global deadline for market participants to begin posting variation margin, concern has turned to clamour as buy-side officials, industry bodies and service providers have lined up to ask regulators to allow a reprieve.

    • 02 Feb 2017
  • UK government aims for ‘freest possible trade’ in finance

    The UK government published its plan for Brexit negotiations on Thursday, setting out its aim for the ‘freest possible trade’ in financial services — but with few details on how this might be achieved.

    • 02 Feb 2017
  • France worry belies credit market calm

    Many market commentators have commented that 2017 will be the year of political risk. Uncertainty around Brexit, Donald Trump’s inaugural year as US president and a series of elections in continental Europe make conditions ripe for bouts of volatility.

    • 02 Feb 2017
  • Test for coal rule and Russian loan market as SUEK begins talks

    Siberian Coal Energy Company (SUEK) is set to test demand among banks for lending to Russia and their willingness to deal with the coal industry, given many lenders have rules prohibiting further investments in the sector.

    • 02 Feb 2017
  • Fired-up Republicans target Fed independence

    US president Donald Trump has fellow Republicans in Washington, DC fired up with his aggressive approach to government. Now they look to be planning an assault on the independence of the Federal Reserve and other bodies as they tear into post-crisis regulation, writes Sam Kerr.

    • 02 Feb 2017
  • Long line to checkout: date set on Profi loan

    Commitments are due by February 13 on a loan backing Mid Europa Partners’ acquisition of Romanian retail chain Profi Rom Food, as banks aim to close the deal by the end of the month.

    • 02 Feb 2017
  • Big Turkish reprice as Akbank sets tone

    Akbank made a bullish return to the international syndicated loan market this week, going beyond its usual one year tenor refinancing, despite the recent difficulties Turkish borrowers have faced in obtaining longer dated loans. But the deal confirms that pricing levels have changed markedly in the past six months, said bankers.

    • 02 Feb 2017
  • DB's fixed income engine in question after €1.4bn loss

    CEO John Cryan expressed sincere regret at serious mistakes made by his bank in the past, as Deutsche Bank posted a loss on Thursday for the second year running. The bank will eventually get past its legacy issues, but analysts were concerned about the bank’s weakening underlying business.

    • 02 Feb 2017
  • UBS comes out fighting after testing year

    A strong fourth quarter put a cap on a year in which UBS's investment banking model was severely tested, writes David Rothnie

    • 02 Feb 2017
  • BC Partners: call me, Ismail

    BC Partners, the private equity firm, has hired a new managing partner from outside the company.

    • 02 Feb 2017
  • Wells Fargo hires new Apac regional president

    Jafar Amin has been promoted to regional president for Asia Pacific at Wells Fargo, relocating to Hong Kong after working in London for nearly five years.

    • 02 Feb 2017
  • Foreign corporates get to grips with RMB curbs

    Intervention by Chinese authorities to stabilise RMB markets on and offshore have ushered in a difficult phase for foreign corporates, who once again are facing issues of trapped cash and tougher liquidity conditions.

    • 02 Feb 2017
  • Hong Kong leads offshore renminbi deposits rout

    The Hong Kong Monetary Authority (HKMA) released one of the most disappointing sets of RMB data last week when it revealed that the city’s renminbi deposits had plunged 12.9% in December 2016 to Rmb546.7bn ($79.5bn).

    • 02 Feb 2017
  • India eyes $1.6bn for coffers from insurance IPOs

    India will give a fillip to its treasury by raising Rp110bn ($1.63bn) from the listing of state-owned insurance companies, according to the national budget.

    • 02 Feb 2017
  • Banks face "capacity crunch" on margin rules, claims report

    Weaker than expected uptake of an ISDA protocol has left banks well behind schedule to meet the March 1 variation margin deadline and facing a “massive capacity crunch in February”, according to a report released on Wednesday.

    • 01 Feb 2017
  • FSB sets out CCP resolution guidelines

    The Financial Stability Board (FSB) has set out guidelines it wants authorities to follow in their frameworks used to resolve failing central counterparties (CCPs).

    • 01 Feb 2017
  • Republican law maker tells Fed to stop negotiating on global regs

    A letter from a top Republican Congressman in the US has asked that Federal Reserve Chair Janet Yellen halt participation in all international agreements aimed at setting global financial regulatory standards.

    • 01 Feb 2017
  • Natixis adds to corporate bond syndicate team

    Natixis has added another banker to its bond syndicate desk in Paris, to cover corporate bonds.

    • 01 Feb 2017
  • Akbank shows tenacity for tenor with loan launch

    Akbank has made a bullish return to the international syndicated loan market, going beyond its usual one year tenor refinancing, despite the difficulties Turkish borrowers have had recently in obtaining longer dated loans. But the deal confirms that pricing levels have changed markedly in the past six months, said bankers.

    • 01 Feb 2017
  • UniCredit hires in France, switches Asia staff

    UniCredit has made three senior appointments in Asia, including to its management in Singapore and Mumbai, as well as hiring Florence Blazy as a senior banker in France.

    • 01 Feb 2017
  • Brazil consults on covered bond legislative draft

    Following the publication of primary covered bond legislation two years ago, Brazil’s central bank this week launched a public consultation on draft secondary covered bond legislation.

    • 01 Feb 2017
  • Deutsche’s head of EM ECM departs

    After 21 years at Deutsche Bank, Christopher Laing, head of EMEA emerging markets ECM, has left the bank.

    • 01 Feb 2017
  • Natixis names new head of public sector DCM

    Shortly after naming a new head of global DCM, Natixis has expanded the role of its head of emerging market DCM to encompass SSAs, amid other changes at the bank.

    • 01 Feb 2017
  • HSBC names new equities head

    HSBC has promoted Hossein Zaimi to become global head of equities, replacing Patrick George in the role, who continues as EMEA global markets head.

    • 01 Feb 2017
  • All aboard: India sets out plans for railway IPOs

    Indian finance minister Arun Jaitley plans to continue the government’s disinvestment programme in the new financial year beginning in April, with IPOs of some state-owned railway companies on the cards.

    • 01 Feb 2017
  • Sebi tackles conflicts of stock exchange IPOs

    The Securities and Exchange Board of India has issued a circular attempting to smooth the process of cross listing of bourses, just days after the Bombay Stock Exchange sealed its IPO.

    • 01 Feb 2017
  • RMB holiday round-up: February 1, 2017

    Welcome back to those of you outside of China and Taiwan. While we were on a break, Hong Kong revealed the largest single month drop in CNH deposits, China experienced $203bn of outflows in December 2016, and Mega Bank advises against clients holding long RMB positions.

    • 01 Feb 2017
  • Citi promotes Apac TMT head to global role

    Citi’s Asia Pacific head of technology, media and telecom (TMT) for corporate and investment banking has taken on additional responsibilities as the firm’s co-head of global investment banking technology franchise.

    • 01 Feb 2017
  • ANZ names chief southeast Asia, India economist

    ANZ has appointed Sanjay Mathur as chief economist for southeast Asia and India, beginning this month.

    • 01 Feb 2017

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Feb 2017
1 JPMorgan 62,591.98 254 8.02%
2 Citi 61,005.69 220 7.81%
3 Bank of America Merrill Lynch 58,608.72 174 7.51%
4 Barclays 54,439.39 163 6.97%
5 Goldman Sachs 46,279.46 130 5.93%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 7,631.43 12 11.03%
2 Bank of America Merrill Lynch 4,575.12 14 6.62%
3 Citi 3,984.96 10 5.76%
4 Commerzbank Group 3,849.81 7 5.57%
5 HSBC 3,720.28 13 5.38%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,774.56 8 9.26%
2 Morgan Stanley 1,728.90 15 9.02%
3 JPMorgan 1,456.77 11 7.60%
4 Bank of America Merrill Lynch 1,450.69 9 7.57%
5 UBS 1,317.06 9 6.87%