People & Markets - All Articles

  • GBP considers guidance on Enel-style bonds

    The Green Bond Principles organisation has gone public with its plans to set up a working group on sustainability-linked bonds. It will be charged with working out whether the GBP should issue guidance on the new structure — a move that would ensure the GBP remains relevant as the sustainable finance market changes.

    • 23 Jan 2020
  • JP Morgan development unit raises questions

    Seen with cynical eyes, the launch of JP Morgan’s Development Finance Institution (DFI) is simply an attempt to expand its emerging markets footprint — already the largest in the business — by capitalising on two trends: the wave of cash fleeing low yields for EM, and the unassailable momentum of the socially responsible investment movement.

    • 23 Jan 2020
  • JP Morgan barges into development finance, aiming to do $100bn a year

    JP Morgan has created a Development Finance Institution (DFI), which will see its investment bank originate and distribute assets scored on their developmental impact. But specialists have questioned the bank’s ambitions and raised concerns about how this unit will operate.

    • 23 Jan 2020
  • Corp finance chief Wallace to leave HSBC

    HSBC is looking for a new head of corporate finance coverage to replace Matthew Wallace, who is quitting the firm. Meanwhile, Simon Derrick and Michael Ellam have been handed new jobs as the bank reorganises the way it covers investors and public sector institutions. In Asia Pacific, Rami Hayek is leaving his post.

    • 23 Jan 2020
  • Barclays puts senior MTN banker at risk

    Barclays put a senior medium term note banker at risk of redundancy on Friday. The bank will hand the reins of its MTN business to a more junior banker in its Paris office.

    • 21 Jan 2020
  • HK hit with another downgrade as Moody’s slashes rating

    Hong Kong got a blow from Moody’s on Monday after the agency downgraded the special administrative region’s rating to Aa3 from Aa2, largely because of the lack of an effective response from the government to months of volatility. Rashmi Kumar reports.

    • 21 Jan 2020
  • Commerzbank exits Netherlands primary dealership role

    GlobalCapital understands that Commerzbank has ended its primary dealership with the Netherlands, where it was a market maker for Dutch bills.

    • 20 Jan 2020
  • Alvarez & Marsal expands into debt advisory

    Tim Metzgen is leading a new European debt advisory franchise at Alvarez & Marsal.

    • 20 Jan 2020
  • BIS: climate may strip central banks of power

    A research paper published on Monday by the Bank for International Settlements sets out how grave the peril of climate change is. It asserts the necessity of central banks grasping this problem as central to their responsibilities — but also admits that they will be unable to “preserve financial stability in the age of climate change”.

    • 20 Jan 2020
  • Goldman’s Weber joins new firm in Middle East

    Martin Weber, a former managing director at Goldman Sachs, has joined a boutique emerging markets-focused investment bank in Dubai.

    • 16 Jan 2020
  • Morgan Stanley and compatriots raise the FICC bar

    Morgan Stanley more than doubled its revenue from fixed income sales and trading in the fourth quarter of last year, completing a stellar set of earnings for US banks in that business after a year in which they appear to have cemented their dominance in Europe.

    • 16 Jan 2020
  • Laying it on FICC: trading helps Goldman and Bank of America

    Fixed income, currencies and commodities trading (FICC) has been the clear area of strength in US bank results so far when compared with the fourth quarter of 2018, particularly in rates and mortgages. Underwriting fees have also come in high, but advisory earnings have suffered.

    • 15 Jan 2020
  • Underwriting, fixed income revenues grow at JPM and Citi

    JP Morgan, Citi and Wells Fargo kicked off the fourth quarter earnings season for investment banks on Tuesday, showing momentum in underwriting revenues and fixed income trading, while advisory fees and equities trading stumbled.

    • 14 Jan 2020
  • China government debt set to hit new high after record 2019

    China’s government debt last year grew at its fastest pace annually since 2009, while central and local government borrowing shows no signs of slowing.

    • 14 Jan 2020
  • People moves in brief

    Funding Circle picks up former securitization syndicator — Campbell moves from HSBC to RBC — Long-time DCM banker turns up at Aramco

    • 09 Jan 2020
  • Record debt pile leaves emerging markets ‘vulnerable’ to shock

    Emerging market borrowers’ growing appetite for capital market debt has increased the risks of a shock triggering a financial crisis, the World Bank has warned.

    • 09 Jan 2020
  • Laos lands international rating as Moody’s tags it B3

    Lao People's Democratic Republic has taken a step towards selling a public dollar bond in the international market, after gaining its first local and foreign currency issuer ratings from Moody’s on Wednesday.

    • 09 Jan 2020
  • KommuneKredit hires treasury manager for funding and derivatives

    KommuneKredit has recruited a senior treasury manager to focus on the Danish agency’s funding and derivatives business.

    • 07 Jan 2020
  • FICC boss leaves Citadel Securities

    Brian Oliver, head of EMEA and APAC FICC distribution at Citadel Securities, has left the market making firm and begun gardening leave.

    • 06 Jan 2020
  • Crédit Agricole’s Loynes takes up new syndicate role

    Damien Loynes has been appointed head of syndicate for Europe, the Middle East and Africa at Crédit Agricole.

    • 03 Jan 2020