Bank chiefs don’t like it, but ringfencing is a ‘done deal’

Chief executives of the UK’s largest banks this week accepted that the separation of banks’ retail operations from their investment banking entities was a "done deal", although some warned that the move would pass extra costs on to consumers.

  • 14 Oct 2011

Answering questions from the House of Lords Economic Affairs Committee, Stephen Hester, chief executive of Royal Bank of Scotland, said that ringfencing measures proposed in the Independent Commission on Banking’s Vickers report carried "significant additional costs [that] will not be balanced by their benefits".

He added that the policy ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 12,539.55 69 5.33%
2 UniCredit 11,957.19 82 5.08%
3 UBS 10,837.07 59 4.61%
4 LBBW 10,773.61 70 4.58%
5 Natixis 10,629.41 59 4.52%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Nov 2018
1 JPMorgan 77,923.41 335 6.03%
2 Citi 77,045.03 396 5.96%
3 Bank of America Merrill Lynch 76,247.85 304 5.90%
4 Goldman Sachs 70,384.86 599 5.45%
5 Morgan Stanley 66,629.43 376 5.16%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 64,153.09 237 10.48%
2 Bank of America Merrill Lynch 64,053.06 256 10.47%
3 Citi 60,258.63 298 9.85%
4 Goldman Sachs 53,704.18 534 8.78%
5 Morgan Stanley 51,720.52 293 8.45%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 7,713.92 29 6.88%
2 Deutsche Bank 6,252.08 21 5.57%
3 Credit Agricole CIB 6,198.22 24 5.53%
4 LBBW 6,082.16 26 5.42%
5 UniCredit 6,041.97 24 5.39%

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 HSBC 7,584.11 21 12.72%
2 Barclays 4,776.16 18 8.01%
3 Credit Suisse 4,518.72 16 7.58%
4 BNP Paribas 4,247.72 20 7.12%
5 UBS 3,877.49 18 6.50%