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Cost cuts central to Gottstein's Credit Suisse shake-up
Credit Suisse chief executive Thomas Gottstein has brought its investment bank back together but threatens to leave it with a diminished corporate finance business, David Rothnie reports.
06 Aug 2020 -
BoE floats ‘temporary changes’ to capital buffers
The Bank of England has said it may be necessary to make ‘temporary changes’ to capital buffers in the UK, owing to concerns that the existing framework could discourage banks from lending during the coronavirus pandemic.
06 Aug 2020 -
CMB Leasing revives 10yr bonds for China FIG
CMB Financial Leasing Co returned with five year and 10 year dual-tranche bonds on Wednesday, selling the first decade bond from a Chinese FIG credit in more than a month as costs for longer-dated notes fall.
06 Aug 2020 -
CICC seals $500m bond inside fair value
A recent flurry of bonds from financial institutions did not dent appetite among investors for China International Capital Corp’s (CICC) $500m deal on Monday.
04 Aug 2020 -
Embattled HSBC to press on with restructuring
HSBC revealed a big increase in credit loss provisions in its second quarter results on Monday, as it vowed to step up the pace of its strategy shift. In the investment bank, it was a strong outing for fixed income and currencies trading, but a disappointing quarter for equities.
03 Aug 2020 -
Social bonds ‘come to the rescue’ during pandemic
Social and sustainability bonds have blossomed in Asia amid the Covid-19 pandemic, with debt bankers expecting more supply from the asset class for the rest of the year.
03 Aug 2020 -
HSBC shuffles FIG leadership
Eric Bai and Alexander Paul have been appointed to the newly created roles of global co-heads of FIG coverage at HSBC.
31 Jul 2020 -
Gottstein creates unified investment bank at Credit Suisse
Credit Suisse is bringing its disparate markets and investment banking operations into one division, it announced on Thursday, as new chief executive Thomas Gottstein draws out a fresh structure for the bank. The bank is aiming to create savings to be invested elsewhere, but did not give much detail about where cuts would be made.
30 Jul 2020 -
CSC stands alone with $500m bond
CSC Financial Co, better known as China Securities, raised $500m from the international bond market this week ─ generating an order book more than 12 times the size of the deal at its peak.
29 Jul 2020 -
CCB seals $1.2bn return to green
China Construction Bank Co sold a $1.2bn dual-tranche green deal on Tuesday, becoming the first Chinese financial institution to sell a green dollar bond this year.
29 Jul 2020
