Banks
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As Elizabeth Warren’s chances of clinching the Democratic Party nomination for the 2020 US presidential election increase, so have investors' needs to hedge the volatility that a free market sceptic will bring to the country's equity markets. Société Générale believes it has a solution. -
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US and Yankee banks returned to the dollar bond market in size this week, with JP Morgan looking to break a record with its pricing of preferred shares.
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UBS lets go of ECM bankers — Bank of America’s Coben to return after Twitter investigation — Macquarie closes cash equities business in Europe and US
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Spanish banks are using strong market conditions to their advantage towards the start of November, with Banco de Sabadell completing its annual funding plans this week and UniCaja Banco getting ready to launch its debut tier two transaction.
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Australia & New Zealand Banking Group (ANZ) is getting ready to offer FIG investors a very rare chance to purchase green bank capital in euros, with the issuer set to hit the road for a new tier two in November.
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HSBC is planning to allocate capital away from lower return operations, including the global banking and markets (GBM) division in certain regions, as interim chief executive Noel Quinn revealed disappointing third quarter results on Monday.
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Dollar volumes proved higher than expected as the US investment grade market roared back to life following earnings blackouts, with a string of front-loaded deals ahead of the Fed’s meeting on Wednesday.
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KfW was the only public sector borrower to sell a new issue in the primary syndicated bond market this week, as it raised $1bn with an intra-day trade ahead of the US Federal Reserve cut rates for a third time this year.
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French shopping centre operator Carmila visited the MTN market for the first time on Monday, 18 months after it last sold a bond via syndication. Rare issuer Toyota Industries Finance International returned to private placements at the end of last week to place its second euro floating rate MTN of the year.
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A year on from the botched appointment of Andrea Orcel as CEO, Santander is pressing ahead with the next phase of its investment banking strategy, writes David Rothnie.
