Banks

AviChina Industry & Technology Company is seeking the greenlight for an H-share placement of up to HK$1.37bn ($175m), partly in a bid to broaden the shareholder base of the company.

Goldman Sachs International conducted business with Lars Windhorst, the colourful German financier, despite warnings from its compliance department that he was a high risk counterparty.

Credit Suisse used part of an investor day on Wednesday to offer a staunch defence of its leveraged finance business, which forms a larger part of its investment banking and markets business than at its major competitors, but which has seen increasing regulatory scrutiny this year.

The CEEMEA bond market has been shaken up in 2018. With some of the major issuers out of action, the Middle East has come into its own and heading the charge is Standard Chartered, which enjoyed a breakout year in the region.

Credit Suisse is giving money back to shareholders in a sign that a three year restructuring, which has featured two rights issues, is now firmly in its rearview mirror. But as the bank has cleaned up its act and refocused on what it does best, the argument that all of its businesses should live under one roof looks increasingly strained.

HSBC’s head of global markets Thibaut de Roux left the bank in September, following an accusation of inappropriate conduct from a junior female employee, according to reports from Bloomberg.

Danish logistics company Maersk gave investors something other than political and economic matters to consider this week when it announced a tender offer for its shortest dated euro bonds on Monday. If the current poor tone in the bond markets continues into 2019, this type of exercise could become more prevalent, writes Nigel Owen.

UBS has hired former Deutsche Bank innovation head Elly Hardwick as chief digital officer, and rehired Rick Carey as chief technology officer, part of a broader revamp of the firm’s technology team.

Macquarie Group has appointed Paul Plewman regional chief executive for EMEA, replacing David Fass.

Spain’s Aena has signed an €800m sustainability-linked revolving credit facility, which the arrangers claim is the world’s first deal of its kind for an airport operator.

Record numbers of speculative grade bonds have exceeded the limits of the European Central Bank's leveraged lending guidelines, research from SEB showed this week.

Shanghai Junshi Biosciences kicked off bookbuilding this week for a potential HK$3.24bn ($414.4m) IPO and by Thursday had the float covered across the price range, according to a banker on the deal.