Banks

Pressure to increase returns is driving international expansion as Japanese banks position for growth and hopes rise of more M&A activity from their domestic clients

◆ Regulator starts collecting data on hedging and accounting of capital instruments ◆ Is AT1 debt or equity? ◆ BNP Paribas’s reclassification of future dollar AT1 provides an example

Former global head of CIB will take on the new role

Equity capital markets was a bright spot in a difficult second quarter for Barclays

Any further UK government sell-downs are likely to be on ice following Alison Rose’s resignation as CEO, although the dribble-out of equity will continue

Christian Aid dumping Barclays for fossil fuel finance highlights bank’s unclear progress

Finnish agency finds demand for short dated deal despite dwindling pool of investors

Issuer hopes to refresh its euro presence with a potential green bond

Ricardo Fernandez joins after six years at US bank

◆ Domestic demand supports sale ◆ Public bail-in debut lands in line with peers ◆ Follow-on deals unlikely as blackouts and holidays suppress the pipeline

Deal brings this year’s Kangaroo issuance to over A$25bn

Benchmark deal flow to resume as early as the week of August 14