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Ten months after its unusual regional retreat in equity capital markets and M&A, HSBC has had a good year in debt capital markets, suggesting its new strategy can work
New look corporate finance division has merged M&A and sponsor coverage
Physical infrastructure, once seen as boring and ex-growth, has become one of the hottest areas for capital markets and M&A, and that is set to accelerate in 2026
Hit by an alleged ‘fraud’ at the bankrupt US car parts maker, Wall Street’s last pure play investment bank has its sights set on European leveraged finance as it expands its alliance with SMBC
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After a reshuffle at the top of UniCredit’s investment bank following the arrival of two Société Générale veterans, the focus is resolutely on improving the return from existing clients rather than any ambitious expansion. David Rothnie writes.
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HSBC is rethinking its investment bank strategy again. With former global banking and markets head Stuart Gulliver now at the helm of the whole firm, the emphasis is on improving corporate coverage and cross-selling. But for Samir Assaf, who now runs GBM, costs will remain a challenge, as David Rothnie writes.
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Bank of America has a simple target — to be global. Its acquisition of Merrill Lynch has given it a base from which to grab growth opportunities outside its home market. And in his latest investment banking reshuffle, Tom Montag will hope he has found the structure that can make this happen. David Rothnie reports.
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A recent report from Nomura’s chief European economist, entitled ‘Europe will work’, referred to the region’s economic prospects rather than the firm’s attempts to make it into the top tier of European investment banking. But recent changes are intended to put that right, as David Rothnie writes.
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Europe’s resurgent mergers and acquisitions market is offering opportunities to boutique firms. But they do not yet enjoy the same level of penetration as in the US, and they probably have only a limited window to gain market share. Those that want to take advantage must act quickly, writes David Rothnie.
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Although it has pushed hard to promote promising talent within its investment banking franchise, UBS is finding it hard to stem the steady flow of defections. Talk of low bonuses does not help, but CEO Oswald Gruebel has made no secret of the fact he wants the bank to improve. David Rothnie writes.