Coronavirus
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While some suggest the pandemic led to improvements for women in the industry, others claim it has forced a backward step
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Two US banks have removed any semblance of doubt around working from home. But will the rest of the community follow?
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Central bank changes in Mexico also ‘unhelpful’ for supply
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The global pandemic has forced those working in finance to re-evaluate how they do their jobs — whether it be working more from home and not travelling as much on aeroplanes or helping to foster more diverse and ESG-conscious workplaces. Some banks have also seen the crisis as an agent of change, to accelerate growth plans or implement new strategies. Eighteen months on from the beginning of the crisis, GlobalCapital looks at how successful they’ve been and whether they can make it stick.
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The office is back, but not as we knew it
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Overview — Covid and the capital markets: Why business travel will not return to pre-pandemic levelsInternational business travel is not expected to return to the capital markets on the same scale as before the pandemic, for more reasons than one
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US president Joe Biden's bipartisan infrastructure bill is good news for the muni bond market, but renewable energy financiers want more
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The funding team of the European Stability Mechanism has launched its first physical roadshow to meet investors in person for 18 months, making the supranational agency one of the first, if not the first, to officially revive the concept since the Covid-19 crisis began.
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Wells Fargo has informed staff in the US that it is delaying the reopening of its offices in the country as a result of rising Covid-19 cases.
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As capital markets bankers gradually start to spend more time back in the office, a nuanced debate is playing out over how much flexibility they can expect to enjoy with regard to remote working when pandemic restrictions are finally lifted.
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NatWest Group recorded a loss at its investment bank on Thursday, after climbing down from the dizzying heights of last year’s first quarter profits. The weaker numbers weighed on the performance of the group, but the bank still managed to breeze past market expectations.
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Kenneth Lay, chair of the International Finance Facility for Immunisation (IFFIm), is no stranger to using financial innovation to help tackle some of the world's biggest problems. He spoke to GlobalCapital about the importance of IFFIm as a vehicle to finance the global vaccine rollout in the fight against the coronavirus pandemic.
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The Basel Committee on Banking Supervision (BCBS) will need to see more evidence that its capital reforms restrict “buffer usability” and have “(pro)cyclical” impacts before it recommends any changes to the framework.
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Asia’s capital markets had a hot first quarter, with volumes soaring across both DCM and ECM. Momentum still appears strong — but market participants should brace themselves for a tough time ahead.
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Hong Kong is facing the possibility of a fifth Covid-19 wave in the city, with the latest virus bubble infiltrating the financial industry.
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One big crisis should be enough for anyone's career. But Sir Robert Stheeman, chief executive of the UK's Debt Management Office, has had to face two monumental financial catastrophes in the last 13 years — first the 2008 UK banking crisis and then last year's pandemic.
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The Restaurant Group, the owner of numerous UK dining brands including Wagamama and Frankie & Benny’s, launched a £175m equity raising on Wednesday to see it through to the end of the UK’s Covid-19 lockdown.
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The World Bank and the United Nations Children’s Fund (Unicef) have partnered up for a new privately placed deal to front-load funding to the agency — the first time the World Bank has partnered with a UN agency in this way.
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Pablo de Ramón-Laca is director general of the treasury and financial policy at Spain's Ministry of Economic Affairs and Digital Transformation. That places him in charge of the world's ninth largest sovereign debt stock, according to S&P data, for a country pummelled by the Covid-19 pandemic. Spain has the second highest number of cases in the EU and the seventh highest in the world. But even that is not the full story of the pandemic's impact.
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The thinking that the additional tier one (AT1) market should go back to trading through its pre-pandemic valuations holds big risks.
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Two factors bear outsized influence on capital markets — Covid-19 and central bank stimulus. But the temptation to see these powerful forces culminating in one of two extreme outcomes — another crash as a feeble economy flounders, or a boom like the 1920s US — must be resisted.
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The Asian Development Bank brought a pair of new themed bonds to the market this week, printing its first gender bond in Kazakhstani tenge as well as its first education bond.
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Bank bond spreads widened on the back of negative sentiment this week, but a handful of lenders were still able to take advantage of a constructive backdrop in the new issue market.
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JD Sports, the UK sporting equipment retailer, is looking at the possibility of raising equity capital to help it through the next few months of Covid-19 lockdowns and to take advantage of investment opportunities in the future.
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The response of people to the coronavirus has been nothing short of inspiring. Not least bankers' creative solutions to carry on drinking. Taipan considers the best —and worst — options.
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Credit Suisse gave investors a rare chance to pick up both fixed and floating rate senior bonds on Monday. The dual tranche deal was met with healthy demand, despite progressing more slowly than expected.
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Europe faces more months of Covid-19 lockdowns as the continent’s governments try to quell an increase in infections. But equity bankers are hopeful that the restrictions will not prevent them from raising equity for companies seeking to do M&A transactions.
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Equity capital markets bankers and investors are finally starting to put their feet up at the end of a historic but tumultuous year. Issuance has been at the forefront of the economic response to the coronavirus after being shuttered by the initial pandemic sell-off with innovation and perseverance ensuring that companies had the funds to survive. In order to mark the end of 2020, GlobalCapital looks back on some of the most noteworthy events and deals.
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European stock markets fell heavily in early trading on Monday morning after European countries shut their borders to the UK over a new mutant variant of the coronavirus, which is rapidly spreading through the country. With the UK also heading rapidly towards a no-deal Brexit in January there is little Christmas cheer among equity investors.
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Bank capital has gone back under the microscope during the coronavirus pandemic, with policymakers asking themselves whether the Basel III rules can work as intended. Tyler Davies reports.
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Hungary has no plans to issue wholesale bonds in foreign currency markets next year, having raised more debt than expected in euros and yen in 2020.
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The Finnish financial sector wants to put the brakes on new measures aimed at completing the Banking Union, arguing that EU member states should move back into a clearly defined process of risk reduction.
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Asia-based Impact Investment Exchange (IIX) has raised $27.7m from a women's livelihood bond that was linked to the Covid-19 pandemic. Its chief executive and founder explains the deal’s rationale to GlobalCapital Asia.
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In the final instalment of GlobalCapital Asia’s awards announcements, we reveal the best Asian investment bank and the best investment bank in the region for 2020, as well as the bank that stands out for its response to the Covid pandemic.
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China’s Xiaopeng Motors, an electric vehicle (EV) maker, leveraged on a big boost in interest in new energy stocks from investors to raise $2.16bn from a follow-on offering of its American Depositary Shares. Jonathan Breen reports.
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Société Générale took advantage of superlative conditions in the US dollar market at the start of the week, raising $2bn of funding with a tightly priced deal in non-preferred senior format.