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Crédit Agricole reorganises loans business amid busy hires and promotions in industry
The future of the great investment banking Gulf expansion
Some capital market staff laugh off risks, others worry about their families
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In this round-up, China’s economy shrinks for the first time since records started, exports and imports fall in March but rebound from recent lows, and the State Council will further develop the country’s capital markets. -
In this round-up, China’s ambassador to the US said the two countries have been working towards implementing the trade agreement reached in January, and the UK’s foreign secretary said hard questions need to be asked about the Covid-19 pandemic.
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Stockor Ng, a former DBS loans banker, started his new job at China Citic Bank International this week, GlobalCapital Asia understands.
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Neil Tu, a vice president on CICC’s equity syndicate team, left the Chinese investment bank this week.
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Banks and other private creditors are under pressure to follow the lead of the Group of 20 nations and suspend debt service payments by the poorest countries, as lobby groups urged world leaders to go further and cancel outstanding loans. Phil Thornton reports.
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The International Monetary Fund (IMF) is looking at redeploying assets held by advanced economies to help developing ones, its head said on Thursday. But she admitted the Fund’s shareholders had failed to agree on a deal to issue billions of new capital. Phil Thornton reports.
