People & Markets

  • Investors fight SEC curbs on ESG motions

    Investors fight SEC curbs on ESG motions

    The latest battle in the campaign to weaken corporate governance standards in the US is being fought over rule changes that would make it harder for investors to propose motions at shareholder meetings. The ‘proxy advisers’ so central to US governance also face new restrictions.

  • Morgan Stanley and compatriots raise the FICC bar

    Morgan Stanley and compatriots raise the FICC bar

    Morgan Stanley more than doubled its revenue from fixed income sales and trading in the fourth quarter of last year, completing a stellar set of earnings for US banks in that business after a year in which they appear to have cemented their dominance in Europe.

  • Palmieri shakes up corp finance at SG

    Palmieri shakes up corp finance at SG

    Société Générale has redoubled its commitment to equity capital markets under a new structure designed to ensure it remains a force in investment banking when consolidation comes, writes David Rothnie.

  • Laying it on FICC: trading helps Goldman and Bank of America

    Laying it on FICC: trading helps Goldman and Bank of America

    Fixed income, currencies and commodities trading (FICC) has been the clear area of strength in US bank results so far when compared with the fourth quarter of 2018, particularly in rates and mortgages. Underwriting fees have also come in high, but advisory earnings have suffered.

  • Hang Seng seeks feedback on WVR index inclusion

    Hang Seng seeks feedback on WVR index inclusion

    The Hang Seng Indexes Co has published a consultation paper covering the inclusion of weighted voting rights (WVR) shares and secondary-listed companies in Hong Kong’s benchmark index.

  • Underwriting, fixed income revenues grow at JPM and Citi

    Underwriting, fixed income revenues grow at JPM and Citi

    JP Morgan, Citi and Wells Fargo kicked off the fourth quarter earnings season for investment banks on Tuesday, showing momentum in underwriting revenues and fixed income trading, while advisory fees and equities trading stumbled.

  • Houlihan Lokey makes bold ECM advisory play

    Houlihan Lokey makes bold ECM advisory play

    Houlihan Lokey, the US boutique investment bank, has the ambition to become a serious player in the European ECM advisory market after hiring an MD from Rothschild.

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