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GC Asia
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Credit Suisse-UBS merger would make investment banking sense
If UBS’s reported exploration of a merger with Credit Suisse actually leads to a tie-up at some point, it would create a formidable European investment bank.
17 Sep 2020 -
People moves in brief — September 17, 2020
García and Gutman given new roles at Goldman — Mizuho hires in convertible bonds — Smida and Coudray handed coverage leadership at Natixis
17 Sep 2020 -
RBC looks for another lift after 10 year build
RBC Capital Markets’ expansion in European investment banking came in the aftermath of the global financial crisis. A decade on, the coronavirus pandemic has presented it with a very different set of challenges.
17 Sep 2020 -
Grenke’s shares plummet following Viceroy report
Bank and leasing firm Grenke has seen its share price plummet by more than half over the past two days after becoming the latest target of Viceroy Research, the activist short seller known for its campaigns against Wirecard and Steinhoff. German regulator Bafin has told GlobalCapital it is investigating the situation.
17 Sep 2020 -
Goodwill towards bank M&A has misrepresented badwill
An accounting practice called badwill is central to debates about European bank M&A — but it probably should not be, as it leads to some confusing rhetoric.
16 Sep 2020 -
Haitong hires IB vice chairman
Haitong International Securities Group has appointed David Ng as vice chairman of investment banking.
16 Sep 2020 -
UK’s hand is weak against acquisitive foreigner bidders
In just a few days, two of the UK’s largest companies have had acquisition offers made for them by North American rivals. Heading into the 11th hour of a still chaotic Brexit process amid the highest national redundancy levels since the global financial crisis will have more foreign buyers circling yet.
15 Sep 2020 -
‘We are at a historic crossroads': Sir Ronald Cohen calls for impact-weighted accounts
Sir Ronald Cohen, the venture capitalist who chairs the Global Steering Group for Impact Investment, on Tuesday called on governments to mandate companies to publish impact-weighted accounts.
15 Sep 2020 -
Insurers bounce after UK court delivers verdict on Covid-19 claims
Investors think that insurance companies will be able to deal with the cost of business interruption (BI) claims relating to Covid-19, even though the UK High Court found in favour of policyholders in a test case this week.
15 Sep 2020 -
Mizuho beefs up convertibles team
Andy Bourne and Ross Webster have arrived at Mizuho International to work on convertible bonds.
15 Sep 2020
