People & Markets - All Articles

  • BNP Paribas revamps at home to crack M&A conundrum

    BNP Paribas has shaken up its advisory business to address underperformance in its home market, but this must be more than a quick fix to restore national pride, writes David Rothnie.

    • 29 Oct 2020
  • ECM fees triple at Credit Suisse

    Fee growth from Credit Suisse's equity capital markets business supported its newly established investment bank, its third quarter results on Thursday showed.

    • 29 Oct 2020
  • Deutsche's investment bank makes almost €1bn, again

    Deutsche Bank's fixed income and currency bankers continued a strong run in the third quarter, the firm's results on Wednesday showed. Profit before tax at the investment bank has now been enough to cover losses from the capital release unit for two consecutive quarters.

    • 28 Oct 2020
  • JP Morgan appoints new Apac ECM head

    JP Morgan has rejigged the leadership of its Asia Pacific capital markets businesses, promoting Francesco Lavatelli to the helm of the ECM team.

    • 28 Oct 2020
  • Credit business shines as HSBC vows to speed up change

    HSBC's credit and equities business lines were the standout performers in the global banking and markets division (GBM) in the third quarter, the bank's results showed on Tuesday. Meanwhile, group chief executive Noel Quinn said the firm was adapting its business model to chronic low interest rates.

    • 27 Oct 2020
  • BCS hires former Sberbank tech officer to lead IB operations

    BCS Global Markets, the investment services division of Russia’s largest independent broker, has hired Vadim Kotov as the new chief operations officer for its investment banking business.

    • 26 Oct 2020
  • Covid-19 equity raises could be subject of litigation

    Companies raising equity in the UK this year — amid a very uncertain outlook for business prospects — may risk opening themselves up to claims related to the information they disclose or do not disclose, according to lawyers at Herbert Smith Freehills.

    • 26 Oct 2020
  • PrimaryBid completes $50m private raise amid retail equity surge

    PrimaryBid, a company that provides retail investors with a means to take part in primary equity capital raises, completed a $50m Series B financing round on Monday to expand its international business.

    • 26 Oct 2020
  • Barclays boasts of share gains in markets

    Barclays enjoyed a record quarter in equities, but in its advisory and equity capital markets it lagged behind competitors, it showed in third quarter results on Friday.

    • 23 Oct 2020
  • People moves in brief

    Makinson Cowell joins Lazard — Vikas Seth moves into vice-chairman role at HSBC — Fernando Vicario picked as CEO of BofA's EU bank

    • 22 Oct 2020
  • Advisory shop moves over from KPMG to Lazard

    Makinson Cowell, a company that advises on equity capital markets and investor relations, has joined Lazard, in a move that the investment bank says strengthens its UK financial advisory business.

    • 22 Oct 2020
  • UBS IB benefits from leveraged capital markets, IP sale

    UBS's investment bank beat analyst consensus as capital markets revenue was up sharply year-on-year, while a sale of intellectual property rights resulted in a one-off gain, the bank showed in third quarter results on Tuesday.

    • 20 Oct 2020
  • HSBC financed climate laggards weeks before net zero target

    HSBC provided $1.8bn of financing to high carbon companies including Kepco, which is developing new coal plants, in just five deals in the past four months, as it prepared to announce its “net zero ambition” on October 9, an NGO has alleged.

    • 16 Oct 2020
  • Panmure Gordon hires Shields for real estate

    Philip Shields is joining Panmure Gordon's investment banking team to lead real estate.

    • 16 Oct 2020
  • ECM powers US bank gains

    The leading US investment banks raked in fees from equity origination in the third quarter, with Goldman Sachs, Morgan Stanley and Bank of America all doubling their ECM revenues year-on-year.

    • 15 Oct 2020
  • Tasty Spacs whet banks' appetites

    Despite a year of turmoil, many bankers have a spring in their step, writes David Rothnie. They are rushing to get involved in the boom in special purpose acquisition companies (Spacs).

    • 15 Oct 2020
  • M&A banker Le Milon jumps to Barclays

    Barclays has hired Gauthier Le Milon as head of M&A for France, Belgium and Luxembourg.

    • 14 Oct 2020
  • FCA warns on insider information

    Julia Hoggett, director of market oversight at the Financial Conduct Authority, said that market participants need to be careful about insider information, and that companies should be overseeing staff use of private devices at a time when many are working from home.

    • 12 Oct 2020
  • TP ICAP prepares for fixed income push with Liquidnet buy

    Interdealer broking giant TP ICAP has advanced further into buy-side revenue streams, with specific plans to target fixed income markets, as it clinched its acquisition of trading platform provider Liquidnet for an initial $575m last Friday.

    • 09 Oct 2020
  • Euronext preps equity sale to fund Borsa Italiana deal

    Euronext is preparing for a €2.4bn equity raise after it agreed a deal with London Stock Exchange Group for the Borsa Italiana.

    • 09 Oct 2020
  • 'China is a paper tiger,' says Kyle Bass, Hayman Capital Management

    Kyle Bass, made famous by shorting the US housing market in the run up to the financial crisis, has told GlobalCapital that the Chinese state is a paper tiger on the road to collapse. The Texan, who has been on a fierce campaign against the Chinese Communist Party for years now, says that US politicians are finally catching up with his position.

    • 09 Oct 2020
  • Bankers balk at London bans for suspect foreign firms

    Suggestions that the UK government is considering a consultation process to give it the power to ban foreign firms from listing on the London Stock Exchange have horrified equity capital markets bankers.

    • 07 Oct 2020
  • Bold banks to set first Science-Based Targets

    The long-awaited Science-Based Targets standard for financial institutions has arrived. It is one of the most ambitious attempts so far to wrest the financial sector from its path towards climate destruction.

    • 01 Oct 2020
  • Tannenbaum to run EMEA cap markets at BofA

    Bank of America has promoted Jeff Tannenbaum, its head of debt capital markets and leveraged finance EMEA, to head of global capital markets for the region.

    • 01 Oct 2020
  • FIG ties bind tight as bank M&A returns

    Domestic bank consolidation has returned to the top of the agenda, but for financial institutions bankers, unlocking the most lucrative relationships requires years of coverage and an ability to look beyond the quick fix of M&A, writes David Rothnie.

    • 01 Oct 2020