People & Markets

  • Goldman slips up as JPM powers ahead

    Goldman slips up as JPM powers ahead

    JP Morgan, Citi and Goldman Sachs kicked off the third quarter results season for investment banks on Tuesday. While debt and equity underwriting revenues grew substantially at JP Morgan compared with the equivalent quarter of last year, they fell at Goldman.

  • LSE defines new green bond class, consults on transition bonds

    LSE defines new green bond class, consults on transition bonds

    The London Stock Exchange has created a new class of sustainability-themed debt security, through looking at the totality of an issuer’s revenue, and is also consulting on creating a segment for transition bonds. It has also designed a label for green equity issuers.

  • Promotions abound in Citi ECM reorg

    Promotions abound in Citi ECM reorg

    Citi has made significant changes to the leadership of its global equity capital markets team, promoting multiple senior bankers as part of its wider strategic effort to take market share from its Wall Street rivals, according to a source close to the bank.

  • CMU gets a makeover — EU proposes revamp and policy shift

    CMU gets a makeover — EU proposes revamp and policy shift

    A report commissioned by European Union member states suggests rebranding the Capital Markets Union (CMU) a “Savings and Sustainable Investment Union”. Specific proposals include all large sovereign borrowers issuing green bonds, facilitating IPO access for smaller companies, and a group of select countries readying to harmonise insolvency rules.

  • CMU is dead, long live the CMU

    CMU is dead, long live the CMU

    The branding may be on the way out, but there are plenty of reasons to be encouraged about the potential for real progress in the next phase of the Capital Markets Union.

  • People moves in brief

    People moves in brief

    UBS names levfin head — Mizuho finds four high yield bankers — Fintech firm Nivaura gives role to ex-HSBC syndicator

  • Serra: bank equities insulated from ECB APP bubble

    Serra: bank equities insulated from ECB APP bubble

    Davide Serra, founder and chief executive of Algebris Investments, presented a bullish case for financials on Tuesday, on the basis that their equity prices have been less manipulated by central bank asset purchase programmes than institutions in other sectors. But he thought that the European Central Bank (ECB) will end up buying banks’ senior unsecured bonds.

  • Chinese regulator pushes better Star Market research

    Chinese regulator pushes better Star Market research

    The Securities Association of China (SAC) has told onshore securities houses to improve the quality of their research reports on Star Market companies. The move may help securities houses better price IPOs on the bourse, said bankers.

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