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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.
15 Oct 2019 -
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.
14 Oct 2019 -
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.
14 Oct 2019 -
Sebi unveils new guidelines for depository receipts
India’s securities regulator has published a detailed framework for the issuance of depository receipts (DRs), potentially giving the country's companies greater access to foreign capital.
11 Oct 2019 -
LSE brands its motley herd green
What do cardboard boxes, plastic pipes and genetically improved pigs have in common?
11 Oct 2019 -
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.
10 Oct 2019 -
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.
10 Oct 2019 -
People moves in brief
UBS names levfin head — Mizuho finds four high yield bankers — Fintech firm Nivaura gives role to ex-HSBC syndicator
10 Oct 2019 -
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.
08 Oct 2019 -
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.
08 Oct 2019
