GC Asia
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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.
16 Jan 2020 -
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.
16 Jan 2020 -
BCS Global Markets builds up investment banking with senior hire
Russian brokerage BCS Global Markets has appointed a senior banker from HSBC as head of capital markets and investment banking.
15 Jan 2020 -
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.
15 Jan 2020 -
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.
15 Jan 2020 -
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.
14 Jan 2020 -
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.
14 Jan 2020 -
HK regulator lifts UBS’s IPO sponsor suspension early
UBS can sponsor Hong Kong IPOs again, the city’s financial regulator announced on Tuesday after lifting a ban imposed on the bank in March last year.
14 Jan 2020 -
UK dual class rule review 'makes sense'
The UK government should consider consulting on changes to the country’s listing rules after Brexit to attract more high growth companies to the London Stock Exchange, including allowing dual class share structures on the premium segment, according to Claire Keast-Butler, a partner at Cooley in London
13 Jan 2020 -
Goldman creates sustainability council
Goldman Sachs is forming a Sustainable Solutions Council for its investment banking division, with four members for the Europe, Middle East and Africa region.
13 Jan 2020
