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There will probably have been quieter inductions into a new job. Nathan Piper has joined Investec as an equity researcher to cover upstream oil and gas. -
Citi has named Alex Cartel as a managing director and head of investment banking for Australia and New Zealand, hiring him from Deutsche Bank.
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European capital markets have continued to function well during the coronavirus crisis, according to a report released on Monday by the Association for Financial Markets in Europe (Afme). However, in terms of primary market activity, the industry body’s data shows quite how sharply issuance has skewed towards investment grade, with riskier debt and IPO markets closed off.
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Neil Tu, a vice president on CICC’s equity syndicate team, left the Chinese investment bank this week.
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European short sellers were dealt another blow on Wednesday as the Autorité des Marchés Financiers (AMF) decided to extend its ban on short selling.
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US banks this week reported stellar returns from trading and underwriting in the first quarter, even as the bottom line was hit by gigantic writedowns and reserves for credit losses, as the economic and financial disruption from the coronavirus crisis took its toll.
