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Bank strives for ‘complete global offering’ in M&A and ECM but market conditions hang in the balance
Broaching the delicate subject with your boss of being asked to keep too many plates spinning
‘New kid on the block’ disrupts established order with lead role on Schroders takeover
Olivier Caseris takes over from Joëlle Assouad
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Credit Suisse took a $294m hit from marking leveraged finance underwriting exposure to market in the first quarter, its results on Thursday showed, as March’s volatility and jump in credit spreads took their toll.
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Jana Hecker, most recently at Deutsche Bank, has been appointed global head of equity capital markets at UniCredit, alongside other personnel changes in the Italian bank’s ECM business.
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India’s financial regulator has made a one-time relaxation of rules governing IPOs and rights issues in response to the coronavirus outbreak, which continues to keep the country’s population at home.
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With its more relaxed rules around pre-emption rights, the UK has led from the front by allowing embattled companies to raise equity to keep themselves alive during the coronavirus pandemic. The market's flexibility means there have been no damaging delays waiting for for formal rule changes. Such pragmatism is admirable, although more must be done to protect retail investors from dilution.
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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.
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Citi has named Alex Cartel as a managing director and head of investment banking for Australia and New Zealand, hiring him from Deutsche Bank.