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  • Asian equity indices were a sea of red on Monday, wiping out the gains from last Friday following the announcements of US and European stimulus packages. Primary market deal flow is almost non-existent, but bankers continue to pitch for business.
  • JP Morgan appoints syndicate head for private markets — RBC loses M&A banker — Mizuho names sustainability head
  • Governments and central banks failed to prevent fear from taking hold of the capital markets this week, as Covid-19 reached pandemic status. European equity indices faced record falls on Thursday, before the Federal Reserve Bank of New York announced a $500bn repo operation to combat "highly unusual disruptions" in the US Treasury market. But it is far from clear if such extraordinary intervention will be enough to stop the panic.
  • JP Morgan has appointed James Mazur, a former hedge fund executive, as head of private syndicate in its EMEA equity capital markets private placements business.
  • Investec Group has cancelled the IPO of its asset management division Ninety One due to extreme market volatility, although the listing and demerger of the unit will still go ahead as planned, according to a stock exchange filing.
  • Patrick Porritt has left Credit Suisse, as the bank promotes new faces.