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Managing director joined in Paris last week
A junior banker respects their MD, but cannot live with his disorganisation. Can things ever improve?
This year’s expected surge in IPOs and M&A deals should drive a proliferation of strategic equity derivative transactions, with $2bn of fees up for grabs
This week a managing director deals with the awkwardness of their boss finding out they had been in contention for a job at another firm
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  • Saudi Arabian banks Alawwal Bank and Saudi British Bank have completed their merger. The deal is yet another bank tie-up taking place in the Gulf, as lenders strive to stay competitive. Royal Bank of Scotland, which held a stake in Alawwal, has received capital relief from the transaction.
  • A group of US senators have proposed a bill that threatens to block the IPOs of many Chinese companies in the country, and cause the delistings of mainland stocks from US exchanges.
  • The Shanghai Stock Exchange (SSE) has introduced rules for daily trading limits, limit order price ranges and treatment of ‘abnormal fluctuations’ for the Star Market, its new technology innovation board that is in its final preparation stage.
  • Terranova finds new ground at BNPP — BBVA appoints equity head from Commerz — Czornik joins JPM for German M&A
  • After establishing itself as a top three player in European investment banking, Citi is now making an ambitious push for the summit in its home market, writes David Rothnie.
  • BBVA’s corporate and investment bank has appointed Roberto Vila as global head of equity. The new hire comes from Commerzbank’s equity markets and commodities (EMC) unit, which is in the process of being transferred to Société Générale.