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BNPP is rebuilding strength in advisory in France
I thought the grass would be greener in fintech land, but it’s patchy and dreary
Years of underperformance are behind it and the bank has launched a new growth plan
Equity market bodies try to pre-empt regulator's July consultation and consolidated tape decision
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Société Générale has hired a new co-head of corporate finance and head of German mergers and acquisitions to replace Jan Caspar Hoffmann, who left last year for Moelis & Co.
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Citigroup disclosed on Thursday that it missed earnings expectations as trading revenues in its institutional clients group declined and repositioning charges along with another round of regulatory actions hit the global bank’s profits. Market share gains among institutional clients, along with low oil prices, could turn things around in 2015.
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The Swiss National Bank’s decision to abandon its euro peg on Thursday is likely to cripple earnings at Switzerland’s two international investment banks. But it could deliver an unexpected capital boost as well, changing the game as the two institutions race to meet onerous capital rules imposed in the “Swiss finish”.
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HSBC has picked Ehren Vokes as its new head of ECM southeast Asia following the departure of Matthew Song, according to sources.
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Banca Imi has hired a senior Barclays convertible bond salesman to head its equity-linked sales drive.
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Santander raised €7.5bn of equity capital in a block trade on Thursday January 8, the biggest ever outside the US, to put its core equity tier one ratio up to 10%. The deal was priced at the low end of the discount range and led to a very steep fall in Santander's share price the day after – yet won some admiration from rival banks.