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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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  • The Financial Conduct Authority’s review into “best execution” founds that most firms are not doing enough to meet the regulator’s standards. It also highlights continued payment for order flow at some firms, which contravenes its guidelines.
  • Craig Coben and Mary Ann Deignan have been appointed co-heads of Bank of America Merrill Lynch’s equity capital markets business globally.
  • Chris Roberts has returned to JP Morgan’s London office from San Francisco to head the bank’s EMEA equity capital markets execution team.
  • Barclays has roundly rejected the New York attorney general’s complaint about its dark pool, saying that it is based on “clear and substantial factual errors” and that the very documents that the suit is based on “along with the complaint’s other fatal flaws” should get it thrown out.
  • Thailand has finally given the green light for foreign companies to list on the country’s stock exchange, the first time it has opened the doors of its market to outsiders. The move is a step in the right direction, say bankers, but they think any uptick in new issuance is likely to be negligible, writes Rashmi Kumar.
  • Nomura has made high level changes to its Asia ECM syndicate team, moving head of Asia ex-Japan equity syndicate Seamus Hanly to London, according to an internal memo seen by GlobalCapital Asia.