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Public pension schemes have sold shares in coal, oil and gas companies but are still funding expansion of the gas industry through infrastructure funds
Bank M&A is back on the agenda, but talk of SMBC buying Jefferies is premature. The two firms are prioritising their multi-stranded alliance and a takeover now would jeopardise it
I don’t need to work, but I’m tempted to go back
Corporate broking relationships endure for decades and build deep roots between both individuals and institutions, enabling banks to win outsized revenues from clients they serve. No wonder that a new crop of banks are expanding their ambitions
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  • After hitting rock bottom in the wake of the financial crisis, Citi has re-drawn the map in European coverage as the three year revamp of its corporate finance business starts to bear fruit, writes David Rothnie.
  • I walked through the door the other night and amid the usual hallway detritus — discarded shoes, takeaway pizza flyers, buff envelopes from HMRC, sacks of cash and cocaine, broken umbrellas and squatters — I found a charity appeal inviting me to "Join Our Salute To The Fallen".
  • Gerbaulet leaves Commerz
  • Robert Hagon has joined Sberbank as managing director and co-head of equity sales trading. He will work alongside fellow co-head James Bevan.
  • CCB has made no secret of its desire to be the best wholesale bank in Europe, writes David Rothnie. But its chairman’s empire-building hopes are being over-stated.
  • You may remember Bidaway Flynn, my somewhat over-qualified sidekick who recently secured the third part of the CFA. At 8.02am on Wednesday, he stood up and announced he was going downstairs to shower.