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Investment banking champions are exercising the minds of European bank executives. But it isn’t size that makes champions, it’s profits.
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Reports that Barclays is preparing to appoint former senior JP Morgan investment banker James "Jes" Staley to the post of CEO should be welcomed by the bank's creditors.
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The European Commission’s plan to harmonise the covered bond market cannot minimise credit risks between different jurisdictions and prevent market fragmentation, as it hopes.
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The European Union’s history is littered with rule breaking in the name of self-interest, and now its much heralded Banking Union is under threat from the same forces.
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The European Union’s history is littered with rule breaking in the name of self-interest, and now its much heralded Banking Union is under threat from the same forces.
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There is no better illustration of human diversity than a US Federal Reserve press conference. Thousands of financial specialists, mostly with similar educations and backgrounds, listen to them at the same time.
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Investment banks, like empires, rise and fall — only rather faster. In December 1997, EuroWeek (forerunner of GlobalCapital) covered the first bond on which Royal Bank of Scotland appeared in the syndicate, as a co-manager.
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The European Central Bank's covered bond purchase programme is once again regularly taking half or more of primary issuance, with negative repercussions. It should step back.
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Banco Popolare struggled to sell €500m of three year debt on Monday as there is no longer a natural investor base for double-B rated senior product. Spreads must widen or these banks will find their long term funding options limited.
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Banco Popolare struggled to sell €500m of three year debt on Monday as there is no longer a natural investor base for the product. Spreads must widen or these banks will find their long term funding options limited.