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  • Citi sustainability: grey heads and millennials

    Citi sustainability: grey heads and millennials

    Citigroup’s new architecture to make its banking, capital markets and advisory (BCMA) group a fitter competitor in sustainability and ESG issues emphasises two channels of communication, according to Manuel Falcó, co-head of BCMA, through the most senior rainmakers and a cadre of younger enthusiasts.

  • Lenders make less money despite Covid-19 loan boom

    Lenders make less money despite Covid-19 loan boom

    Some of the largest investment banks made 12% less revenue from lending in the first quarter, despite balance sheet expansion as they supported companies, according to research from analytics firm CRISIL Coalition.

  • Crisis Talk — with Mediobanca’s funding heads, Carlo Masini and Paolo Labbozzetta

    Crisis Talk — with Mediobanca’s funding heads, Carlo Masini and Paolo Labbozzetta

    Mediobanca frontloaded regulatory issuance and completed its funding plan before the coronavirus crisis struck. While its corporate loan book has increased, deposit inflows have also improved which means the bank is in no hurry to return to the public market according to head of group treasury, Carlo Masini, and head of funding, Paolo Labbozzetta.

  • Deutsche Bank: green laggard… or leader?

    Deutsche Bank: green laggard… or leader?

    Deutsche Bank has become the latest big bank to announce a new sustainable finance target, with an eye-catching commitment to €200bn of financing between now and 2025 — but its policy highlights the difficulty for investors of comparing banks and deciding which are greener.

  • EBA warns of bad loan build-up amid coronavirus

    EBA warns of bad loan build-up amid coronavirus

    The European Banking Authority warned this week that lenders could struggle with asset quality problems for years as a result of Covid-19, publishing the findings in its first sensitivity analysis of the EU banking sector.

  • BoE updates IFRS 9 guidance as UK extends payment holidays

    BoE updates IFRS 9 guidance as UK extends payment holidays

    The Bank of England has reminded UK lenders to apply ‘sound risk management practices’ in the capital treatment of their mortgages amid Covid-19, after the Financial Conduct Authority extended its payment holiday scheme by another three months.

  • Rabo confirms appetite for ECB funding, IFRS 9 relief

    Rabo confirms appetite for ECB funding, IFRS 9 relief

    Rabobank said on Wednesday that it would take advantage of various EU schemes of funding and capital support, as it provided the market with an ad hoc update on its financial position during the coronavirus pandemic.

  • Banks going green: if you’re going to lead, lead

    Banks going green: if you’re going to lead, lead

    Banks want to position themselves as ahead of the curve on sustainability. They are among the most sophisticated, well resourced, IT-savvy organisations in the world. Why can't they work out the carbon footprints of their portfolios?

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