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  • Bond underwriting outweighs IPO slump at Morgan Stanley

    Bond underwriting outweighs IPO slump at Morgan Stanley

    Morgan Stanley posted fee growth in underwriting and advisory in its third quarter results on Thursday, leaving Goldman Sachs the outlier among the five big US banks in seeing revenues fall in investment banking.

  • Solomon still planning a culture change at Goldman

    Solomon still planning a culture change at Goldman

    A year on from being appointed chief executive, David Solomon is calling for patience in remodelling Goldman Sachs around new growth avenues. But there is much to admire on his first anniversary, writes David Rothnie.

  • CMU gets a makeover — EU proposes revamp and policy shift

    CMU gets a makeover — EU proposes revamp and policy shift

    A report commissioned by European Union member states suggests rebranding the Capital Markets Union (CMU) a “Savings and Sustainable Investment Union”. Specific proposals include all large sovereign borrowers issuing green bonds, facilitating IPO access for smaller companies, and a group of select countries readying to harmonise insolvency rules.

  • CMU is dead, long live the CMU

    CMU is dead, long live the CMU

    The branding may be on the way out, but there are plenty of reasons to be encouraged about the potential for real progress in the next phase of the Capital Markets Union.

  • Serra: bank equities insulated from ECB APP bubble

    Serra: bank equities insulated from ECB APP bubble

    Davide Serra, founder and chief executive of Algebris Investments, presented a bullish case for financials on Tuesday, on the basis that their equity prices have been less manipulated by central bank asset purchase programmes than institutions in other sectors. But he thought that the European Central Bank (ECB) will end up buying banks’ senior unsecured bonds.

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