• RBS’s McEwan heads to NAB for clean-up job

    National Australia Bank has hired Ross McEwan as its new group CEO, as the bank seeks to improve its reputation after a damning report criticised its conduct.

    • 19 Jul 2019
  • Legal ignorance chills bondholder engagement

    Bondholders are still afraid to form alliances like those in the equity market to pressure issuers to improve their environmental, social and governance performance. They are paralysed by fear of market abuse and competition rules. But there is hope regulators will reassure them.

    • 18 Jul 2019
  • People moves in brief

    A victory for nominative determinism at BNPP — Värde Partners names new co-CEO — Credit Suisse hires Goldman banker for Saudi effort.

    • 18 Jul 2019
  • What a QT! BofE lays out plans

    Andrew Hauser, executive director, markets, at the Bank of England, outlined on Wednesday how his institution would slim down its balance sheet when the time came to do so. He said that this would likely involve selling assets rather than simply letting them run off, but explained that the bank would work in collaboration with the debt management office on this.

    • 18 Jul 2019
  • BNP Paribas: the name's Bond, for FIG bonds

    BNP Paribas has promoted Christopher Bond to head up its FIG debt capital markets business in Europe, the Middle East and Africa.

    • 18 Jul 2019
  • US bank chiefs upbeat on deal flow after poor Q2

    Leaders of the big US investment banks were cautiously optimistic about upcoming investment banking activity, despite a poor second quarter across their capital markets divisions.

    • 18 Jul 2019
  • Créd Ag sticks to its strength and shuns grand pretensions

    Crédit Agricole’s corporate and investment bank (CA–CIB) aims to be realistic in how offers value to clients and its parent company. It’s looking to achieve growth without overreaching in unprofitable or less strategic areas, writes David Rothnie.

    • 18 Jul 2019
  • Värde’s Carstairs goes upstairs as CEO

    Ilfryn Carstairs, global chief investment officer at alternative investor Värde Partners, will become co-CEO from next year, while keeping his co-CIO title.

    • 18 Jul 2019
  • Bulky business, bulky risk in annuity insurance

    The UK’s bulk annuity insurers have enjoyed exceptionally strong sales, and are now coming into the market for debt capital. But bond investors should be aware of the risks inherent in the business.

    • 16 Jul 2019
  • NatWest Markets launches ESG deposits

    NatWest Markets, the investment bank owned by Royal Bank of Scotland, has launched its own environmental, social and governance deposit product, responding to a desire among companies, public bodies and investment firms to invest their cash ethically.

    • 16 Jul 2019
  • Tobam sets carbon limit for credit, HY portfolios

    Tobam, the French asset manager, is ensuring its fixed income portfolios have carbon footprints at least 20% smaller than those of their reference benchmarks, extending a policy already in place for equity portfolios. It is focusing on the carbon footprint of issuers, rather than individual issues, meaning that it would ignore the specific environmental qualities of a green bond.

    • 15 Jul 2019
  • SMBC Nikko snaps up DB vet for syndicate

    SMBC Nikko has added a former Deutsche Bank FIG banker to its London bond syndicate operation, GlobalCapital understands.

    • 12 Jul 2019
  • Risk-weight fiddling won't save planet

    The pace of growth in green mortgage financing is improving, but it is still woefully inadequate, particularly with respect to covered bonds where there are no price advantages. Fiddling with mortgage risk weights while the world burns will not change behaviour quickly enough.

    • 11 Jul 2019
  • Deutsche’s decline may cause a German rethink

    Could Deutsche Bank’s relegation from the top table of investment banks puncture Germany’s positive impression of its banking system, leading to a breakthrough in Europe's banking union?

    • 11 Jul 2019
  • Deutsche hopes to leave the sick bay after equities cull

    Everyone had been expecting another strategy overhaul from Deutsche Bank, but no-one expected the depth of the cuts to be so brutal. The bank is to end much of its equities business and refocus on corporate banking, and shed nearly 20,000 jobs. But observers are wary about the bank’s ability to restructure without inflicting more pain than it has forecast.

    • 11 Jul 2019
  • People moves in brief

    ING’s Boekhout to head Commerz corporate biz — ICBC loan syndication head resigns — Ex-Barclays’ Wright joins S&P

    • 11 Jul 2019
  • Can corp fin survive the Deutsche equities rout?

    Deutsche Bank’s strategic overhaul looks set to maintain the bank’s leading position in debt capital markets and leveraged finance. But it casts doubts over Deutsche’s ability to retain a top tier corporate finance franchise and could signal the slow death of its equity capital markets franchise, writes David Rothnie.

    • 11 Jul 2019
  • ING’s Boekhout to replace Reuther at Commerzbank

    Commerzbank has decided to replace its retiring corporate clients head with Roland Boekhout, who works for ING — a bank that had been rumoured to be interested in buying the German firm.

    • 11 Jul 2019
  • AT1 investors reveal doubts about Deutsche Bank restructuring plans

    Prices on Deutsche Bank’s additional tier ones (AT1s) plummeted after the German lender announced a radical overhaul of its investment banking business this week, with bank capital investors still doubting the issuer’s ability to pay coupons on the instruments in the longer term.

    • 10 Jul 2019
  • FIG bankers set up financial education firm

    Christopher White, global head of banks at Lloyds Banking Group, and Robert Ellison, his predecessor in that role, have founded Finance Unlocked, an online training company.

    • 09 Jul 2019
  • Barclays FIG syndicate banker Wright resurfaces at S&P

    Barclays’ ex-head of EMEA FIG syndicate John Wright has started a new job at Standard & Poor as financial institutions credit analyst.

    • 09 Jul 2019
  • Deutsche cuts hard but looks out for equity and AT1 investors

    Deutsche Bank's far-reaching restructuring plan to pull out of equity sales and trading and streamline the investment bank elsewhere involves a tie-up with BNP Paribas for parts of its business. The troubled German lender also signalled the advantage of a recent rule change to additional tier one coupon payments in allowing it to proceed with the changes.

    • 08 Jul 2019
  • LBBW SSA banker moves over to FIG

    A banker at LBBW has left its SSA origination and syndicate team to join its FIG debt syndicate, GlobalCapital understands.

    • 08 Jul 2019
  • UK Green Strategy has everything but a finance plan

    The UK government launched its Green Finance Strategy this week, including a broad range of measures to stimulate awareness of climate change and other environmental problems in financial markets, and ease the flow of capital to green projects. But observers criticised the government for not setting out a plan on how to finance the transition to a zero emissions economy.

    • 04 Jul 2019
  • Commerz names new heads in DCM reorg

    Commerzbank has appointed a head of public sector origination and syndication, and a head of international banks, as part of a reorganisation of its debt capital markets business, GlobalCapital understands.

    • 03 Jul 2019
  • Ademakinwa rejoins DB as FIG syndicate vet departs

    Ade Ademakinwa will rejoin Deutsche Bank as head of its European financial institutions syndicate desk, just as a senior and longstanding member of that team departs.

    • 03 Jul 2019
  • Handelsbanken hires new Finnish head of DCM

    Handelsbanken has appointed Juha Mustonen as its new head of debt capital markets for Finland. He will work with Finnish loan and bond clients.

    • 03 Jul 2019
  • EBA: Europe's banks face €135bn capital shortfall after Basel IV

    The European Banking Authority (EBA) has said that Basel III rules could have a severe impact on capital ratios in the European banking sector, creating a capital shortfall of up to €135bn across the industry.

    • 02 Jul 2019
  • UK’s new Green Finance Institute to ask the hard questions

    The UK’s Green Finance Institute was launched on Tuesday, with the dual aims of finding solutions to sustainable financing problems and making London the leading global centre for green finance.

    • 02 Jul 2019
  • Santander opts for dual tranche structure on UK SME synthetic

    Santander has closed York 2019-1, a synthetic securitization of loans granted to SMEs and self-employed borrowers, selling not only the junior risk but a BB-rated mezz tranche — an increasingly common approach driven by regulatory changes which kicked in this year.

    • 01 Jul 2019
  • Nomura credit syndicate head departs

    Nomura’s head of EMEA credit debt syndicate has left the bank, as has its EMEA head of credit structuring.

    • 01 Jul 2019

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 10,283.03 88 6.01%
2 HSBC 9,924.14 51 5.80%
3 LBBW 8,393.04 48 4.91%
4 Natixis 7,239.94 37 4.23%
5 UBS 7,025.55 38 4.11%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 55,206.99 242 6.06%
2 JPMorgan 52,753.76 271 5.79%
3 Citi 52,120.64 279 5.72%
4 Morgan Stanley 41,067.38 223 4.51%
5 HSBC 36,375.06 225 3.99%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 45,511.73 199 11.58%
2 JPMorgan 42,181.52 207 10.73%
3 Citi 40,920.97 214 10.41%
4 Morgan Stanley 30,577.16 152 7.78%
5 Goldman Sachs 27,936.22 261 7.11%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 5,939.43 23 6.77%
2 LBBW 5,403.66 21 6.16%
3 UniCredit 5,082.55 24 5.79%
4 HSBC 5,076.13 19 5.78%
5 Credit Agricole CIB 4,965.07 22 5.66%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 6,170.54 15 14.33%
2 UBS 4,233.38 20 9.83%
3 BNP Paribas 3,846.71 16 8.93%
4 Credit Agricole CIB 3,549.81 11 8.24%
5 HSBC 2,321.22 16 5.39%