People & Markets - All Articles

  • Mediobanca plots advisory, mid-cap push

    Mediobanca’s plan for the next four years involves boosting advisory origination and using capital more efficiently in its corporate and investment bank. It also commits to issuing a sustainability-themed bond.

    • 12 Nov 2019
  • Banks are talking on climate, but not walking

    The greening of the banking sector is only skin deep, research published on Monday indicates. Analysis of 58 of the world’s biggest banks shows they are spending more time thinking about climate change, but few have tried to stop financing it, or even talk to clients about how they could improve.

    • 11 Nov 2019
  • Citi rehires MD for new sustainable banking team

    Citigroup is forming a new EMEA sustainable banking team and has hired a senior sustainable banking expert who had spent two years away from the firm, working for a supranational.

    • 08 Nov 2019
  • UniCredit plans new Italian holdco to make itself ‘MPE-ready’ for MREL

    At its results presentation on Thursday, UniCredit's CEO Jean Pierre Mustier scotched rumours that it was planning to set up a new German holding company and revealed instead plans for a holding company in Italy, designed to make its organisational structure more efficient for regulatory capital and resolution purposes.

    • 07 Nov 2019
  • Banking Union: one step forward, one step back

    Olaf Scholz, Germany’s finance minister, was playing all of the right notes in his ode to the Banking Union this week. It is a shame they are still not in the right order.

    • 07 Nov 2019
  • Coley and Young have left MUFG

    Two ex-Citigroup debt bankers who had led MUFG’s attempt to climb up the fixed income league tables are no longer in their roles at the bank and will be leaving.

    • 07 Nov 2019
  • Trading boost lifts UniCredit ahead of new strategy launch

    UniCredit’s has chalked up its best quarterly numbers in a decade, its CEO said on Thursday, with the performance of the investment bank lifted by soaring trading revenues. The Italian lender claimed victory on its ‘Transform 2019’ plan, ahead of the launch of a new business strategy early next month.

    • 07 Nov 2019
  • Michael Spencer backs Berman’s end to end fintech platform for bonds

    Agora, the digital debt capital markets platform being developed by bond market veteran Charlie Berman, has closed its initial seed funding round with contributions from a small group of individuals, including Michael Spencer, the founder and former CEO of interdealer broker Icap, which later became Nex Group.

    • 07 Nov 2019
  • SG trumpets capital growth after restructuring

    Société Générale reported a slump in overall profit as part of its third quarter results on Wednesday, but was keen to draw attention to a near-50bp improvement in its capital ratios, thanks to restructuring actions.

    • 06 Nov 2019
  • Green bond leadership changes at BofA

    Bank of America’s senior green bond banker has left the firm.

    • 05 Nov 2019
  • Labour report proposes incorporating Bank of England in green finance push

    A report commissioned by the UK Labour Party advocates incentivising green lending by tweaking the operations of the Bank of England, through changes to the collateral framework and the corporate bond purchase programme, as well as through changing banks’ capital requirements.

    • 04 Nov 2019