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The compromises made last week to reach political agreement on the European Union’s Taxonomy of Sustainable Economic Activities were beginning to become clearer, before the surprise rejection of the deal by France and some east European countries on Wednesday threw the issue up in the air again. -
Christian Berendes will head up Deutsche Bank’s government and regulatory affairs department from next year, after being promoted internally.
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HSBC has picked Georges Elhedery and Greg Guyett as co-heads of its global banking and markets (GBM) division, replacing Samir Assaf, who has been handed a new role as chair of corporate and institutional banking.
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A banker specialising in ratings advisory has left Morgan Stanley after spending more than six and a half years with the bank.
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The European Commission will allow a group of public institutions in Germany to inject €2.8bn of capital into the troubled German lender NordLB, after finding that its recapitalisation plans conformed to EU rules on state aid.
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Roland Domann has joined Nomura to look after the asset and liability management and insurance solutions structuring team focusing on European pension fund and insurance clients.
