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Syndicate and trading executives get wider responsibilities
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Banco Santander felt vindicated in cancelling Andrea Orcel’s appointment as group chief executive when it later found out that he had been recording conversations without permission, the Spanish bank said in a statement on Friday.
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Unsecured bonds issued by UK banks may lose eligibility as collateral at the European Central Bank (ECB) after Brexit. However, analysts say this measure should not sour the market too much.
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As hardline Brexiteer Boris Johnson takes power in the UK, the European Commission is set to claim that the equivalence test for financial firms is tougher when the country in question is heavily connected to the EU.
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HSBC’s new global banking boss has quietly redesigned the division and fleshed out a cohesive corporate finance strategy that plays to its strengths, writes David Rothnie.
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HSBC’s Doody moves to New York — LCH hires Créd Ag’s Girolami — Mizuho chooses Slavinskiy for EMEA IB
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Members of the European Central Bank’s governing council appeared to be laying the groundwork on Thursday for a tiered system of interest rate charges on bank deposits and an expanded asset purchase programme.