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Europe's regulator seeks to reduce complexity while 'preserving banks' resilience and resolvability'
Two senior bankers to leave, new roles for Tayler and Roose
Managing director is joining Citi's SSA and covered bond trading team
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John Flint quit his position as CEO of HSBC on Monday after less than two years in the job, as the bank warned of difficult global conditions in its second quarter results. The bank’s chair Mark Tucker implied the desire for change related to a problem with Flint’s execution of the bank’s strategy, rather than the strategy itself, but the departure has also raised questions about HSBC’s Chinese operations.
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The European Commission has asked the European Banking Authority (EBA) to say how Basel IV could affect banks’ ability to meet their total loss-absorbing capacity (TLAC) requirements — work that it says is "essential" to understanding the impact of the new reforms.
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Crédit Agricole said it could start to unwind the ‘switch 2’ capital guarantee provided by its regional banking network in 2020 after it revealed a small boost to its common equity tier one (CET1) ratio in its second quarter results on Friday. Meanwhile, capital markets and investment banking operations did not perform well over the quarter.
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Profits at Natixis’s corporate and investment bank fell sharply in the second quarter after provisions for credit losses tripled, it showed in results released after market close on Thursday. The bank was also keen to display its sustainable finance initiatives.
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BNP Paribas hires UK advisory head — Créd Ag’s credit unit chief moves to markets role — AIIB hires ICBC loan syndicator.
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Barclays performed better than its peers in fixed income, currencies and commodities over the first half of the year, helping it beat consensus estimates when it reported results on Thursday. The slide in sterling and a one-off gain from the IPO of Tradeweb flattered the results in its home currency.