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  • A senior director in the capital markets funding team at a German agency has left to join UniCredit’s FIG team in Munich, GlobalCapital understands.
  • The UK’s new Brexit Bond Management Office is still preparing to issue its first notes, originally scheduled for last Friday. The Brexit-themed Gilts are sized at £36.4bn, equivalent to £350m a week over their two year maturity.
  • Tim Sloan, CEO and president of Wells Fargo, has announced his retirement, after several years of regulatory and legal pressure on the bank as a result of mis-selling revelations. Sloan was a Wells veteran; the US bank will now not choose one its own staff as his permanent replacement.
  • Forget the anti-EU politicians preparing to make gains in the upcoming European Parliament elections. Just as in the eurozone crisis, it is the incumbents holding up reform in the bloc.
  • JPM securitization banker leaves — Goldman Brexiter quits for politics — Balax enrols in fintech course
  • Barclays’ chief executive Jes Staley has seized direct control of corporate and investment banking (CIB) again, instigating sweeping changes as he fights to boost returns at the unit and block a shareholder activist’s attack. David Rothnie reports.