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When staff complain, they deserve a fair hearing, not a wall of silence
Waterfall of promotions follows Karia's move to insurance post
Originator hired to go after bank bond issues in euros and dollars
Long-standing FIG DCM banker leaves after more than two decades
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A report that UniCredit is considering a merger with Société Générale — which would create a powerful champion in European corporate debt — provoked strong feelings among capital markets specialists on Monday. The story appears to have taken UniCredit’s management by surprise, just after a bruising period for Italy in capital markets. But although some like the idea in principle and others scorn it, none believe a merger at some stage is impossible.
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The US Federal Reserve Board has put forward a sweeping set of proposals to soften restrictions on proprietary trading under the Volcker rule, in a move that could free up banks to pursue more transactions related to underwriting and market making.
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Jitters over Italy’s political turmoil receded slightly on Thursday, giving Asia’s stock and bond markets a bit of respite, even as talk of a trade war between China and the US reappeared.
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Jitters around Italy’s political turmoil made its way to Asia’s bond and stock markets on Wednesday, forcing debt capital markets bankers in the region to hit the pause button on deals.
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EU member states agreed on a wide-ranging banking package last Friday, aimed at reducing risk in the European banking sector, but Brussels sources are divided as to whether the new measures are enough to swiftly complete the Banking Union.
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Want to understand Brexit and the future of UK financial regulation? Don’t look to government — the Treasury Select Committee has more power than ever before.