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Creating unified trading data feeds is proving much harder — and more controversial — than foreseen
Bond specialists sceptical that auctions can yield better results than bookbuilding
When staff complain, they deserve a fair hearing, not a wall of silence
Waterfall of promotions follows Karia's move to insurance post
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Japan's economy may not be the envy of the world, but its banking sector is on the up. While European banks are pulling in their horns, especially in Asia and the US, Japanese institutions are expanding. Nobuhide Hayashi, president and chief executive of Mizuho Bank, talked to GlobalCapital's Toby Fildes in Tokyo about the bank's determination to globalise its management style — and also about whether Abenomics can scrape Japanese growth off the floor, the worrying situation in China and the danger of procyclicality in regulation. -
Investment banks all want the same things — more capital, smaller loan books, and more concentration on more profitable business. When banks announce a turnaround, they should be judged on specifics, not aspirations, and on this, Standard Chartered’s strategy update is pretty watery fare.
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The Financial Stability Board made three changes to its list of global systemically important banks (G-SIBs) on Tuesday.
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Increased market volatility in foreign exchange, derivatives and equities has driven improved investment bank results at UBS. The same volatility has hurt earnings at several other banks reporting this week.
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UBS announced the future sale of a euro denominated holding company transaction this week, as UK and Swiss banks look to get investors on board with the shift of issuance away from operating companies.
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Standard Chartered is going through its peak of disruption, according to chief executive Bill Winters, as the bank cuts senior staff. It announced a comprehensive restructuring and restoration package on Tuesday, with a third quarter loss, 15,000 job cuts, a £3.3bn rights issue, and $100bn of assets to be restructured or sold.
