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Barclays has taken on a former member of Deutsche Bank’s FIG DCM team in Paris.
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BNP Paribas has hired an experienced financials credit trader to its London operations.
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Tracey McDermott, acting head of the UK's Financial Conduct Authority, told a City audience at the Mansion House speech that “the intensity and volume of regulatory activity over recent year is not sustainable”, signalling a less combative approach to the financial industry.
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Covered bonds worth almost €7bn were issued this week but, by virtue of its size, oversubscription ratio and breadth of demand, Nationwide Building Society’s €1bn deal stood out.
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The London branch of the Japanese firm has put two bankers ‘at risk,’ one of whom had been actively involved in emerging markets, covered bonds and SSA syndicate.
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A senior FIG syndicate banker has quit BNP Paribas to move to Danske Bank in Copenhagen.