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Crédit Agricole reorganises loans business amid busy hires and promotions in industry
‘New kid on the block’ disrupts established order with lead role on Schroders takeover
Former MDB sustainable finance expert joins as HSBC rebuilds sustainability leadership
EU’s new real time price feed could be nice to have, but market participants are not sure it’s essential
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US money market fund providers were faced with arguably the worst of all worlds this week when the Securities and Exchange Commission opted to impose not only redemption gates and liquidity fees — largely unopposed by the industry — but also floating net asset values. But for eurozone banks — many of which used to rely on US money funds to finance their US operations — the changes are likely to be inconsequential, after new evidence suggested their reliance on these investors has fallen.
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Credit Suisse announced plans to wind down its commodities trading business on Tuesday, using the resources to support the bank’s more profitable units. The decision follows CS reporting a hefty pre-tax loss, caused by a large fine from US regulators.
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UK bondholders subject to bail-in could receive “certificates of entitlement” giving them an interest in shares of the resolved bank, under Bank of England plans.
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Société Générale has moved Jonathan Weinberger to London to fill the capital structuring role left by Antoine Loudenot.
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Christoph Anhamm, RBS's head of covered bond origination, is leaving the bank to take up a broader position at ABN Amro, GlobalCapital understands. Tim Skeet is said to be taking over the position at RBS.
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Christoph Anhamm, RBS's head of covered bond origination, is leaving the bank for ABN. Tim Skeet will take over the position.