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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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Douglas Flint, group chairman of HSBC, told EuroWeek on Tuesday that the Cypriot banking crisis had highlighted the need for a debate on whether depositors should rank pari passu with senior unsecured bondholders, taking into account the demographics of banks’ deposit bases, writes Will Caiger-Smith.
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The banking industry’s reputation is hurting its ability to recruit university graduates, according to Lloyds chief executive António Horta-Osório, as a survey by the bank revealed that just 2% of them were likely to choose a career in banking.
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French bank Natixis has hired former Crédit Agricole head of Americas loan syndication Jean-Philippe Adam as head of its wholesale banking Latin American platform, a new position.
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Credit Suisse is promoting two of its FIG syndicators and may look to hire a new junior banker, after the departure of its long-standing head of FIG syndicate.
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Credit Suisse has promoted Rizal Gozali and Edwin Low to co-heads of southeast Asia investment banking.
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Commerzbank reported a pre-tax loss for the first quarter as restructuring costs gobbled up all the bank’s operating profit of €469m, which was down 18% from the first three months of 2012, writes Mark Baker.