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Sugrue specialised in covering the insurance and reinsurance sectors
Executive is moving to more senior role
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
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Barclays has picked two senior leveraged loans bankers from its North Asian and Australian teams to take over its loan capital markets business across Asia Pacific. Guy Smith and Richard Satchwell will now run the business, replacing Richard Palmer, who has retired.
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Spain’s ability to step in if its banks need help came under analyst scrutiny this week, as worsening economic conditions intensified the market focus on the country’s lenders.
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Skandinaviska Enskilda Banken’s Stockholm-based head of euro financial and corporates syndicate, Tony Clark, has left the bank.
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Bail-in powers should be applied to all existing senior unsecured debt as well as debt issued after any legislation comes into play, the International Monetary Fund said this week as it set out its vision for burden-sharing.
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The Financial Stability Board, along with the Bank of England’s Paul Tucker, will call on Friday for greater transparency in repo transactions, as the European Commission attempts to get a better grip on the challenges thrown up by shadow banking at a conference in Brussels.
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JP Morgan is moving Jeff Urwin, global head of investment banking coverage, to Hong Kong — the bank said it is the first time its global IB head has been based in Asia Pacific.