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The long-awaited Science-Based Targets standard for financial institutions has arrived. It is one of the most ambitious attempts so far to wrest the financial sector from its path towards climate destruction.

The proposed European Distribution of Debt Instruments (EDDI) project as a one-stop synchronised front to back office platform for the eurozone bond markets is unlikely to come to fruition, with the focus now centred on a far different proposition, according to senior members of a market forum spearheading the talks.

Barclays has reshuffled management of its corporate and investment bank, making Paul Compton global head of banking and CS Venkatakrishnan global head of markets.

Bank of America has promoted Jeff Tannenbaum, its head of debt capital markets and leveraged finance EMEA, to head of global capital markets for the region.

Domestic bank consolidation has returned to the top of the agenda, but for financial institutions bankers, unlocking the most lucrative relationships requires years of coverage and an ability to look beyond the quick fix of M&A, writes David Rothnie.

TP ICAP is pushing for a slice of buy-side business as it revealed on Tuesday night that it is in advanced discussions to buy Liquidnet, the trading platform provider.

Gabriel Levy, who starts as Natixis's global head of debt capital markets on Thursday, says that the bank has made its FIG business more balanced, while its SSA franchise needs to speed up growth outside of France.

The European Central Bank is considering a proposal to use its Targeted Longer-Term Refinancing Operations (TLTROs) to incentivise green lending. It has said it may also exclude so-called brown bonds from its asset purchase programmes.

Gabriel Levy will start as Natixis's global head of debt capital markets this week, replacing Michael Haize, who is moving over to the global markets division to become global head of rates and currencies trading.

Manfred Knof's appointment to succeed Martin Zielke as Commerzbank chief executive has been welcomed by market participants, ahead of an expected strategy update at the German bank.

The European Central Bank's decision to embrace sustainability-linked bonds (SLBs) as collateral and for its asset purchase programme is a sign of what is to come.

The delayed launch of the European Commission’s vast funding programme has thrown bond bankers into a fever of anticipation. The immense prestige of a programme of such international importance, as well as the sizeable fees to be won, means they are under huge pressure to develop strong relationships with the EC and win mandates. Some are beginning to vent frustration.