North America
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A surge in shareholder activism is providing banks with a lucrative new source of revenue, but they have to tread carefully or risk losing treasured corporate relationships, writes David Rothnie. -
Equity markets have recovered much of their swagger in 2019, with the S&P 500 almost completely clawing back losses from the worst sell-off since the financial crisis.
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Goldman Sachs said that its equity underwriting pipeline swelled during the first quarter, with IPO interest rising among technology companies.
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Toronto-Dominion Bank has become the first Canadian issuer to launch a bail-inable senior bond publicly in euros, impressing on-looking bankers by landing the deal with a very tight spread to mid-swaps.
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Citi’s institutional clients group registered a higher revenue in the EMEA region than it did in North America in the first quarter of the year, the first time this had happened in more than six years.
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UniCredit has settled with US authorities and agreed to pay about $1.3bn for breaking US sanctions, but the Italian bank said this amount was fully covered by provisions.
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Data from the US Commodity Futures Trading Commission suggests that institutional investors' positioning in bitcoin futures swung away from bullishness last week.
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Chinese smart wearable technology company Huami is issuing new shares through a follow-on American Depositary Shares (ADS) offering of up to $150m.
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On Friday, JP Morgan and Wells Fargo posted falls in investment banking revenue for last quarter. But debt underwriting business was a bright spot for both banks.
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In this round-up, China and the US agree to set up enforcement offices, the People's Bank of China reshuffles its monetary policy board and the finance ministry tightens rules on Panda accounts.
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Sentiment in the dollar corporate bond market remained upbeat this week, even after jumbo deals from Broadcom and Saudi Aramco traded softly.
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The new World Bank president used his first public statement to pledge to increase efforts to ensure China was more transparent in its lending to Africa.
