Banks may be using their lending relationships with companies to press them into granting them bond mandates, the International Organisation of Securities Commissions has warned. This follows the UK Financial Conduct Authority's remarks about similar pressure for equity mandates in April.
Gabriel Grego, managing partner and chief investment officer at Quintessential Capital, is known among investors for his devastating critiques of fraudulent companies. A former paratrooper in the Israeli Defence Force, Grego is on what he sees as a moral crusade to sniff out corporate corruption. He is adamant, he tells GlobalCapital, that activist short selling is a force for good in financial markets — and society as a whole.
The ECB is considering imbuing its regular asset purchase programme with the powers reserved for its special Pandemic Emergency Purchase Programme (Pepp). From the central bank's perspective it’s a tempting move, but it could tip the eurozone into full-blown yield curve control and would certainly draw the ire and no doubt legal challenges from some in Germany.
Goldman Sachs has given new titles to leaders in its credit finance, investment grade capital markets and equity capital markets businesses.
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