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◆ Covered bond issuers take stock as pipeline threats loom ◆ Caution creeps into FIG market ◆ What triple-A ratings for Italian ABS mean for banks, securitization and the credit rating industry
The era of pure-play private equity is over. Banks are pulling different divisions together to serve the complex needs of global asset managers
Senior banker has moved on to become group treasurer at insurance company
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  • Wells Fargo has informed staff in the US that it is delaying the reopening of its offices in the country as a result of rising Covid-19 cases.
  • Banks are seeing light at the end of the tunnel as they emerge from major cost cutting exercises at the same time as economies around the world begin to emerge, erratically, from pandemic restrictions. Now the question is whether there will be enough capital markets business to go around.
  • Crédit Agricole has hired a senior China economist from Bank of America to head up its research team for Asia ex-Japan.
  • Moelis & Co supercharged its capital markets team last year just in time to take advantage of the booming market for special purpose acquisition companies (Spacs). But as the craze subsides, the team continues to expand, with the firm looking to generate repeat business from clients that appreciate its product-agnostic approach.
  • Joey Mak, a former loans banker at Mizuho, has joined Bank of Communications as section head of the structured finance department.
  • SRI
    Central banks are promoting a set of climate scenarios that may encourage banks to continue financing fossil fuel expansion when they should be shutting it down, according to an NGO — highlighting the immense influence central banks could have on climate policy.
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