• Credit Suisse names Winarta Indonesia IB head

    Credit Suisse has appointed Eric Winarta as head of its Indonesia coverage for investment banking and capital markets.

    • 18 Jan 2019
  • China market round-up: money growth beats expectations, USDCNH futures trading sets record, FTSE Russell to launch series for Chinese green bonds

    In this round-up, China's money supply grew 8.1% in December, USDCNH futures trading on the Singapore Exchange (SGX) jumped thanks to renminbi volatility, and FTSE Russell launched a new index series tracking Chinese green bonds.

    • 18 Jan 2019
  • China policy round-up: next round of trade talks scheduled, PBoC deputy governor discusses Panda bonds proceeds, Bank of China to issue first perp

    In this round-up, Liu He will visit the US at the end of this month, Pan Gongsheng spoke at the China Bond Market International Forum and Bank of China plans to issue the first perpetual bonds in the domestic market.

    • 18 Jan 2019
  • China bond access hits terminal velocity

    Investors in Hong Kong, Singapore, and the US can now begin to trade onshore Chinese bonds through Bloomberg terminals. The new access channel should slowly boost liquidity in China’s secondary bond market, said onshore bankers.

    • 18 Jan 2019
  • Leveraged loan worries dominate US bank earnings

    End of year earnings calls at the US banks all featured anxieties about the exposure of the firms to a leveraged finance market that was looking increasingly stretched through year end, with some bridges said to be hung and discounts offered on risk positions.

    • 17 Jan 2019
  • Climate activists boo Larry Fink’s CEO letter

    Larry Fink, chief executive of BlackRock, became one of the most namechecked people in the responsible investing movement in 2018 when he affirmed that “Companies must benefit all of their stakeholders, including shareholders, employees, customers and the communities in which they operate.”

    • 17 Jan 2019
  • Barclays cuts across syndicate, LM, RSG, MTNs and advisory

    Barclays has made cuts across its debt capital markets business, with staff put at risk including several long serving bankers who have been with the firm for over a decade.

    • 17 Jan 2019
  • People Moves in Brief

    Barclays cuts in DCM and syndicate — SEB hires ECM head — Altice M&A boss joins JPM

    • 17 Jan 2019
  • Italian banks suffer as ECB cracks down on NPL stock

    The European Central Bank has slapped the institutions under its supervision with deadlines for dealing with their stocks of non-performing loans, giving the weakest lenders up to 2027 to raise their coverage levels to 100%. The revelation hit Italian banks hard in the market this week, though some commentators said that the new recommendations should hardly have come as a shock to investors.

    • 17 Jan 2019
  • Japan's FSA weighs options for investors to buy US and EU ABS

    Japanese regulators will implement risk retention rules for securitization at the end of March. The Financial Services Agency is leaning towards the 'eligible vertical interest' model as a solution to allow investors to access both European and US markets.

    • 17 Jan 2019
  • Moynihan promises hiring at BAML as De Giorgi quits

    Diego De Giorgi has left his post as global head of investment banking at Bank of America Merrill Lynch, less than four months after his boss and close ally Christian Meissner was ousted as head of corporate and investment banking (CIB) at the US bank.

    • 17 Jan 2019
  • SRB lays out MREL changes ahead of banking package

    The Single Resolution Board (SRB) set out new policy for complex banks on minimum requirements for own funds and eligible liabilities (MREL) on Wednesday, changing its approach on issues including the subordination requirement and how the type of resolution plan an institution has affects its needs.

    • 17 Jan 2019
  • Citi names new boss for EMEA

    Citi said it had appointed David Livingstone, the bank’s chief country officer for Australia and New Zealand, as chief executive of EMEA, succeeding Jim Cowles.

    • 17 Jan 2019
  • EU member states ready to bury ESA review

    EU finance ministers are poised to agree on January 22 to postpone the review of the European Supervisory Authorities even further, killing any hope of striking a deal before the European Parliament ends its mandate in April 2019.

    • 17 Jan 2019
  • Rand Merchant ECM banker leaves for college

    An equity capital markets banker at Rand Merchant Bank has left the bank to study for an MBA at Insead.

    • 17 Jan 2019
  • Gilt linkers cheapen after Lords committee takes aim at RPI

    Index-linked Gilts took a hit on Thursday after a House of Lords committee concluded that the UK government should correct an “error” in the Retail Prices Index calculation — a tweak that would cause “material detriment” to bondholders.

    • 17 Jan 2019
  • Barclays marketing new CSAM CLO

    Barclays is on the road this week with a CLO that it is looking to sell this quarter for Credit Suisse Asset Management.

    • 17 Jan 2019
  • FIA makes case for leverage ratio adjustment

    Industry body the Futures Industry Association (FIA) has submitted a lengthy letter to the Basel Committee for Banking Supervision (BCBS) lobbying for changes to the leverage ratio and how it interacts with derivatives clearing.

    • 17 Jan 2019
  • Investment banks gear up for tech coverage revolution

    Technology M&A will continue to power corporate finance activity in 2019 but, as deals increasingly cross sectors, banks are having to re-tool their coverage and break up internal silos, writes David Rothnie.

    • 17 Jan 2019
  • Axiom: NPEs down overall, but worst performers are surprising

    EU banks have drastically reduced their non-performing exposures over the past year, and the weakest lenders in terms of provisioning shortfalls are not from Europe’s periphery, according to research by Axiom Alternative Investments. However, two banks named as some of the worst performers disagreed with this label.

    • 17 Jan 2019
  • People and markets news in brief: January 18, 2019

    Seguchi, Su succeed Koder as BAML co-presidents — QFII quota doubled ahead of index inclusions — China high yield faces a tough year

    • 17 Jan 2019
  • Foreign rating agencies walk tightrope in China

    The big three international rating agencies have all registered with Chinese regulators so they can join the country’s onshore credit rating industry, but none have started operations yet. Rebecca Feng investigates the reasons behind the holdup.

    • 17 Jan 2019
  • Former BAML ECM banker to join Credit Suisse

    Former Bank of America Merrill Lynch syndicate banker Jack Barrass is to join Credit Suisse in February as a member of its equity capital markets syndicate team.

    • 17 Jan 2019
  • Wellfleet promotes new CLO managers

    Greenwich, Connecticut based Wellfleet Credit Partners, the performing credit business of Littlejohn & Co, has promoted Dennis Talley and Scott McKay to managing director with a focus on CLOs.

    • 17 Jan 2019
  • Kensington Mortgages renews warehouse line

    Kensington Mortgages has renewed a warehouse line of credit with BNP Paribas and Citibank, giving it the ability to fund nearly £1bn worth of new originations.

    • 16 Jan 2019
  • Eurex Clearing appoints new CRO

    Eurex Clearing's head of risk analytics and model validation, Dmitrij Senko, has been appointed chief risk officer, and is set to formally replace risk management veteran Thomas Laux on July 1.

    • 16 Jan 2019
  • BNPP hires in the Nordics

    BNP Paribas has hired numerous bankers to bolster its corporate and institutional banking presence in the Nordic countries, including senior bankers in equity and derivatives roles.

    • 16 Jan 2019
  • Société Générale names new UK IB head

    Société Générale said it had appointed Peter McGahan as UK head of coverage and investment banking, a role previously held by Sadia Ricke. Ricke remains UK chief country officer.

    • 16 Jan 2019
  • MUFG revamps Malaysia leadership team

    MUFG has appointed three veteran bankers to senior positions in its Malaysian subsidiary.

    • 16 Jan 2019
  • Santander cancels Orcel's CEO appointment over deferred comp cost

    Santander has said it would not be hiring Andrea Orcel as group chief executive after all, because the cost of buying him out of previous compensation awarded at UBS would be too high. But sources close to and away from the situation said that the Spanish bank under Orcel would have also looked to poach other senior UBS employees, potentially sending the buy-out bill spiralling.

    • 15 Jan 2019
  • Ivanka Trump and the World Bank — a blessing in disguise?

    Ivanka Trump, a US businesswoman better known as the daughter of US president Donald Trump, is set to help out in the search for a new World Bank president. While she is probably the least qualified person ever to have assisted in the process of appointing such an important position, the tempering influence she may have on her father’s disdain for multilateralism could be a blessing — at least the best we can hope for in these politically insane times.

    • 15 Jan 2019
  • National security in crosshairs for UK M&A

    UK mergers and acquisitions are set for a tricky time over the next few years, as the government is expected to begin implementing a more stringent national security regime this year.

    • 15 Jan 2019
  • MUFG hires Mann for FIG in Paris

    Mitsubishi UFJ Financial Group has appointed Jason Mann as European head of financial institutions DCM, a role which will be based in a branch of the bank’s new subsidiary, established to prepare for Brexit.

    • 15 Jan 2019
  • SEB hires new ECM head after Kosenko switches to DCM

    SEB has selected a new head of equity capital markets following Artem Kosenko’s move across to debt capital markets.

    • 15 Jan 2019
  • JP Morgan hires Altice M&A boss to co-head TMT

    JP Morgan said on Monday that it had hired Burkhard Koep, Altice’s head of M&A and business development, to co-run EMEA TMT investment banking, alongside Hugo Baring.

    • 15 Jan 2019
  • Chinese activity in CEE set to grow

    China’s activity in central and eastern European (CEE) lending and investment is set to swell further in 2019, as its banks and other financial institutions extend their reach.

    • 15 Jan 2019
  • QFII quota doubled ahead of index inclusions

    China’s State Administration of Foreign Exchange expanded the total available quota for the Qualified Foreign Institutional Investor (QFII) scheme, one of the country’s longest-standing capital markets access programmes. The move came before the upcoming further inclusions of Chinese securities in global investment indices.

    • 15 Jan 2019
  • Barclays appoints new Apac banking head

    Barclays has appointed Vanessa Koo as head of banking for Asia Pacific and Lars Aagaard as head of mergers and acquisitions for the region.

    • 15 Jan 2019
  • Agarwal on banking: ‘I loved the work we did’

    Capital markets veteran Sandeep Agarwal speaks to GlobalCapital about his decision to leave the sector after a period of more than 20 years, reflecting on what he describes as the "best learning experience" he could have asked for following the financial crisis. As he prepares for a new challenge outside of banking, Agarwal warns that the industry is not "out of the woods yet".

    • 14 Jan 2019
  • RBC Capital Markets' equity-linked head leaves

    A senior equity-linked debt banker has left RBC Capital Markets.

    • 14 Jan 2019
  • New UK RMBS issuance to be sold to US clients

    A handful of prime UK RMBS deals are rumoured to be in the pipeline, along with several prime euro transactions, with issuers said to be targeting US investors while they wait for the fog to clear around new ‘simple, transparent, standardised’ (STS) rules.

    • 14 Jan 2019
  • Mayer Brown adds CLO partner to London finance practice

    Mayer Brown has hired Dasha Sobornova as partner in its banking and finance practice in London.

    • 14 Jan 2019
  • Brexit untangling could boost HSBC over its discos

    The European Banking Authority is sceptical about HSBC’s decision to re-grant capital treatment to some legacy debt instruments last year, but it is unsure about the leverage it can exert over UK authorities in light of the country’s upcoming departure from the EU.

    • 14 Jan 2019
  • Alantra taps Fadel as managing director

    James Fadel has been hired as managing director at global investment bank Alantra and will join the firm's London office.

    • 14 Jan 2019
  • James Fadel hired as managing director at Alantra

    James Fadel has been hired as managing director at global investment bank Alantra and will join the London office in Atlantra’s UK branch.

    • 14 Jan 2019
  • ECB tells Monte dei Paschi to beef up on NPL coverage

    The European Central Bank has asked Banca Monte dei Paschi di Siena to raise the coverage levels for its stock of non-performing loans, leading to fears in the market about the Italian lender’s ability to meet its supervisory capital ratios.

    • 14 Jan 2019
  • The week in renminbi: the currency appreciates, foreign trade climbs, Russia and China move closer

    In this round-up, the renminbi reached its strongest value against the dollar since July, December exports and imports volumes dropped, and trade volumes between China and Russia reached a record high.

    • 14 Jan 2019
  • BAML appoints two Apac presidents

    Bank of America Merrill Lynch has appointed two senior bankers as co-presidents of Asia Pacific, succeeding Matthew Koder who took on a new position last year.

    • 14 Jan 2019
  • Danske finally looks to finish after Browder claims

    Danske Bank was set to complete its bond sale on Friday at a slightly higher price, after activist investor Bill Browder forced a delay due to his comments about its money laundering scandal this week. Before the postponement, Danske had drummed up a large amount of support in the dollar market, as UniCredit did earlier in the week.

    • 11 Jan 2019
  • China policy round-up: US-China three-day trade talks show seriousness, premier Li meets Elon Musk, small enterprises to enjoy lower tax rates

    In this round-up, US-China extended the previously planned two-day trade talk to a third day, Li Keqiang met Tesla’s Elon Musk, and the state council rolled out lower tax rates for small and low profit businesses.

    • 11 Jan 2019
  • China market round-up: FX reserves climb in December, renminbi globalisation index dips in November, domestic CPI inflation moderates

    In this round-up, China’s foreign exchange reserves rebounded slightly for the second month in a row, Standard Chartered’s index for international RMB usage fell again, and China's consumer price index (CPI) inflation decelerated at the close of 2018.

    • 11 Jan 2019
  • People Moves in Brief

    RBC corp DCM head to run Mizuho's EU arm - BNPP fills MENA spot - Blackstone hires Deutsche DCM director

    • 10 Jan 2019
  • US will try to stop MDBs securitizing

    Hopes of a thriving new market for securitizations by multilateral development banks hit a hole in the road in December, when the US Treasury said it disapproved of them and would seek to stop them.

    • 10 Jan 2019
  • UniCredit trade shows how Italy needs the ECB

    Italian banks are paying up for funding, both a cause and effect of financial stress in the country. It shows why the European Central Bank is likely to continue with TLTRO (targeted longer-term refinancing operations), and why the Italian government has less leverage over Europe than meets the eye.

    • 10 Jan 2019
  • Obituary: John Lee-Tin Jr — Shining brightest

    Cultured, guitar-playing capital markets banker who was widely seen as the best SSA originator in the business died on December 26. He was 48 and had been suffering from cancer.

    • 10 Jan 2019
  • Legal experts butt heads on STS application for US issuers

    Law firms are struggling to see eye to eye on how to interpret “simple, transparent and standardised” (STS) transparency requirements for US entities issuing in Europe.

    • 10 Jan 2019
  • Ginnie Mae chief abruptly resigns, joins SFIG as CEO

    Michael Bright, acting director of Ginnie Mae, has resigned his position and will take up the reins as president and CEO of the Structured Finance Industry Group, effective this month.

    • 10 Jan 2019
  • Politicians talk up Carige nationalisation

    The Italian government this week earmarked up to €1bn for a precautionary recapitalisation for Banca Carige but the future of the troubled bank remains uncertain.

    • 10 Jan 2019
  • Moody’s mulls rule switch to boost supranational securitizations

    Moody’s is looking at amending its rating approach for multilateral development banks and supranationals in the wake of last year’s groundbreaking African Development Bank ‘Room2Run’ risk transfer deal, proposing explicit ratings credit for ‘credit protection features’ for the first time.

    • 10 Jan 2019
  • Credit Suisse investment banking business defies the critics

    Credit Suisse surprised its critics in 2018 by showing that, despite its pivot to wealth management, the European corporate finance business is robust and surprisingly well-diversified, writes David Rothnie.

    • 10 Jan 2019
  • Levfin investors band together against borrower domination

    Investors in the leveraged finance market established a new trade body this week, giving them the chance to push back against aggressive covenant terms, and offering an alternative forum to the Association for Financial Markets in Europe, increasingly dominated by the sell side following a mass walk-out by the buy side last year.

    • 10 Jan 2019
  • Kim exit sparks fears of Trump plant at World Bank

    The surprise decision by Jim Yong Kim to quit as president of the World Bank and join a private fund has triggered a race for the top job in development finance, at a time when the US, the Bank's largest shareholder, is hostile to multilateralism. By Phil Thornton

    • 10 Jan 2019
  • World Bank risks US wrath with China loans

    Research by a US thinktank shows that the World Bank will have to carry out major reform of its lending to China to meet US-driven goals to focus loans on projects with benefits outside wealthy provinces. By Phil Thornton

    • 10 Jan 2019
  • Barclays names new DCM leadership

    Barclays has unveiled the new structure of its management team for its global DCM and risk solutions group businesses, naming a new head of DCM for EMEA.

    • 10 Jan 2019
  • Carige's last trade: troubled Italian bank privately placed securitization

    Banca Carige raised private funding from an institutional investor in May last year through the sale of senior notes in a securitization, perhaps the last time the troubled Italian bank, now facing state recapitalisation, succeeded in raising external funding.

    • 10 Jan 2019
  • Danske deal hangs on Browder testimony

    Danske Bank is waiting until activist investor Bill Browder gives a press conference before deciding whether to proceed with the sale of a senior non-preferred bond. News of the conference derailed the deal on Wednesday, after final terms and a $3bn size had already been set.

    • 10 Jan 2019
  • Fitch joins ESG caravan with relevance scores

    Fitch Ratings has remedied its long lack of a visible response to the rise of environmental, social and governance investing by launching a set of ESG relevance scores.

    • 10 Jan 2019
  • RBC corporate DCM head Seibel to run Mizuho’s EU arm

    Mizuho International said it had hired Christoph Seibel, head of EMEA corporate debt capital markets at RBC Capital Markets, to be chief executive of its EU operations, Mizuho Securities Europe.

    • 10 Jan 2019
  • Derivs users yet to alter contracts for Libor's demise, says survey

    A large majority of derivatives users have not yet started to prepare contracts for the end of Libor, according to a survey published on Thursday.

    • 10 Jan 2019
  • Ready, steady, wait — STS hobbles securitization start

    'Simple, transparent, standardised' (STS) ABS deals are unlikely to be certifiable before the end of January according to third-party verifier Prime Collateralised Securities (PCS). A debate is ongoing within the European Commission over homogeneity requirements and to what degree the final regulatory technical standards (RTS) will differ from previous templates.

    • 09 Jan 2019
  • Middle East DCM vacancy filled at BNPP

    BNP Paribas has filled the gap it had in Middle East DCM with an internal move of a banker working in sustainable capital markets.

    • 09 Jan 2019
  • Swedish regulator investigates clearing safeguards after Nasdaq

    Swedish markets regulator Finansinspektionen (FI) on Wednesday called for lawmaker-backed resolution plans for clearing houses, in the wake of a default at Nasdaq clearing last September.

    • 09 Jan 2019
  • Libor cut-off raises the risk of AT1 extensions, says JP Morgan

    Analysts at JP Morgan believe that investors are underestimating the risk that banks will decide against calling their additional tier one instruments in the coming years, because of confusion around the reset rates that could apply past the scheduled end of Libor.

    • 09 Jan 2019
  • Banks fear being priced out of the market for MREL debt

    Around half of EU banks see pricing as a major constraint for issuing subordinated debt counting towards their minimum requirements for own funds and eligible liabilities (MREL), while analysts think funding costs will increase for capital instruments across the board, according to a survey released by the European Banking Authority this week.

    • 09 Jan 2019
  • ABN's equity syndicate head moves to PE coverage

    ABN Amro has promoted one of its senior equity syndicate bankers to a wider coverage role within investment banking.

    • 09 Jan 2019
  • SocGen expands Apac DCM platform to Japan

    Société Générale is strengthening its debt capital market capabilities in Asia Pacific by creating a new Japan team under Yohei Abo.

    • 09 Jan 2019
  • Stricter rules coming for Chinese rating industry

    The National Association of Financial Market Institutional Investors (Nafmii) is gearing up to unveil new standards for the Chinese rating industry this year.

    • 09 Jan 2019
  • JPM hires from Lloyds for Apac corporate banking

    Oliver Brinkmann has joined JP Morgan as head of corporate banking for Asia Pacific, according to an internal memo seen by GlobalCapital Asia.

    • 09 Jan 2019
  • Citi shakes up Apac DCM syndicate team

    Citi has named two new co-heads for the debt capital markets syndicate desk in Asia Pacific, succeeding James Arnold who is taking up another position within the bank.

    • 09 Jan 2019
  • Trump’s Fed criticism has ugly precedents

    Donald Trump’s attacks on rising US interest rates have prompted outrage that the maverick president is trampling on the independence of the US Federal Reserve. However, while Trump’s style is unique, his intent to influence the Fed has plenty of precedents.

    • 08 Jan 2019
  • UniCredit hires Sebban for French DCM

    UniCredit has hired Audrey Sebban as head of debt capital markets, FIG and SSA for France, the bank said on Tuesday.

    • 08 Jan 2019
  • Italy gives Carige liquidity support, opens path to recap

    The Italian government has agreed to provide a guarantee for Banca Carige’s bonds, giving it a chance to shore up its liquidity position. The state has also put the option of a precautionary recapitalisation on the table.

    • 08 Jan 2019
  • Jim Yong Kim quits World Bank as Trump influence fears grow

    The unexpected decision by Jim Yong Kim to stand down as World Bank president three years ahead of schedule will raise worries in the development community that Donald Trump will use the opportunity to select a political appointee. By Phil Thornton

    • 07 Jan 2019
  • HSH Nordbank bondholders file lawsuit

    Investors in some tier one instruments issued by HSH Nordbank are taking their complaints to court in Germany, claiming that the way in which the notes were written down and the coupon payments missed was improper.

    • 07 Jan 2019
  • Over half of UK banks and brokers could shift to EU

    Twenty-seven universal banks, investment banks and brokerages have confirmed or are considering moving operations or staff from the UK to the rest of the EU, according to EY. Paris is gaining in popularity as a destination for UK financial services firms, but Dublin appears to be the top choice.

    • 07 Jan 2019
  • BNPP hires senior Schuldschein originator at BayernLB

    BNP Paribas has hired a senior originator at BayernLB to cover the Schuldschein market.

    • 07 Jan 2019
  • Reprieve for conduit banks avoids large-scale liquidity draw

    A last-ditch reprieve for the asset-backed commercial paper market late last year saved European banks running securitization conduits from a huge drawing on their liquidity reserves — but details of the fix are still being hashed out.

    • 07 Jan 2019
  • CPPIB Capital hires funding official from EDC

    A funding official at a Canadian public sector borrower is switching to another SSA in the country.

    • 07 Jan 2019
  • Cboe COO leaves for MarketAxess

    Chris Concannon, Cboe Global Markets' COO and president, will leave the exchange group next week to join electronic trading platform MarketAxess in the same roles.

    • 07 Jan 2019
  • Afme tries to placate HY investors with info concessions

    The Association for Financial Markets in Europe will host a special meeting of its high yield bond division on Wednesday, sources have told GlobalCapital, in an effort to woo back disgruntled investors.

    • 07 Jan 2019
  • KfW hires senior funding official

    KfW has appointed a senior funding manager to its new issues team in Frankfurt, with responsibility for sterling and dollar deals.

    • 07 Jan 2019
  • Danske hires Thirasilpa for leveraged finance

    Danske Bank has hired DNB Markets’ JoJo Thirasilpa as a managing director in leveraged finance.

    • 07 Jan 2019
  • Deutsche DCM director joins Blackstone Tactical Opportunities

    A former director in Deutsche’s insurance solutions business has joined Blackstone’s Tactical Opportunities team as a principal.

    • 07 Jan 2019
  • StanChart nabs two loan syndicate bankers

    Standard Chartered has hired two loans syndicate bankers, in Hong Kong and Shanghai respectively, according to a source close to the move.

    • 07 Jan 2019
  • The week in renminbi: PBoC cuts RRR for banks, Shanghai-London Stock Connect further delayed, premier Li pays big banks a visit

    In this round-up, People’s Bank of China (PBoC) cut the reserve requirement ratio (RRR) by 100bp, Shanghai-London Stock Connect likely postponed to late January, and Li Keqiang encourages big commercial banks to support the private sector.

    • 07 Jan 2019
  • ECB bemoans states' missing capital buffers

    A member of the supervisory board of the European Central Bank has hit out at European member states for failing to introduce countercyclical buffer rates for banks during this economic cycle.

    • 07 Jan 2019
  • Government and bank bonds take priority in Q1, pushing Pandas aside

    Panda bonds could take a back seat in the first quarter of 2019 due to the expected increase in issuance of local government bonds and as banks focus on their own funding needs, according to onshore DCM bankers.

    • 07 Jan 2019
  • BNP loan syndicate head relocates to Sydney

    Wayne Green, head of loan syndicate and sales for Asia Pacific at BNP Paribas, has relocated to Sydney for another position, according to sources close to the situation.

    • 07 Jan 2019
  • BOC HK loses senior loans banker

    A senior loans syndicate banker at Bank of China (Hong Kong) has left the firm, according to a source close to the situation.

    • 07 Jan 2019
  • Danske returns to unsecured after laundering revelations

    Danske Bank is looking to issue a senior non-preferred bond, giving primary market investors a chance to judge the institution after developments in a money laundering scandal have raised the prospect of it receiving a large fine from US authorities. Danske follows BNP Paribas, which paid up to print a new deal on Thursday.

    • 04 Jan 2019
  • China market and policy round-up: US and China set date for trade talks, PBoC tries to boost SME lending, Nafmii gets a new head

    In this round-up, US and China agreed to hold trade talks in Beijing early next week, the central bank loosened the definition of small and medium enterprises (SMEs), and National Association of Financial Market Institutional Investors (Nafmii) appointed a new party chief.

    • 04 Jan 2019
  • Corporates could get double whammy by investing cash in renewable energy assets

    Companies usually park their reserves of cash in staid, low-yielding liquid assets. But asset managers are trying to persuade them to invest some of that money differently, in a way that could help them live up to their environmental commitments.

    • 03 Jan 2019
  • Barclays bounce-back breaks top five DCM ranking

    All of the top five DCM banks by revenue are US houses — for the third year running — though the resurgent Barclays cracked the top five by volume this year, according to full year 2018 figures from Dealogic.

    • 03 Jan 2019
  • ECB looks to unlock capital block for Carige

    It might be a new year but the same old problems are haunting the Italian banking sector. On Wednesday the European Central Bank took the unprecedented step of appointing administrators to run struggling Banca Carige. The supervisor hopes that the intervention will solve long-standing governance problems, but it may not be enough for the bank to pull off an equity raise and ensure its survival.

    • 03 Jan 2019
  • John Lee-Tin 1970-2018

    It is with much sadness that we have to report the death of John Lee-Tin.

    • 03 Jan 2019
  • People Moves in Brief

    CS DCM chairman takes property start-up gig - Nomura hires in FIG DCM - IFC names acting treasurer

    • 03 Jan 2019
  • UK banks squeeze out rush of risk transfer trades before year-end

    UK banks printed a flurry of risk transfer securitizations just before the end of last year, hedging portfolios of corporate credit and commercial real estate totalling more than $8.5bn-equivalent.

    • 03 Jan 2019
  • IFC appoints Borlini as acting treasurer

    The International Finance Corp has named Sabrina Borlini as acting vice-president and treasurer while the supranational development agency completes its selection process to replace Jingdong Hua.

    • 03 Jan 2019
  • Will Europe regret stringing out the Carige debacle?

    The European Central Bank is giving Banca Carige yet more time to boost its capital. If the lender cannot turn itself around, authorities will regret dithering while the private sector walked away.

    • 03 Jan 2019
  • People and markets news in brief: January 3, 2019

    JP Morgan brings back healthcare banker — Malaysia slaps first 1MDB charges on Goldman

    • 03 Jan 2019
  • Two senior Morgan Stanley bankers to retire

    Two senior Morgan Stanley bankers are set to retire from the US investment bank this year.

    • 03 Jan 2019
  • New York law firm taps CLO expert for securitization practice

    Sidley Austin has hired Steven Koyler to join the firm’s global finance practice as a partner in New York.

    • 02 Jan 2019
  • Barclays takes fight to US banks in corporate finance, but doubts linger

    Barclays has asserted its credentials as Europe’s top investment bank with market share gains in 2018, but can it shake off lingering doubts about the franchise, asks David Rothnie.

    • 02 Jan 2019
  • Nomura makes FIG DCM hire

    Nomura has hired Tom Lowe to cover financial institutions in the UK and Ireland.

    • 02 Jan 2019
  • Agarwal leaves CS for new opportunity

    Sandeep Agarwal, a veteran of the financial institutions bond market, has parted ways with Credit Suisse to join a new company.

    • 02 Jan 2019
  • ECB takes charge of Carige

    The European Central Bank has seized control of Banca Carige after a majority of board members resigned. The new administrators include the old CEO and chair, originally proposed by the Malacalza family, as well as a lawyer with experience of merging financial entities.

    • 02 Jan 2019
  • Barclays establishes new ABCP programme as EU regs bite

    Barclays launched a new asset-backed commercial paper conduit, Sunderland Receivables, receiving a prime rating for the new vehicle on December 24, part of a broader overhaul of the bank’s asset finance operations which has been running for the past year — and a canny move to get ahead of European regulation.

    • 02 Jan 2019
  • Holiday round-up: China PMI falls in December, global RMB FX reserves drop, US-China play nice

    In the first round-up of 2019, China’s economy slowed further in December, renminbi-denominated central bank reserves fell in the third quarter of last year, and the US and China exchanged some positive signals on trade.

    • 02 Jan 2019

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 28,736.25 82 9.49%
2 JPMorgan 26,609.28 77 8.79%
3 Barclays 19,197.35 50 6.34%
4 HSBC 18,884.90 60 6.24%
5 BNP Paribas 18,849.94 38 6.23%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 9,498.80 2 86.78%
2 Swedbank 160.81 1 1.47%
2 Sumitomo Mitsui Financial Group 160.81 1 1.47%
2 SEB 160.81 1 1.47%
2 Nordea 160.81 1 1.47%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 ING 220.22 2 15.39%
1 Bank of America Merrill Lynch 220.22 2 15.39%
1 ABN AMRO Bank 220.22 2 15.39%
4 Morgan Stanley 114.77 1 8.02%
4 BNP Paribas 114.77 1 8.02%