• MTN head joins exodus to Paris

    The head of the MTN desk at a major US bank is relocating from London to Paris.

    • 24 May 2019
  • China policy and market round-up: US to expand blacklist, PBoC struggles to calm FX, two banks eye wealth management

    In this round up, the US government is considering blacklisting five other telecom companies, the People’s Bank of China (PBoC) intervened three times in the renminbi FX market and two of the four mega banks are ready to launch their own wealth management subsidiaries

    • 24 May 2019
  • MUFG names Goto new regional Asia exec

    MUFG has appointed Noriaki Goto as the new regional executive for Asia, effective immediately, alongside two other senior positions in the financial conglomerate.

    • 24 May 2019
  • Deutsche prepared to make ‘tough cutbacks’ in CIB

    Deutsche Bank CEO Christian Sewing has pointed the way to further cuts in the corporate and investment bank, speaking at the firm’s annual general meeting on Thursday.

    • 23 May 2019
  • Taking no prisoners? Citi starts sale of Tesco mortgages

    Tesco Bank is said to have mandated Citi to run a sale process for its £3.7bn book of UK mortgages, after it decided to pull out of the market, blaming cut-throat competition. But the move has drawn attention to a proposed UK law to help ‘mortgage prisoners’, which could stop UK mortgages trading at all, writes Owen Sanderson.

    • 23 May 2019
  • ABP leads the way in switching FRNs to Sonia

    The UK corporate bond market is getting its first taste of a trend that could dominate liability management in the coming years. Associated British Ports this week asked holders of its £65m 2022 floating rate note to consent to switching the bonds’ reference rate from Libor to Sonia. Alex Radford and Ross Lancaster report.

    • 23 May 2019
  • Ten EU countries inch towards Robin Hood tax

    Some EU member states are nearing a compromise on a common financial transactions tax, something that has been discussed for almost a decade in the bloc, but has failed to materialise up to now.

    • 23 May 2019
  • People news in brief

    JP Morgan picks levfin top brass — Ex-Barclays boss turns up at Wells Fargo — Fixed income portfolio manager leaves Mirova.

    • 23 May 2019
  • Fed chair plays down fear of corp debt bust despite near-record high

    Business debt has reached near record levels that should give businesses and investors reason to “pause and reflect”, warned Jerome Powell, chair of the US Federal Reserve, this week.

    • 23 May 2019
  • Regulators lock sights on asset management

    Asset managers’ steady growth over the last 10 years is attracting the attention of regulators, who reckon they are of increasingly systemic importance to the financial system. But investment firms have pushed back, arguing that their activity is already well regulated and does not present the same risks as banks.

    • 23 May 2019
  • HSBC leads banks in selling packaged trade finance

    HSBC has started a programme to sell some of its trade finance exposures in packaged, investor-friendly format, threatening a lucrative niche until now occupied by firms such as Greensill Capital. The bank, the largest trade finance lender in the world, has worked with AllianzGI to sell the short dated bond-like assets.

    • 23 May 2019
  • Chinese ratings struggle with dodgy accounting

    China has made great strides in developing its bond market. But bankers and credit analysts admit there are still major problems with the accuracy of financial accounting. Rebecca Feng reports.

    • 23 May 2019
  • NatWest Markets SSA DCM head set for Brexit relocation

    The head of sovereign, supranational and agency (SSA) debt capital markets at NatWest Markets will move to the bank’s Paris office over the summer as part of preparations for the UK’s withdrawal from the European Union, GlobalCapital understands.

    • 23 May 2019
  • BNP Paribas gives top M&A job to Villard

    BNP Paribas has appointed Bruno Villard as head of M&A for Europe, the Middle East and Africa.

    • 23 May 2019
  • SG moves London banker to head Asia syndicate team

    Société Générale has moved one of its London bankers to Hong Kong to take over as head of the Asia Pacific debt capital markets syndicate team.

    • 23 May 2019
  • People news in brief: May 23, 2019

    SG moves London banker to run Asia syndicate team — Citi loses head of India DCM — ANZ loans banker to relocate to Singapore — MSCI names Korea client head.

    • 23 May 2019
  • Planned sale of Tesco mortgage book kicks up fears of fresh ‘mortgage prisoners’

    Tesco Bank is looking to sell its £3.7bn mortgage book after announcing that it will cease new mortgage originations. The lender is exploring options to facilitate a complete transfer, but the news has drawn attention to a bill proposed in the UK parliament which would grant borrowers the ability to transfer mortgages between providers.

    • 22 May 2019
  • JP Morgan names new EMEA levfin leaders

    JP Morgan has named a new leadership team for its EMEA leveraged finance operations, following the retirement of Kristian Orssten, a 25 year veteran of the firm.

    • 22 May 2019
  • BofA’s top-three goal relies on intensity

    Bank of America is covering more clients than ever in a quest to overhaul its rivals at the summit of the league table rankings, spelling further bad news for European banks, writes David Rothnie.

    • 22 May 2019
  • Deutsche’s Nordic ICG head moves to Goldman

    Thomas Kønig has resigned from his job as head of the Nordic institutional clients group at Deutsche Bank, and will be moving to Goldman Sachs Asset Management.

    • 22 May 2019
  • Wells appoints Langley as CIB head

    Wells Fargo has appointed John Langley as head of the corporate and investment bank for Europe, Middle East and Africa. Langley was previously head of global financing and risk solutions at Barclays.

    • 22 May 2019
  • ANZ loans banker to relocate to Singapore

    Nelly Harapoff, a director in ANZ’s loan syndication team in Sydney, will be relocating to Singapore.

    • 22 May 2019
  • DFG poaches Crescent Capital exec

    As it continues to boost its platform, CLO manager DFG Investment Advisers announced on Tuesday that it has hired John Hwang as a director in its leveraged credit team.

    • 21 May 2019
  • BofA’s Coben on leave as bank investigates social media leak

    One of Europe’s most senior equity capital markets bankers, Craig Coben, is on leave from Bank of America, pending an internal investigation into the accidental disclosure of inside information on social media.

    • 21 May 2019
  • Optimal Cédulas reform is possible, but tricky

    Spain has a limited amount of time to bring its Cédulas framework into line with the EU's Covered Bond Directive. A legal update is probably going to be less disruptive than a completely new law — but neither option is perfect.

    • 21 May 2019
  • UniCredit's head of CEE loans retires

    UniCredit's London-based head of corporate loan syndication for central and eastern Europe, Russia and the CIS has retired.

    • 21 May 2019
  • China launches cross-market bond ETFs

    The People’s Bank of China (PBoC) launched a pilot programme on Monday to set up ETFs that can include bonds in the interbank market as well as bonds traded on stock exchanges, as part of an effort to connect the two markets.

    • 21 May 2019
  • AT1 tax crackdown to spread to Denmark amid state aid fears

    Denmark is likely to become the next European member state to scrap its policy of allowing the interest payments on deeply subordinated capital instruments to be tax deductible. The move comes after the European Commission voiced its concern that the practice could constitute a breach of state aid rules.

    • 21 May 2019
  • Syndicate teams ‘know less than 10 years ago’ says KfW treasurer

    The treasury head for one of Europe’s largest capital markets borrowers, Germany’s KfW, said last week that primary markets syndicates ‘know less about the markets than 10 years ago’, leading to bankers being more conservative about where to price bond issues than in the past.

    • 20 May 2019
  • JP Morgan issues €400m Siemens synthetic

    JP Morgan has raised €400m by issuing a cash-settled bond, exchangeable into shares of Siemens, at an extremely aggressive price level. The purpose of the deal is not clear.

    • 20 May 2019
  • Second CMBS 2.0 default points to struggling UK retail sector

    A post-crisis CMBS loan tied to a UK retail property has defaulted, only the second CMBS 2.0 default seen to date, pointing to continued weakness in the retail sector.

    • 20 May 2019
  • Nomura’s insurance solutions head joins Invesco

    Richard Glenn has left his position as head of the insurance solutions group for Europe, the Middle East and Asia at Nomura, joining Invesco. Another head of that group departed the bank last year.

    • 20 May 2019
  • Pigasse made global banking head at Lazard

    Matthieu Pigasse has been appointed as global head of banking and deputy CEO of financial advisory at Lazard.

    • 20 May 2019
  • Commission’s Berrigan pours cold water on EU safe asset, ESBies

    John Berrigan, deputy director general at the European Commission, has said that the creation of a European safe asset, and in particular European Safe Bonds, would be difficult to achieve.

    • 20 May 2019
  • French, Germans and Dutch call for new CMU push

    In a common letter published on Friday May 17, the finance ministers of France, Germany and the Netherlands proposed setting up a high level working group to decide the next steps needed to strengthen capital markets in the EU.

    • 20 May 2019
  • Morgan Stanley buys stake in Tikehau Capital

    Tikehau Capital, the French alternative investment manager, has raised €300m after a private capital raising led by Morgan Stanley.

    • 20 May 2019
  • Fixed income portfolio manager leaves Mirova

    A Paris-based senior credit portfolio manager has left Mirova after spending five years at the firm, GlobalCapital understands.

    • 20 May 2019
  • Former CSRC chairman under investigation

    Liu Shiyu, former chairman of the China Securities and Regulatory Commission (CSRC), is under investigation after turning himself in to the nation’s corruption watchdog, according to a statement on Sunday.

    • 20 May 2019
  • MSCI names new Korea client head

    MSCI has poached Tay Kim from Franklin Templeton Investment Trust Management to lead client coverage for the firm in South Korea.

    • 20 May 2019
  • Citi loses India DCM head

    Neville Fernandes has left his position as the head of debt capital markets for India at Citi.

    • 20 May 2019
  • The week in renminbi: Wang Yi talks to US secretary of state, Huawei comforts employees, PBoC said to keep renminbi stable

    In this round up, China’s foreign minister talked to Mike Pompeo on Saturday, HiSilicon launched ‘extreme survival contingency plan’ and the Chinese central bank told reporters it would keep renminbi rate reasonable

    • 20 May 2019
  • Credit Suisse adds to EMEA CLO team with new promotion

    Credit Suisse has promoted Sheenal Thaker to its EMEA CLO corporate asset finance team, based in London.

    • 17 May 2019
  • Metro Bank cheers Brexit-weary UK with £375m block

    Metro Bank completed its long awaited equity capital raise on Thursday night, providing a rare bit of good news to UK bankers and investors despondent over a tortuous Brexit process.

    • 17 May 2019
  • Soc Gen appoints country head for Australia

    Société Générale has appointed Pascal Sefrin as its group country head for Australia.

    • 17 May 2019
  • China market and policy round-up: more tariffs on the way, China and Singapore renew currency swap, April economic data disappoints

    In this round up, trade tension carried on intensifying as both sides rolled out more punitive moves, the People’s Bank of China and the Monetary Authority of Singapore signed a three year currency swap agreement and April’s industrial production and retail sales growth declined.

    • 17 May 2019
  • ANZ NZ forced to use standardised op risk model after ‘persistent’ control failures

    ANZ New Zealand has been informed by its regulator that it can no longer use its own internal models to calculate operational risk, leading to a 60% jump in its capital requirements in this field.

    • 17 May 2019
  • Exchanges score win with CFTC speed bump ruling

    The US Commodity Futures Trading Commission has given a boost to derivatives exchanges that are introducing passive liquidity protection for some of their contracts.

    • 16 May 2019
  • People Moves in Brief - May 17, 2019

    BNP Paribas loses HY bond originator — BoA CLO chief departs for buy-side — BNP Paribas hires new chief US credit strategist — Private debt chief leaves Aviva

    • 16 May 2019
  • EU struggles to complete vital banking union pillar

    As the term of the EU Parliament and EU Commission draw close to an end, the institutions are busy congratulating themselves about the success of the capital markets union action plan that was launched in early 2015. Work in the field of banking and financial regulations over the last years nevertheless includes one big failure: failure to agree on the euro-area deposit guarantee scheme.

    • 16 May 2019
  • World Bank boss vows to expose hidden debt

    The new president of the World Bank used one of his first public speeches this week to call for comprehensive transparency over countries’ “hidden” debt burdens that make it harder to resolve a financial crisis.

    • 16 May 2019
  • Resurgent CMBS market no help for latest Blackstone deal

    The European CMBS market has defied its ineligibility for the European Securities and Markets Authority's (ESMA) new ‘simple, transparent and standardised’ (STS) securitization framework intended to boost confidence in the market. The asset class that appeared dead and buried after the financial crisis has outpaced other asset classes in recent times. But the resurgence did not stop one deal this week from suffering heavy investor scrutiny, writes Tom Brown.

    • 16 May 2019
  • European regulators slam FX banks with €1.1bn fines

    The EU has fined five big banks about €1.1bn in total after it found that some of their currency traders were involved in a foreign exchange cartel.

    • 16 May 2019
  • NIB boss tells industry ‘stop whining’ over MiFID at ICMA gathering

    Complaining about MiFID is par for the course at industry gatherings. But Henrik Normann, president and CEO of the Nordic Investment Bank, told attendees at the 2019 conference of the International Capital Markets Association that the regulatory regime was only there “because the industry has failed”.

    • 16 May 2019
  • BNPP loses HY bond origination banker

    A high yield bond origination banker has left BNP Paribas.

    • 16 May 2019
  • Citi names new head down under

    Citi has appointed Marc Luet to be country officer for Australia and head of the bank's Australia and New Zealand cluster.

    • 16 May 2019
  • Debt issuance comes to the fore at Créd Ag

    Crédit Agricole highlighted euro DCM activity as a successful area in its first quarter results, with the league table showing it mixed with the big banks here.

    • 16 May 2019
  • BNP hires new chief US credit strategist

    BNP Paribas on Wednesday announced that it has hired a new US chief credit strategist.

    • 15 May 2019
  • CFTC's Berkovitz backs position limits

    US Commodity Futures Trading Commission (CFTC) commissioner Dan Berkovitz has thrown his weight behind new rules covering speculative position limits.

    • 15 May 2019
  • Pemberton moves into Scandinavia

    Asset manager Pemberton has opened an office in Denmark to expand its European business.

    • 15 May 2019
  • Metro debacle shows the strength of UK banking

    Metro Bank shareholders are nursing losses of around 70% since the start of the year. But if this is the worst of UK banking’s problems right now, the sector is in pretty good shape as it faces Brexit and digital disruption.

    • 14 May 2019
  • EuroCCP hires former LCH head

    Netherlands-headquartered clearinghouse EuroCCP has appointed ex-LCH man David Hatton as its chief technology officer.

    • 14 May 2019
  • Commerz: Mittelstand clients didn’t want Deutsche merger

    Commerzbank’s small and medium sized German corporate clients did not want to be serviced by the firm if it were merged with Deutsche Bank, according to Michael Reuther, head of the corporate clients unit at the former. His unit is now hoping to take more revenue from its existing clients, after growth in several of them in the first quarter.

    • 14 May 2019
  • Barclays chief to head City’s new green body

    Rhian-Mari Thomas has left her role as global head of green banking at Barclays to become the first chief executive officer of the Green Finance Institute. It is thought two bankers have been lined up to manage the ESG banking and capital markets division at Barclays.

    • 14 May 2019
  • FIS makes big appearance in euro and sterling markets

    Fidelity National Information Services (FIS) went to market today to issue a six-tranche euro and a two tranche sterling deal. It intends to raise debt to finance the acquisition of Worldpay as announced last month.

    • 14 May 2019
  • Twenty-six China A-shares pass MSCI index review

    Index provider MSCI has confirmed, following this month's semi-annual review, that it will raise the inclusion factor of Chinese A-shares from 5% to 10%, effectively increasing the weight of A-shares in its MSCI Emerging Market Index from 0.72% to 1.46%.

    • 14 May 2019
  • Private debt chief leaves Aviva

    Aviva Investors’ head of private corporate debt has left the firm.

    • 13 May 2019
  • Kames hires head of high yield

    Kames Capital has appointed Thomas Hanson as head of high yield fixed income and Eleanor Price as a high yield analyst.

    • 13 May 2019
  • Metro to launch £350m capital raise within weeks

    Metro Bank, the embattled UK challenger bank, is expected to launch its planned £350m equity capital raise in the coming days after the bank was forced to quash rumours of financial instability on social media over the weekend. It may also sell or securitize some loans.

    • 13 May 2019
  • Barclays hires Ken Brown for ECM team

    Ken Brown, until last year head of global finance for EMEA at Nomura, has joined Barclays as chairman of its equity capital markets business in Europe and the Middle East.

    • 13 May 2019
  • China market and policy round up: trade tension reaches new height, FX reserves dip, record high QFII quotas granted in April

    In this round up, China-US trade tension peaked with US president Donald Trump’s market-moving tweet, Chinese FX reserves dipped in April and the amount of Qualified Foreign Institutional Investors (QFII) quotas approved in April surpassed that of all of last year.

    • 10 May 2019
  • Soc Gen mandates for client selectivity

    Société Générale will take an increasingly selective approach to which of its clients are allowed the full range of its product suite, as it targets big savings in its global banking and investor solutions (GBIS) division.

    • 09 May 2019
  • BlackRock backs out of Carige recap, raising bailout fears

    US fund manager BlackRock has pulled the plug on a rescue deal for ailing Italian bank Carige, setting the stage for a difficult political argument over whether to approve yet another costly government bailout.

    • 09 May 2019
  • People moves in brief — May 9, 2019

    Schlesinger leaves Santander – New responsibilities for Ross – Soc Gen shuffles markets top brass

    • 09 May 2019
  • UniCredit to change structure to reduce funding cost

    UniCredit provided details of its intention to strengthen its balance sheet further on Thursday, as it produced a well-received set of earnings results.

    • 09 May 2019
  • New look RBNZ committee cuts rates to record low

    The Reserve Bank of New Zealand cut rates for the first time since 2016 to a record low of 1.5% on Wednesday. The RBNZ Monetary Policy Committee decision was the first under its new set-up, which included three external members on the committee.

    • 09 May 2019
  • LeasePlan brings UK auto STS deal, while Moody’s flags risk for auto ABS

    LeasePlan UK has mandated LeasePlan Corporation as arranger and HSBC and Santander as joint lead managers for Bumper UK 2019-1, a UK auto ABS which will comply with the ‘simple, transparent and standardised’ (STS) framework.

    • 09 May 2019
  • Mustier tight-lipped about UniCredit M&A plans after €1bn Fineco share sale

    UniCredit’s chief executive, Jean Pierre Mustier, moved fast this week to sell €1bn of stock in FinecoBank, the Italian bank’s online brokerage, after a decision to deconsolidate the unit. Many in the market see UniCredit's accelerating asset sales as an effort to boost its capital position before exploring M&A opportunities in 2020. Aidan Gregory reports.

    • 09 May 2019
  • Chinese regulator outlines new NPL rules

    The China Banking and Insurance Regulatory Commission is planning to impose tighter rules on the recognition of non-performing loans (NPLs), forcing banks to provide more transparent data about the health of their assets.

    • 09 May 2019
  • EIB planning to launch new development bank

    The European Investment Bank is preparing to launch a new entity — potentially called the European Bank for Sustainable Development — that will focus on sustainable projects outside the EU, GlobalCapital understands.

    • 09 May 2019
  • Natixis loses Asian sustainability director

    Chaoni Huang has left her job leading Natixis’ sustainability efforts in Asia Pacific.

    • 09 May 2019
  • French bid to widen EU green Taxonomy received well

    The attempt by France to broaden the European Union’s proposed Taxonomy of Sustainable Economic Activities away from the “green niche” has made a good start. Financial officials from all the EU governments discussed the idea on Tuesday, with many member states being “very supportive”, according to sources close to the situation.

    • 09 May 2019
  • EBRD’s Africa push met with scorn in Sarajevo

    Plans by the EBRD to enter sub-Saharan Africa have been criticised by delegates at the annual meeting for taking on more responsibilities at a time when they have not completed their tasks in their original areas of operation

    • 08 May 2019
  • Baltic countries target single index classification

    The EBRD is working with Latvia, Estonia and Lithuania to have the Baltic region classified as a frontier market initially and is working on a pan-area covered bond framework

    • 08 May 2019
  • France and Germany push to revive EU Financial Transaction Tax

    France and Germany have proposed to extend France’s model for a financial transactions tax (FTT) to all EU countries willing to participate, allocating the revenues to the EU’s budget, according to a Franco-German document seen by GlobalCapital.

    • 08 May 2019
  • PrivatBank ‘confident’ of resisting nationalisation unwind

    A Ukrainian bank believes it can overturn a court ruling against its nationalisation that was seen as good news for the oligarch who used to own it and who is a supporter of the incoming president.

    • 08 May 2019
  • Santander’s head of continental European PP origination departs

    Santander’s head of continental European private placement origination has left the bank after nearly 13 years with the firm, but only the last five months in that role.

    • 08 May 2019
  • Ross takes on SSA duties at Deutsche

    Deutsche Bank has appointed Frazer Ross as its head of European flow syndicate, adding responsibility for the SSA syndicate business to his existing oversight of the corporate, financials, emerging markets and EMTNs syndicate.

    • 08 May 2019
  • Barclays’ head of private loan sales Broughton to join ANZ Bank

    Emma Broughton, who quit Barclays last month, will join ANZ Bank in June.

    • 08 May 2019
  • Updated: PBoC again opts for curious timing with third bills issuance

    The People’s Bank of China (PBoC) sold a three month Rmb10bn ($1.48bn) tranche and a one year Rmb10bn tranche in Hong Kong on May 15, Hong Kong Monetary Authority (HKMA) said on Wednesday. The central bank has again chosen an interesting time for the announcement and the tender.

    • 08 May 2019
  • Basel rules ‘curbing infra investment in emerging markets’

    Hopes of attracting private finance to fill the funding gap for much-needed infrastructure projects in developing and emerging countries are being threatened by new rules aimed at making banks safer.

    • 07 May 2019
  • Bank of England worries about UK-EU relationship post-Brexit

    Sir Jon Cunliffe, deputy governor for financial stability at the Bank of England, this week outlined the risks the UK will face once it breaks from the European Union. Foremost is the uncertainty of the relationship after the divorce.

    • 07 May 2019
  • UniCredit starts FinecoBank separation with €1bn share sale

    The formal separation of FinecoBank, the Italian online brokerage, from UniCredit has begun with Italy’s biggest bank selling almost half stake to institutional investors via an equity block trade – a strategy UniCredit has used numerous times in the past to shed non-core assets under its CEO Jean-Pierre Mustier.

    • 07 May 2019
  • SocGen swaps out US global markets chief

    Société Générale announced on Monday that Sylvain Cartier, the bank’s New York-based head of global markets for Americas, would be leaving for Paris to join the bank’s fixed income division following the departure of its former chief, Bruno Benoit.

    • 06 May 2019
  • PBoC lowers rate for SMEs after trade hiccup

    The People’s Bank of China (PBoC) will lower the reserve requirement ratio for small and medium sized firms, it said on Monday morning. The central bank announced the move amid worsening trade negotiations with the US.

    • 06 May 2019
  • The week in renminbi: Trump tweets tariffs threat, Bond Connect hits record high traffic, state council sets rule for government investments

    In this round-up, US president Donald Trump threatened more tariffs days before the eleventh round of trade talks, Bond Connect gained 134 new foreign institutional investors in April thanks to Chinese bond inclusion, and China’s State Council standardised government investment.

    • 06 May 2019
  • SG to downsize FICC and cut costs, though financing beats

    Société Générale’s financing and advisory operations again produced strong revenues in the first quarter, according to results announced on Friday. Revenue in global markets and investor services fell, however, and here the bank is slashing risk-weighted assets, to refocus its business.

    • 03 May 2019
  • Transaction banking buoys HSBC’s IB

    HSBC’s global banking and markets division registered a small rise in income in its first quarter results announced on Friday. Transaction banking lines helped outweigh revenue declines in trading and the global banking business.

    • 03 May 2019
  • China policy and market round-up: trade talks continue, PMI falls, CBIRC promises more

    In this round-up, the trade negotiation between China and the US finished its tenth round, China PMI fell in April after previously rebounding and the chairman of the banking and insurance regulator promised more reform.

    • 03 May 2019
  • Markets cheer as UK raises hopes of net zero carbon

    The UK’s so far quixotic response to climate change stands a good chance of becoming more serious and organised, after the government welcomed a bold policy report calling for net zero carbon emissions by 2050.

    • 02 May 2019
  • The Fed will copy Europe on climate policy, despite Trump

    While other central banks have started to grapple with climate change, the Federal Reserve has been conspicuous by its absence. But as green shoots begin to emerge in the US, the Fed will not be able to ignore the topic for much longer.

    • 02 May 2019
  • People moves in brief

    Credit Suisse hires special situations chief — BNP Paribas’s sustainable bond head retires — NatWest hires banker to build in Germany.

    • 02 May 2019
  • Bramson suffers heavy defeat in board bid

    The vast majority of Barclays’ shareholders declined to support activist investor Edward Bramson’s bid to put himself on the board of the bank at its annual general meeting on Thursday.

    • 02 May 2019
  • BNPP shares Europe’s FICC uplift

    BNP Paribas recorded a sharp rise in revenue in its fixed income, currencies and commodities trading (FICC) operations during the first quarter, it said on Thursday. Other European investment banks have registered relatively good scores on this front so far this reporting season, with the exception of Deutsche Bank.

    • 02 May 2019
  • Bart Chilton, 1960-2019

    Bartholomew "Bart" Chilton, a former commissioner at the US Commodity Futures Trading Commission, passed away on April 27, aged 58.

    • 02 May 2019
  • Greek borrower protection framework to help NPL securitization

    Greek authorities have begun to implement an enhanced framework to allow mortgage borrowers to keep their homes in a regulatory move that bodes well for future NPL securitization in Greece.

    • 02 May 2019
  • Argentina bonds, peso hit by political risk

    The risk of a Cristina Fernández de Kirchner winning the presidential election in Argentina has spooked investors, causing the currency to sell off and bond prices to slump. But the weakening economy is bolstering support for president Mauricio Macri’s rivals, causing what investors are calling a “toxic feedback loop”.

    • 02 May 2019
  • Investment banks can handle levloan downturn, says Moody’s

    Global investment banks should be able to withstand stress in the leveraged finance market, according to a Moody’s report published on Tuesday, thanks to lower pipeline limits and smaller deal sizes than pre-crisis. This was borne out during the fourth quarter of last year, when few banks were caught offside despite a slump in loan prices.

    • 02 May 2019
  • Macquarie hires Porretta as securitization MD

    Macquarie Bank is hiring Carolyn Porretta as a managing director in its EMEA securitization business.

    • 02 May 2019
  • Credit Suisse hires Mathieson from NatWest

    Thomas Mathieson has joined Credit Suisse from NatWest Markets, to head up special situations and loan trading.

    • 02 May 2019
  • Citi names infra heads

    Citi has named Francisco Abularach and Todd Guenther as co-heads of global infrastructure investment banking.

    • 02 May 2019
  • Deposits flowed out of Metro ahead of debt, equity raises

    Metro Bank’s first quarter trading update, published on Wednesday, revealed that commercial depositors pulled cash out of the bank after the January trading update that stunned capital market participants. Metro is looking to raise equity in the next two months, before issuing £500m of tier two debt later in the year.

    • 02 May 2019
  • Blackstone sues RCS chief Urbano Cairo for up to $300m

    Blackstone is suing Urbano Cairo, chairman and controlling shareholder of Italian publisher RCS Mediagroup, citing loss of opportunity for Blackstone and its investors to sell a property acquired from RCS in 2013.

    • 02 May 2019
  • BNPP’s Sfakianos to retire

    Stephanie Sfakianos, BNPP’s head of sustainable capital markets, is retiring from BNP Paribas after 15 years with the bank.

    • 02 May 2019
  • Deutsche holds firm despite Whitbread broking loss

    For all its woes, Deutsche Bank’s corporate finance business has much to play for in EMEA, writes David Rothnie.

    • 02 May 2019
  • ADCB, UNB and Al Hilal create UAE's third largest lender

    Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) have officially merged, and acquired Al Hilal Bank. The merger creates the third largest lender in the United Arab Emirates, and comes amid a boom in banking M&A across the Gulf.

    • 02 May 2019
  • China’s Nasdaq faces teething problems after regulator is swamped by applications

    Although the Shanghai Stock Exchange (SSE) has received 98 applications from companies hoping to launch an IPO on its new tech board, a lengthy and complicated approval process has revealed some of the problems facing potential listing candidates. Meanwhile, there are doubts over some of the investors preparing to buy into the market. Rebecca Feng reports.

    • 02 May 2019
  • Philippines gets ratings boost from S&P

    S&P upgraded the Philippines’ rating to BBB+ from BBB on April 30, as the sovereign conducted a roadshow for a proposed euro bond.

    • 02 May 2019
  • Prosper hit with SEC penalty for misleading investors

    Marketplace lender Prosper miscalculated and materially overstated its annualised net returns to investors, according to the US Securities and Exchange Commission, which slapped the online lender with a $3m fine last month.

    • 01 May 2019
  • IFM expands EMEA debt investments team with double hire

    IFM Investors has hired Lucie Mixeras to its EMEA debt investments team as associate director, in response to what the company says is growing client demand for infrastructure debt.

    • 01 May 2019
  • Morgan Stanley rehires Colocci as M&A chairman

    Michele Colocci has left JP Morgan and will rejoin Morgan Stanley as chairman of M&A.

    • 01 May 2019
  • Pantheon: UK could issue tax cut Gilts in next downturn

    Amid criticism of the effect of quantitative easing (QE) on asset prices, the Bank of England could buy themed government bonds instead of regular Gilts in the next downturn, according to Samuel Tombs, chief UK economist at Pantheon Macroeconomics. This would be designed to ensure that QE directly helped the economy.

    • 01 May 2019
  • NatWest hires country head to build in Germany from BNPP

    NatWest Markets has hired an experienced debt capital markets banker to be its country head for Germany, based in Frankfurt.

    • 01 May 2019
  • Jefferies poaches two from ING for EM sales and trading

    Jefferies is nearing the completion of its EM sales and trading team started 2.5 years ago, with two more hires in London.

    • 01 May 2019
  • Swedbank hires Finnish corp fin head, seeks to hire in ECM

    Walter Ahlström is joining Swedbank as its new head of corporate finance in Finland, as part of its strategy to grow its equity capital markets business and team. He is joining from Carnegie, where he had worked in Finnish ECM. He had been there for nearly four years.

    • 01 May 2019

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 163,028.47 711 8.04%
2 Citi 160,005.15 642 7.90%
3 Bank of America Merrill Lynch 132,268.74 528 6.53%
4 Barclays 127,185.71 494 6.28%
5 HSBC 106,407.22 534 5.25%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 12,912.95 35 6.60%
2 BNP Paribas 12,334.48 61 6.31%
3 UniCredit 11,196.47 58 5.73%
4 Citi 9,580.75 37 4.90%
5 Deutsche Bank 8,953.95 35 4.58%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 5,579.06 26 10.66%
2 JPMorgan 4,866.13 28 9.30%
3 Goldman Sachs 4,405.13 21 8.41%
4 Citi 3,774.81 24 7.21%
5 UBS 3,602.23 16 6.88%