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GC Asia
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Guggenheim tops chart as IB revenues shrink
Investment banking revenue in March was lower than normal as the coronavirus pandemic sapped risk appetite — but it was far from a total wipeout.
02 Apr 2020 -
Covid-19 trading boost mitigates pressures at big investment banks
The biggest investment banks are enjoying strong trading revenues from the market moves related to the coronavirus pandemic, alleviating a freeze in M&A and underwriting activity. The banks appear well-placed to deal with corporate drawdowns, although there is some debate around wider liquidity profiles.
19 Mar 2020 -
Stan Chart and HSBC brace for double whammy of Covid-19, HK protests
HSBC and Standard Chartered are expecting lower profits and higher loan impairments this year due to the Covid-19 coronavirus outbreak and an economic downturn in Hong Kong.
27 Feb 2020 -
Metro launches new strategy, plans to issue more MREL
Metro Bank is looking to become a more profitable institution after launching a review of its strategy this week, but the lender still faces the challenge of having to raise a further £500m of debt to meet its capital needs.
26 Feb 2020 -
HSBC plans to slim down rates, derivs, equities in Europe
HSBC’s new strategic plan involves numerous changes to its investment banking division, including shifting resources to Asia and the Middle East, reducing the scale of many operations in the European markets business, and combining product functions with commercial banking.
18 Feb 2020 -
Staley’s Epstein links mar Barclays’ solid CIB results
Barclays posted another strong set of returns from the corporate and investment bank (CIB) on Thursday, but the disclosure that UK regulators are investigating chief executive Jes Staley’s relationship with the late sex offender Jeffrey Epstein was described as a “red flag”.
13 Feb 2020 -
Thiam quits Credit Suisse on fixed income high
Credit Suisse has reported a strong end to last year for fixed income sales and trading, in chief executive Tidjane Thiam’s last week in the job.
13 Feb 2020 -
US natural gas exposure hits Natixis
Natixis, one of the investment banks that has gone furthest to prioritise greener financing, had to ramp up its provisions for credit loss from US natural gas producers in the fourth quarter, pointing to “structural transformation” in the sector. But it told GlobalCapital that it still saw opportunity in the industry.
07 Feb 2020 -
SG keeps lid on costs after restructuring
Société Générale grew revenues while keeping costs steady in its markets and investor services activities in the fourth quarter. Bondholders will have also welcomed a boost to the bank’s capital ratio.
06 Feb 2020 -
BNP Paribas expects CIB growth in 2020
BNP Paribas expects to buck the trend of malaise at European investment banks and grow its revenues this year, it said in its fourth quarter results on Wednesday.
05 Feb 2020
