Latest bank strategy news

• Sphere holders agitate against HSH Nordbank

  

  Holders of HSH Nordbank’s tier one securities have reacted angrily to the German bank’s announcement that it expects to write the instruments down further. Bondholders are also meeting later this month to vote on taking legal action against the bank.

  • 01:45 PM

• UniCredit plans to split its funding strategy

  

  UniCredit said in its third quarter results on Thursday that it would move to a model in which all of its legal entities were self-funding, gradually minimising its intra-group exposure.

  • 08 Nov 2018

• UniCredit pushes back TLAC funding plan

  

  UniCredit has moved its target date for issuing instruments to meet its total loss absorbing capacity (TLAC) requirement from the end of this year to the end of March next year. Meanwhile, chief executive Jean Pierre Mustier is set to invest in the bank’s equity and additional tier one (AT1) notes.

  • 08 Nov 2018

• Relocation, relocation, relocation: French trio prep Paris Brexodus

  

  BNP Paribas, Crédit Agricole and Société Générale are making plans for the eventuality of a hard Brexit, in some cases putting swathes of bankers at risk of redundancy. Some DCM and sales teams have been asked to move, though each bank is taking a different approach as to who will need to be relocated to comply with EU regulations.

  • 08 Nov 2018

• Barclays co-head of global DCM at risk

  

  Barclays’ co-head of global debt capital markets and risk solutions group has had his job put at risk by the bank.

  • 08 Nov 2018

• Citi hands EMEA challenge to Drury and de Vecchi

  

  The US bank has appointed a strong line-up to run its EMEA banking operation as it looks to capitalise on its recent gains in market share, writes David Rothnie.

  • 07 Nov 2018

• Credit Suisse claims to beat the Street in capital markets

  

  Credit Suisse made a bold claim in its third quarter numbers — to topping the table for improvement in advisory and capital markets since it started its restructuring in 2015. But despite the investment banking momentum, the bank’s shares slid on Thursday as it reported a loss in its global markets business.

  • 01 Nov 2018

• Sudden stop for conduits could drain €130bn from Europe’s banks

  

  Obscure disclosure rules for European securitizations could bring asset-backed commercial paper conduits to a sudden stop on January 1, forcing the banks that sponsor them to step in with liquidity support of up to €130bn.

  • 01 Nov 2018

• BNP Paribas overhauls corporate finance to crack IB code

  

  BNP Paribas’s latest restructuring makes it look more like its US universal banking rivals. Now it needs to figure out how to match them in the rankings, writes David Rothnie.

  • 31 Oct 2018

• StanChart becomes first foreign custodian bank in China

  

  Standard Chartered announced on October 29 that it had been granted a domestic fund custody licence by the China Securities Regulatory Commission (CSRC).

  • 31 Oct 2018

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