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GC Asia
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Piraeus covers capital raise to clean up NPL portfolio
Piraeus Financial Holdings, the Greek holding company which owns Piraeus Bank, has launched a capital raise to give it the firepower needed to offload non-performing loans and has already secured enough demand on one morning of book-building to cover the deal.
21 Apr 2021 -
Citi to boost wealth management business in Apac
Citi is planning to hire around 2,300 people to support the expansion of its wealth management business in Asia Pacific, as the bank undertakes a restructuring that boosts focus on its four wealth centres.
19 Apr 2021 -
Goldman offers lenders UK mortgage warehousing
Goldman Sachs has been offering UK specialist lenders terms for mortgage warehouses, in a radical shift in securitized products strategy for the US investment bank, which has concentrated most of its recent primary markets efforts on principal deals. The move puts it into competition with commercial banks with bigger balance sheets and cheaper capital, but could send waves through the sector.
23 Mar 2021 -
Sponsors franchise forms foundation for NatWest’s CLO push
NatWest Markets is offering warehouse terms for new CLOs again, reflecting the reorganisation of the bank’s operations and an increased focus on sponsor financing for the UK bank.
22 Mar 2021 -
HSBC GBM to double down in Asia, Middle East
HSBC's global banking and markets division (GBM) plans to invest in Asia and plug more than half its risk-weighted assets (RWAs) in the Apac region and the Middle East by 2022, the bank outlined when reporting its full-year results on Tuesday. Meanwhile, in the final three months of last year, global banking revenues fell year-on-year, but proceeds from equities more than doubled.
23 Feb 2021 -
HSBC switches regional leadership amid 'expanding' Middle East ambitions
HSBC has shifted responsibility for its regional businesses and given chief financial officer Ewen Stevenson a broader remit, ahead of updating investors with results on Tuesday and amid its overhaul of operations.
22 Feb 2021 -
Europe’s banks double down on broking
If you want to be Europe’s leading global investment bank, you've got to have a leading role in the UK, the region's biggest fee pool. And that means having a strong corporate broking platform, writes David Rothnie.
18 Feb 2021 -
JP Morgan returns to UK warehouse lending
JP Morgan is opening warehouse lines for UK mortgage origination, ending a prolonged absence from a core part of the European securitization market for the US giant — a prohibition said to have been mandated by senior figures in the bank’s management team.
16 Feb 2021 -
Mignon slakes M&A thirst to bring Natixis into the fold
BPCE is drawing Natixis closer at a pivotal time for the investment bank and European banking consolidation, writes David Rothnie.
11 Feb 2021 -
BPCE plans Natixis purchase, looks at reorganisation
BPCE is planning to buy the stake in Natixis it does not already own, and is also examining splitting it up, placing its corporate and investment banking activities and asset and wealth management branch into a new structure.
10 Feb 2021
