Latest bank strategy news

• Aramco banks plough on with 2019 IPO plans despite attacks

  

  Sources close to the listing of Saudi Aramco, the state-owned oil producer, have confirmed that they are working flat out to bring the Saudi company to market before the end of the year, despite attacks on its oil fields over the weekend.

  • 16 Sep 2019

• Can the ‘Volfefe Index’ make markets great again?

  

  How much emphasis do you put on a tweet? According to JP Morgan and its recent ‘Volfefe Index’, 280 characters is all US president Donald Trump needs to shock the markets. The aim is to create an index “to measure the impact of the president’s tweets on rates volatility”. However, with algorithmic trading and tweet aggregation commonplace, many market participants are unconvinced that the index brings anything new to the table.

  • 12 Sep 2019

• Deutsche promotes Lewellen to run IG DCM, Buvat to run levfin

  

  Deutsche Bank has announced a round of senior appointments in its primary debt businesses, naming Hoby Buvat head of EMEA leveraged finance origination and Mark Lewellen head of EMEA debt capital markets origination.

  • 11 Sep 2019

• UBS replaces CCS with new global banking division

  

  UBS is revamping its investment bank to put the unit on a more global footing and boost collaboration across divisions, in a move that finally draws a line under the Andrea Orcel era.

  • 05 Sep 2019

• Khan do attitude: Ermotti looks to secure legacy

  

  The arrival of star Credit Suisse banker Iqbal Khan gives UBS’s chief executive Sergio Ermotti the chance to achieve his ambition of reaching a decade at the helm of the bank while securing a smooth transition, writes David Rothnie. Meanwhile, UBS’s restructuring, announced on Thursday, marks a focus on intragroup collaboration.

  • 05 Sep 2019

• Commerz CFO Engels leaves for Danske

  

  Danske Bank has appointed Stephan Engels as chief financial officer, leaving the same post vacant at Commerzbank. The move comes as the Danish lender has been dealing with the fallout from a money laundering scandal, while its German counterpart has warned of difficult business conditions.

  • 05 Sep 2019

• ING and RiverRock strike deal for loan investments

  

  ING and RiverRock have struck a deal to give the asset manager access to ING’s pipeline of senior loans, as part of the launch of RiverRock’s debut senior loan fund. The Dutch bank, unlike other commercial banks, committed to avoid cherry-picking its pipeline, and to show RiverRock everything that was eligible for the fund.

  • 03 Sep 2019

• Greenhill hires ex-Lazard banker for Paris opening

  

  Amélie Négrier-Oyarzabal has joined Greenhill & Co as head of France, and will lead the opening of a Paris office.

  • 03 Sep 2019

• BNPP, SG bankers among most negative on CEO, outlook

  

  Compared with last year, employees at BNP Paribas and Société Générale are more disapproving of their chief executives and less optimistic on the outlook for their firms over the next six months, according to analysis carried out by UBS.

  • 02 Sep 2019

• Banks given push on gender diversity

  

  European and US banks are facing pressure to become more diverse, for reasons of business and ethics. One senior investment banker at UniCredit, which has implemented a far-reaching initiative in the area, said that the logic is clear.

  • 29 Aug 2019

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