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GC Asia
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Rose to prune NatWest Markets, take secateurs to rates
Royal Bank of Scotland — or NatWest Group, as it plans to rebrand itself later this year — is set to cut back risk-weighted assets in the investment bank, particularly in rates. The bank also committed to stricter lending and underwriting criteria for fossil fuel companies.
14 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 -
EU to discuss candidate for EBRD head
EU member states plan to agree on a common candidate to succeed the UK’s Suma Chakrabarti as president of the European Bank for Reconstruction and Development after his term ends in May. France, Italy and Poland have each put a name forward.
13 Feb 2020 -
Banks jostle for position in sustainable M&A revolution
Nomura has made sustainability one of the pillars of its fightback in investment banking, as it joins the race to harness the power of sustainability-related M&A and capital markets deals.
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 -
Investec makes five hires and continues broking push
Investec has furthered its push in corporate finance with five new hires. It continues to win new UK broking mandates.
13 Feb 2020 -
Wells Fargo gives CIB new leader and more prominence
Wells Fargo has reorganised its group structure, including hiving out its corporate and investment bank as a separate business line and giving it a new leader.
12 Feb 2020 -
Gottstein may play better with Credit Suisse’s investment bankers
Credit Suisse’s outgoing chief executive Tidjane Thiam thought he could win the power struggle against chairman Urs Rohner but he overlooked the real power broker — Severin Schwan.
10 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 -
CS shares drop but analysts sanguine after Thiam exit
The departure of Tidjane Thiam as chief executive of Credit Suisse on Friday caused the bank’s share price to fall, but analysts believe the firm’s strategy is likely to remain largely unchanged.
07 Feb 2020
