Latest bank strategy news

• Metro seeks to sell back CHL loans to Cerberus

  

  Metro Bank confirmed on Monday that it was planning to sell a portfolio of loans, following a report over the weekend from Sky News, with Cerberus in the frame to buy back the same Capital Home Loans mortgages it sold to Metro in 2017.

  • 22 Jul 2019

• Banks continue shift to low risk blocks strategy

  

  Risk adverse equity capital markets banks have largely moved away from bidding for auctioned block trade activity in 2019, and are concentrating on large client-mandated business, which they can de-risk before they launch.

  • 22 Jul 2019

• RBS’s McEwan heads to NAB for clean-up job

  

  National Australia Bank has hired Ross McEwan as its new group CEO, as the bank seeks to improve its reputation after a damning report criticised its conduct.

  • 19 Jul 2019

• Libya takes stake in EBRD

  

  Libya has paid in capital to become a shareholder in the European Bank for Reconstruction and Development, in a move that extends the development lender’s reach across the region.

  • 18 Jul 2019

• US bank chiefs upbeat on deal flow after poor Q2

  

  Leaders of the big US investment banks were cautiously optimistic about upcoming investment banking activity, despite a poor second quarter across their capital markets divisions.

  • 18 Jul 2019

• Créd Ag sticks to its strength and shuns grand pretensions

  

  Crédit Agricole’s corporate and investment bank (CA–CIB) aims to be realistic in how offers value to clients and its parent company. It’s looking to achieve growth without overreaching in unprofitable or less strategic areas, writes David Rothnie.

  • 18 Jul 2019

• NatWest Markets launches ESG deposits

  

  NatWest Markets, the investment bank owned by Royal Bank of Scotland, has launched its own environmental, social and governance deposit product, responding to a desire among companies, public bodies and investment firms to invest their cash ethically.

  • 16 Jul 2019

• JP Morgan expands private capital markets team

  

  JP Morgan is growing its team dedicated to private equity capital markets transactions, as banks increasingly look to the space to make up for declining IPO volumes.

  • 16 Jul 2019

• Take-private turbulence holds levfin in the balance

  

  The leveraged loan market in Europe is relying on several high profile take-private trades to rescue volumes and fees for 2019, and give the squeezed CLO market much needed supply. But these deals are vulnerable, and can easily fall apart, as sponsors must navigate an obstacle course of trade buyers, competition authorities, and recalcitrant shareholders.

  • 16 Jul 2019

• Credit Suisse hires Goldman banker to build Saudi offering

  

  Hazem Shawki is set to join Credit Suisse from Goldman Sachs in order to lead its investment banking operations in the Middle East, Turkey and Africa, with a particular focus on pushing further into the Saudi Arabian market.

  • 16 Jul 2019

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