Bank Strategy - All articles

  • HSBC hires Doody to take leveraged finance to next level

    Ray Doody, former EMEA head of leveraged finance, is leaving JP Morgan and is set to join HSBC as global head of leveraged and acquisition finance at the bank.

    • 30 Jan 2017
  • Cryan’s compensation call shows tough tenor of the times

    Deutsche Bank’s tough stance on compensation echoes earlier moves by rivals, but it doesn’t solve the talent crisis at big banks, writes David Rothnie.

    • 26 Jan 2017
  • Lloyds names top team for new look markets biz

    Following Lloyds Bank's creation of the "CB markets" division, combining trading with capital markets origination, James Garvey, the division’s boss, has laid out the management team for the new structure.

    • 26 Jan 2017
  • Fixed income flurry pushes US banks to strong 2016

    The major US banks posted surging fixed income numbers in the fourth quarter last year, driven by the Donald Trump and Fed-inspired steepening yield curve, and a flurry of trading around the election itself. This performance turned the year’s normal progress on its end, as a strong fourth quarter made up for a lacklustre first.

    • 19 Jan 2017
  • Bank bosses grilled on regulatory escape

    US bank bosses, facing investors at results announcements this week for the first time since Donald Trump’s election victory, tackled questions about whether the post-Trump optimism was justified — and how their businesses would benefit from easier regulation and lighter taxes.

    • 19 Jan 2017
  • Deutsche Bank’s attack on bonuses could set tone for others

    Deutsche Bank’s decision to slash cash payouts for senior and middle ranking staff could set the tone for the other European houses, most of which have yet to announce their compensation rounds for 2016.

    • 19 Jan 2017
  • LionTree launches Paris operation

    LionTree, the US advisory boutique and merchant bank focused on the technology, media and telecoms sector, has opened an office in Paris as it continues its European expansion.

    • 19 Jan 2017
  • Accountancy firms beaten back by banks in corporate finance

    A downturn in UK dealmaking and a raft of challenges to their operating models has placed the corporate finance aspirations of professional services firms under the spotlight, writes David Rothnie.

    • 19 Jan 2017
  • Morgan Stanley capital markets head to run structured credit fund

    Claus Skrumsager, co-head of EMEA capital markets at Morgan Stanley, will join the firm’s investment management unit as portfolio manager and head of private structured credit solutions, a new role leading a team and fund which has yet to be established, but which is likely to involve deploying institutional capital into a wide range of illiquid assets.

    • 18 Jan 2017
  • New syndicate tech platform passes CBA test

    Investor Access, a platform which allows investors to submit orders for a new bond issue directly into the order book was deployed for the first time last week on a Commonwealth Bank of Australia sterling covered bond. Now work is underway to convince more dealers of the initiative’s worth.

    • 09 Jan 2017
  • Old Money: Barclays déjà vus

    It’s a back-to-the-future new year for Barclays as it forges ahead with its strategic repositioning — the latest moves in what feel like decades-long twists and turns into and out of Africa and investment banking.

    • 06 Jan 2017
  • French regulator consults on corporate finance

    The French markets regulator has opened a consultation on regulating corporate finance advisory activities – an area which, when carried by boutiques, consultancies, law firms and accountants, can sometimes avoid formal regulatory scrutiny.

    • 05 Jan 2017
  • UK banks slip out synthetic CLOs before year-end

    Barclays, Lloyds, RBS and Santander UK all priced synthetic CLOs for risk transfer purposes just before the year-end, honing their capital positions for full year 2016 reporting. Most of the deals focused on large corporates, an asset class that fuelled much of last year’s boom in risk transfer trades, as banks seek ways to get ahead of increased Basel risk weights.

    • 05 Jan 2017
  • Balance sheets set to bloat thanks to new year’s TRIM

    The ECB’s review of bank internal models, dubbed TRIM, looks set to swell bank balance sheets in the year ahead — partially removing any benefit European firms get from a delay of the Basel Committee’s new credit risk rules.

    • 05 Jan 2017
  • Cantor Fitzgerald's shot at fixed income big time with Jain hire

    Anshu Jain’s move to Cantor Fitzgerald proves that, when it comes to building a fixed income business, the smart money is on the non-bank financial sector, argues David Rothnie.

    • 05 Jan 2017
  • Jain to join Cantor Fitzgerald

    Anshu Jain, former co-chief executive of Deutsche Bank, is joining Cantor Fitzgerald as president.

    • 03 Jan 2017
  • ANZ, CIMB offload Chinese bank stakes

    ANZ and CIMB have both revealed plans to sell their respective stakes in Shanghai Rural Commercial Bank (SRCB) and Bank of Yingkou, as part of strategies to focus on their core businesses.

    • 03 Jan 2017
  • Brexit: a regulatory triumph?

    The Brexit vote and the election of Donald Trump laid bare the poor predictive power of the massed ranks of financial analysts and traders. But when these political cataclysms hit the screens, nothing broke. Everyone from the IMF down to the lowest financial scribbler has warned that markets are less resilient thanks to regulation — but in the turmoil following these votes, prices moved but institutions stayed solid. Owen Sanderson reports.

    • 01 Jan 2017
  • Regulation turning syndicate into an art rather than science

    New issue bonds have been going from strength to strength, with some of the largest ever issues priced in the last two years. But the way they are executed has hardly changed for years. That is, until 2016, when sweeping regulatory change arrived in the form of new market abuse rules, along with new technology platforms and new market guidelines. Owen Sanderson reports.

    • 01 Jan 2017