Bank Strategy - All articles

  • Investec Group begins asset management spin-off

    Anglo-South African bank Investec Group has launched the spin-off of its asset management division, Ninety One ,on the London Stock Exchange.

    • 31 Jan 2020
  • Fixed income traders fail to prevent Deutsche IB losing money

    A hefty increase in revenues from rates and credit trading helped Deutsche Bank’s investment bank in the fourth quarter, but the division still made a loss.

    • 30 Jan 2020
  • Sustainable loans give banks strange urges

    New dynamics are appearing in the sustainability-linked loan market, as the product balloons and banks prepare for more intense scrutiny of their green lending activities. The trends highlight how unformed and confusing this young market still is, writes Jon Hay.

    • 30 Jan 2020
  • Barclays eyes victory in Europe’s global IB race

    Jes Staley’s strategy has been vindicated, with Barclays’s corporate finance bankers having a banner year. But it has to invest in its European franchise to cement its credentials as the region’s leading investment bank, says David Rothnie.

    • 30 Jan 2020
  • JP Morgan development unit raises questions

    Seen with cynical eyes, the launch of JP Morgan’s Development Finance Institution (DFI) is simply an attempt to expand its emerging markets footprint — already the largest in the business — by capitalising on two trends: the wave of cash fleeing low yields for EM, and the unassailable momentum of the socially responsible investment movement.

    • 23 Jan 2020
  • JP Morgan barges into development finance, aiming to do $100bn a year

    JP Morgan has created a Development Finance Institution (DFI), which will see its investment bank originate and distribute assets scored on their developmental impact. But specialists have questioned the bank’s ambitions and raised concerns about how this unit will operate.

    • 23 Jan 2020
  • Credit Suisse rejigs IBCM after ‘tough year’

    Credit Suisse has streamlined its investment banking and capital markets operation (IBCM) and is confident that it will return to form after a chastening 2019, writes David Rothnie.

    • 23 Jan 2020
  • Davy wins FTSE 100 brokership with Flutter

    Davy has been appointed corporate broker to Flutter Entertainment, the FTSE 100 parent company of bookies Paddy Power and Betfair.

    • 23 Jan 2020
  • Vivo Energy hires Numis as corporate broker

    Vivo Energy, the pan-African fuel distributor, has added Numis Securities to its corporate broking roster.

    • 23 Jan 2020
  • Corp finance chief Wallace to leave HSBC

    HSBC is looking for a new head of corporate finance coverage to replace Matthew Wallace, who is quitting the firm. Meanwhile, Simon Derrick and Michael Ellam have been handed new jobs as the bank reorganises the way it covers investors and public sector institutions. In Asia Pacific, Rami Hayek is leaving his post.

    • 23 Jan 2020
  • UBS IB spends $80m on restructuring the workforce

    UBS’s investment bank spent around $80m from restructuring related to personnel at the end of last year. The Swiss bank has also said it will look into partnerships with other banks for its investment bank.

    • 21 Jan 2020
  • Investec wins new broking client

    Investec continues to grow its corporate broking franchise, adding a FTSE 250 bank to its register of London-listed clients.

    • 21 Jan 2020
  • Commerzbank exits Netherlands primary dealership role

    GlobalCapital understands that Commerzbank has ended its primary dealership with the Netherlands, where it was a market maker for Dutch bills.

    • 20 Jan 2020
  • Alvarez & Marsal expands into debt advisory

    Tim Metzgen is leading a new European debt advisory franchise at Alvarez & Marsal.

    • 20 Jan 2020
  • HSBC names head for illiquid credit syndicate unit

    HSBC has appointed Vinay Raj as head of illiquid credit syndicate, a new structure within the firm's global syndicate operations focused on distributing structured finance, infrastructure, real estate and distressed debt.

    • 20 Jan 2020
  • Credit Suisse launches aircraft finance unit

    Credit Suisse on Thursday announced the launch of SCALE Aviation, a subsidiary of the bank aiming to boost liquidity in the aircraft industry by providing capital markets financing as well as direct assistance on acquisition, trading and management of aircraft collateral.

    • 16 Jan 2020
  • Morgan Stanley and compatriots raise the FICC bar

    Morgan Stanley more than doubled its revenue from fixed income sales and trading in the fourth quarter of last year, completing a stellar set of earnings for US banks in that business after a year in which they appear to have cemented their dominance in Europe.

    • 16 Jan 2020
  • Palmieri shakes up corp finance at SG

    Société Générale has redoubled its commitment to equity capital markets under a new structure designed to ensure it remains a force in investment banking when consolidation comes, writes David Rothnie.

    • 16 Jan 2020
  • Houlihan Lokey makes bold ECM advisory play

    Houlihan Lokey, the US boutique investment bank, has the ambition to become a serious player in the European ECM advisory market after hiring an MD from Rothschild.

    • 14 Jan 2020
  • Goldman creates sustainability council

    Goldman Sachs is forming a Sustainable Solutions Council for its investment banking division, with four members for the Europe, Middle East and Africa region.

    • 13 Jan 2020
  • RBC looks to profit amid European blues

    RBC Capital Markets is beefing up financial sponsors, aiming to boost its European business during 2020, writes David Rothnie.

    • 09 Jan 2020
  • RBC poaches from HSBC for levfin

    RBC Capital Markets has continued the development of its leveraged finance business by hiring Craig Campbell from HSBC.

    • 08 Jan 2020
  • UBS deepens ties between wealth unit and investment bank

    UBS is ramping up collaboration between its investment bank and its wealth management unit, as it seeks to find more revenue opportunities from its client base of wealthy individuals and family offices.

    • 08 Jan 2020
  • Citi committed to equity trading after exec departure

    Citi has said it is still committed to equity trading after the departure of Murray Roos, co-head of its global equities business.

    • 08 Jan 2020