Bank Strategy - All articles

  • Lloyds, RBS waive fee for CLBILS lending

    Lloyds Bank and Royal Bank of Scotland have decided not to charge clients an arranging fee when lending via the UK’s Coronavirus Large Business Interruption Loan Scheme (CLBILS), while HSBC will not charge any early repayment fees.

    • 30 Apr 2020
  • Deutsche regains Germany crown in time of crisis

    Deutsche Bank has regained its number one spot in its home market, but it was its traditional investment banking business that shone rather than investments made as part of the firm’s new Germany-focused strategy, writes David Rothnie.

    • 30 Apr 2020
  • FCA warns banks not to lean on lending to win coronavirus mandates

    The Financial Conduct Authority has written to UK banks warning them against pressuring clients for mandates on Covid-19 equity capital raises using their lending relationship as justification.

    • 28 Apr 2020
  • BNP Paribas underwrites its way to crisis loan leadership

    The coronavirus pandemic is shaking up the competitive landscape in capital markets, as some firms find it harder to commit to deals — but there are winners, too, and one of the most notable cases is BNP Paribas’s presence in the syndicated loan market.

    • 24 Apr 2020
  • SEB forms cross-bank team to drive sustainability

    SEB is creating a new sustainable finance unit to broaden its offering across the whole bank, and is building a team including country heads — the first of which is Lars Eibeholm, who will join the bank from the Nordic Investment Bank in the summer.

    • 23 Apr 2020
  • BofA snub over Informa loan shows perils of corporate broking in coronavirus era

    The coronavirus pandemic has made for a tumultuous time in corporate finance. Banks’ relationships with long-standing clients have come under strain, with lending conditions tightening just as some companies need a sudden injection of cash like never before. Bank of America’s dealings with FTSE 100 publishing and events company, Informa, provide one example of the difficult decisions facing lenders.

    • 23 Apr 2020
  • Europe's banks claim home advantage in virus lending spike

    After years of not only falling loan volumes but being trounced in their own back yard, Europe's banks finally seem to have an edge against their US counterparts. With loan pricing gapping out in response to the coronavirus pandemic, but companies desperate for cash, the continent's lenders are proving first port of call for local borrowers, leaving US and Asian banks less active. Silas Brown, Mariam Meskin and Mike Turner report.

    • 23 Apr 2020
  • Broking’s challengers look to grasp crisis opportunities

    Europe’s banks sniff opportunities amid the crisis as they look to build out their corporate broking businesses, but they will face fights to remove incumbents, writes David Rothnie.

    • 23 Apr 2020
  • Crisis Talk — with Frank Czichowski of KfW

    In the first in a new series of crisis-time interviews with senior capital markets participants, GlobalCapital's Toby Fildes talks to Frank Czichowski, treasurer of Germany's KfW.

    • 22 Apr 2020
  • Banks seek exits for reserve-based lending facilities after oil crash

    Banks providing reserve-based lending facilities to oil exploration companies are looking to sell these loans, usually held and refinanced as ultra-secure relationship products, at bargain basement prices.

    • 22 Apr 2020
  • Deutsche sets up sustainable finance team to go beyond green bonds

    Deutsche Bank has set up an inter-disciplinary sustainable finance team in its capital markets group, aiming to be “viewed as [a] market leader on this important subject”, as it senses that clients, including big oil and gas companies, are having increasingly to consider environmental and social issues to access the capital markets.

    • 20 Apr 2020
  • Financial sponsor teams must play waiting game

    Banks have been building their financial sponsor coverage teams on a record period of deal making. Now they have a different fight on their hands, but bankers are playing down the threat of a 2008-style meltdown, writes David Rothnie.

    • 16 Apr 2020
  • HSBC pushes closer integration with fresh global banking revamp

    HSBC has overhauled the structure of its global banking business for the second time in as many years in a push to cut costs and bring its commercial and investment banking divisions closer together.

    • 14 Apr 2020
  • Clients must drive big chance for change in post-pandemic capital markets

    There has been much discussion since the financial world went into lockdown about how life in the capital markets will change once governments lift restrictions. Chief among those concerns has been whether the usual business of putting deals together needs to burn the Bacchanalian quantities of jet fuel and waste the many hours lurking around airports that capital markets air miles enthusiasts were doing before Covid-19 grounded them. If that is to change, borrowers and investors need to make it happen.

    • 14 Apr 2020
  • Credit Suisse’s op risk is sold to investors once more

    A new insurance-linked security (ILS) gives investors exposure to Credit Suisse’s operational risk: the third trade of its type covering the Swiss bank and the biggest one yet. Credit Suisse can receive relief on regulatory capital from insurance policies related to non-financial risk.

    • 14 Apr 2020
  • NatWest Markets pushes ahead with job cuts

    Royal Bank of Scotland is pushing ahead with job cuts in its investment banking division, bucking a trend by big banks to delay restructuring plans and cost-cutting during the coronavirus crisis.

    • 09 Apr 2020
  • Pigasse lands as Centerview’s new French boss

    Centerview Partners has appointed ex-Lazard rainmaker Matthieu Pigasse as head of its new French operation, as the boutique advisory firm expands in continental Europe with a 15-strong team.

    • 08 Apr 2020
  • Crisis sparks endgame fears for Europe’s investment banks

    'We are all in this together' is not a view Europe’s investment banks will recognise when they compare themselves with their formidable US rivals, writes David Rothnie.

    • 08 Apr 2020
  • HSBC's Quinn’s plan just got tougher to execute

    The bank has removed leadership uncertainty but the coronavirus means HSBC’s restructuring will be delayed.

    • 01 Apr 2020
  • IG Group launches prime brokerage unit

    IG Group, best known for its online index trading and contract for difference franchise, has launched a prime brokerage service targeting smaller institutions such as start-up hedge funds and family offices.

    • 01 Apr 2020