Bank Strategy - All articles

  • Private capital should play a role in development finance

    Railing against the inflow of private capital into developing markets is idealistic at best and lethal at worst. Critics should be careful what they wish for.

    • 27 Aug 2020
  • JP Morgan’s internal development bank on target but still has sceptics

    JP Morgan’s new Development Finance Institution (DFI) has been racking up its deal count during the coronavirus crisis. Its aim is to bring transparency and more investment to development finance in emerging markets, but some experts are doubtful about the project.

    • 27 Aug 2020
  • Okuda starts efficiency drive at Nomura

    Nomura has cut jobs in its investment banking business in Europe over the summer, following losses in leveraged finance, as its new chief executive eyes up other regions for growth, writes David Rothnie.

    • 27 Aug 2020
  • Danske reorganises, Groot out

    Jakob Groot has left Danske Bank, with Berit Behring taking charge of a newly created division for large corporate and wholesale customers.

    • 26 Aug 2020
  • UBS hits stride after rocky road to collaboration

    UBS reckons it has a hit upon a ‘unique formula’ for growth as it expands its investment banking offering to its high net worth clients, writes David Rothnie.

    • 20 Aug 2020
  • Banks wary supporting PE under UK scheme

    A UK government spokesperson has told GlobalCapital that the UK is exploring ways to support private equity-backed businesses that fall foul of EU rules around state aid. Accredited lenders under the UK government’s emergency corporate loans schemes are rejecting applications by many private equity-backed companies, fearing they do not fit the eligibility criteria.

    • 17 Aug 2020
  • NatWest designs new investment bank layout

    NatWest Markets has restructured its divisions and given them new leadership. It is also moving some UK corporate-focused bankers over to the ring-fenced bank.

    • 14 Aug 2020
  • Crisis forces hard choices on European banks

    The coronavirus crisis has reshaped many aspects of finance, but not the line-up of top investment banks. It does appear to have pressed some firms into sharp decisions, though.

    • 13 Aug 2020
  • Deutsche makes huge strides in euro IG corps

    Deutsche Bank has had an impressive run in the European investment grade corporate bond market this year, leaping from sixth to second year-to-date. GlobalCapital spoke to Frazer Ross, Deutsche’s head of investment grade syndicate for Europe, the Middle East and Africa, to find out the reasons behind its success.

    • 13 Aug 2020
  • What’s next for Société Générale and Natixis?

    Société Générale and Natixis have purged their senior ranks following second-quarter losses and to prepare for strategic revamps, but David Rothnie thinks the future will remain challenging for both.

    • 13 Aug 2020
  • Citi makes decent fist of covered trading

    Citi has taken market share from other banks in the past year to become one of only four that account for 60% of all secondary market covered bond volume traded on Bloomberg so far this year, thanks to a combination of devoting balance sheet to trading and having the appetite to take risk.

    • 13 Aug 2020
  • ABN Amro to slim down CIB

    ABN Amro plans to quit corporate banking outside Europe, except for clearing, and also exit trade and commodity finance in a shake-out of its corporate and investment banking activities.

    • 12 Aug 2020
  • Johnson: underwriters in line for bonus boost

    Bankers in advisory, as well as the management at banks, are likely to receive lower bonuses this year, according to Johnson Associates, a compensation consultant for the financial sector. However, traders and bankers working in underwriting are in line to enjoy a boost.

    • 11 Aug 2020
  • Nomura sets out covered bond trading ambition but has a way to go

    Nomura has ambitions to improve its covered bond market making presence, but it has a long way to go before getting close to the top, where Citi, Santander, and JP Morgan all occupy a clear lead, according to investors.

    • 11 Aug 2020
  • Cost cuts central to Gottstein's Credit Suisse shake-up

    Credit Suisse chief executive Thomas Gottstein has brought its investment bank back together but threatens to leave it with a diminished corporate finance business, David Rothnie reports.

    • 06 Aug 2020
  • Market welcomes new Natixis CEO Namias

    Investors appeared positive on Natixis's prospects after Nicolas Namias replaced François Riahi as chief executive. Meanwhile, the bank has said it will reposition its equities division after it endured another tough quarter.

    • 06 Aug 2020
  • Commerz warns on corona impact for corporate clients

    Commerzbank expects its corporate division to remain under pressure from the coronavirus crisis in the second half of the year, after a second quarter where international firms rushed to take out debt products but the bank was stung by a large single provision, understood to relate to disgraced payments company, Wirecard.

    • 05 Aug 2020
  • SG finds new head for investment bank

    Slawomir Krupa will replace Séverin Cabannes to lead Société Générale’s global banking and investor solutions (GBIS) activities from next year. The division reported a net loss of €604m in the first half of the year.

    • 05 Aug 2020
  • Embattled HSBC to press on with restructuring

    HSBC revealed a big increase in credit loss provisions in its second quarter results on Monday, as it vowed to step up the pace of its strategy shift. In the investment bank, it was a strong outing for fixed income and currencies trading, but a disappointing quarter for equities.

    • 03 Aug 2020
  • SG to derisk structured products

    Société Générale will make its structured products less risky, it said, after a difficult first half of the year in its equities business.

    • 03 Aug 2020
  • Credit Suisse makes changes in levfin, DCM, energy and infra

    Credit Suisse has given staff including Jeff Cohen new positions and is also creating a new energy and infrastructure group.

    • 03 Aug 2020