Bank Strategy - All articles

  • Natixis's new DCM head Levy eyes SSAs

    Gabriel Levy, who starts as Natixis's global head of debt capital markets on Thursday, says that the bank has made its FIG business more balanced, while its SSA franchise needs to speed up growth outside of France.

    • 30 Sep 2020
  • BPER Banca sets price for €800m rights offer

    BPER Banca, the Modena-based banking group, has unveiled the terms for a €800m rights issue to fund an acquisition of hundreds of branches across northern Italy from Intesa Sanpaolo.

    • 30 Sep 2020
  • Crédit Agricole sells last of its stake in Banque Saudi Fransi

    Crédit Agricole has sold a 4% share stake in Banque Saudi Fransi (BSF) to two unnamed investors for around €330m, ending an association which dates back to 1977.

    • 28 Sep 2020
  • Market welcomes Commerz's new CEO Knof

    Manfred Knof's appointment to succeed Martin Zielke as Commerzbank chief executive has been welcomed by market participants, ahead of an expected strategy update at the German bank.

    • 28 Sep 2020
  • Tempers flare as banks vie for EU bond glory

    The delayed launch of the European Commission’s vast funding programme has thrown bond bankers into a fever of anticipation. The immense prestige of a programme of such international importance, as well as the sizeable fees to be won, means they are under huge pressure to develop strong relationships with the EC and win mandates. Some are beginning to vent frustration.

    • 24 Sep 2020
  • US big beasts dominate UK broking with different styles

    JP Morgan and Morgan Stanley’s positions at the top of the UK corporate broking rankings have undoubtedly helped their equity capital markets businesses, but Goldman Sachs stands out for its disruptive approach, writes David Rothnie.

    • 24 Sep 2020
  • European banks seek to shorten standard loan maturity to three years

    The standard maturity for European investment grade corporate loans has been reduced from five years to three in the wake of the coronavirus crisis, and senior lenders say they are eager to try and maintain the new shorter maturity.

    • 24 Sep 2020
  • Iosco warns of regulatory action over DCM mandate pressure

    Banks may be using their lending relationships with companies to press them into granting bond mandates, the International Organisation of Securities Commissions has warned. This follows the UK Financial Conduct Authority's remarks about similar pressure for equity mandates in April.

    • 23 Sep 2020
  • Credit Suisse-UBS merger would make investment banking sense

    If UBS’s reported exploration of a merger with Credit Suisse actually leads to a tie-up at some point, it would create a formidable European investment bank.

    • 17 Sep 2020
  • Credit Suisse launches private credit venture

    Credit Suisse has teamed up with its biggest shareholder to launch a private credit lending platform, bringing to fruition a plan that been beset by delays and high profile departures.

    • 17 Sep 2020
  • Job loss fears rampant as pandemic pummels corporate debt volumes

    Despite the financing that two jumbo acquisitions revealed this week would require, loans bankers fear that with no end to the coronavirus pandemic in sight and entire industries reeling from the fallout of lockdown, their jobs will soon be on the line. Mariam Meskin and Mike Turner report.

    • 17 Sep 2020
  • TD Securities sets up sustainable finance group

    Amy West has been named global head of a new sustainable finance and corporate transitions group at TD Securities, which becomes the latest bank to launch a new unit working in this area.

    • 17 Sep 2020
  • RBC looks for another lift after 10 year build

    RBC Capital Markets’ expansion in European investment banking came in the aftermath of the global financial crisis. A decade on, the coronavirus pandemic has presented it with a very different set of challenges.

    • 17 Sep 2020
  • Goodwill towards bank M&A has misrepresented badwill

    An accounting practice called badwill is central to debates about European bank M&A — but it probably should not be, as it leads to some confusing rhetoric.

    • 16 Sep 2020
  • Mizuho beefs up convertibles team

    Andy Bourne and Ross Webster have arrived at Mizuho International to work on convertible bonds.

    • 15 Sep 2020
  • Profitability fears could drive further bank tie-ups

    More European banks may see benefits to merging with each other as the coronavirus crisis damages profitability and the European Central Bank appears more positive on tie-ups. However, cross-border M&A is likely to remain difficult to execute.

    • 14 Sep 2020
  • Deutsche IB head ‘vindicated’ as ECM mandates continue

    A year on from the closure of its flow equity trading business, Deutsche Bank’s investment bank is back in a bullish mood after performing well during the first stage of the coronavirus crisis.

    • 10 Sep 2020
  • Bhoma and Parsons move up at Liberum

    Boutique firm Liberum has picked David Parsons as executive chairman and Bidhi Bhoma as chief executive, as founder Shane Le Prevost, who previously held both those positions, is stepping down.

    • 10 Sep 2020
  • CaixaBank and Bankia merger to start sector consolidation

    Bankia and CaixaBank have opened a new chapter in Spanish bank consolidation, having announced that they are undergoing preliminary discussions about a merger. Analysts welcomed the development and believe that it will mark an important test for consolidation in the Spanish banking sector.

    • 04 Sep 2020
  • HSBC wants to take mid-market push beyond UK

    HSBC might be in the middle of a big restructuring, but that isn’t stopping plans to develop mid-market M&A efforts in France, Germany and Asia as well as the UK, writes David Rothnie. The bank has also bolstered its teams covering specific sectors.

    • 03 Sep 2020
  • Mortlock to step up at Berenberg

    From next year, Berenberg’s investment bank boss David Mortlock will take over management of the overall bank alongside Christian Kühn and Hendrik Riehmer.

    • 01 Sep 2020