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Bank Strategy

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M&A in 2026: time to summon up the blood


Citi comes in second to JP Morgan for CEEMEA syndicated benchmark business
The US bank has won more market share in European IB than its rivals after overhauling its leadership and doubling down in the region’s biggest markets
The US bank has emerged from its restructuring to record impressive market share gains following a reboot of its financial sponsor and leveraged finance businesses
The likely bonus calendar for the Street, expectations and why it all matters
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  • Jefferies' drive to build its EMEA emerging markets business took another step forward this week, with the hiring of two research analysts, supporting a trading business that's been put together over the past two years. The US bank is rumoured to have its eyes on the primary markets next.
  • Barclays had hired an equity capital markets banker from Goldman Sachs to expand its corporate broking team.
  • SRI
    Natixis has launched a report on how issuers and investors can use the UN’s sustainable development goals, discussing topics such as the importance of location and how firms record their contribution.
  • Ebbing support, and an already shifting management team paved the way for Christian Meissner’s departure, but he leaves an investment banking unit that is in good shape, writes David Rothnie.
  • Andrea Orcel, former chief executive of UBS Investment Bank, has been named Santander’s group CEO from early 2019. It’s the ultimate client-side move for Europe’s top FIG banker.
  • The authors of the controversial mutiny memo at HSBC have understandable frustrations, but their tactics leave something to be desired. The bank’s new chief executive will have to take their concerns seriously and act to restore confidence, but cannot manage HSBC on the basis of anonymous comments about its senior executives. If corporate finance at the bank does need fixing, this will have to wait.