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Five months in, Alessandro Melzi is getting started on the plan, but his boss is about to change
The launch of a €35bn exchange offer for Germany’s Commerzbank marks a decisive attempt to break a stalemate that has frustrated Andrea Orcel in his quest to turn UniCredit into a pan-European banking champion
Bank strives for ‘complete global offering’ in M&A and ECM but market conditions hang in the balance
‘New kid on the block’ disrupts established order with lead role on Schroders takeover
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S&P Global Ratings is expecting to get regulatory approval to set up in China as early as next month, a source familiar with the application process told GlobalRMB.
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HSBC recorded better profitability and higher revenues at the group level for the first nine months of 2018, with Asia continuing to play a key role. But the bank’s global markets business took a hit.
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Mizuho International said this week that LSE Group’s Suneel Bakhshi will take over as president and chief executive, with Michiel de Jong stepping down after six years in the role.
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Another poor set of results from Deutsche Bank left analysts wondering if radical reforms announced earlier this year will be enough to stop the bank’s slide.
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Pietro Novelli, the new co-head of UBS Investment Bank, defended the co-head structure the firm opted for following the departure of Andrea Orcel to run Santander, against the charge from one analyst that "dual leadership never works".
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Barclays announced this week that it is calling $2.65bn of retail preference shares. The bank said it is redeeming the instrument now, several years after the first call date, due to confidence in its capital position.