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Lake leaves bank, Rohrbaugh moved to get retail experience
The extra scrutiny that comes with working on the most visible, public and largest deals would give even the Stoics something to scratch their heads about.
New equity capital markets talent and Bernstein joint venture have helped Société Générale win eye-catching mandates. Next, it will expand sector teams
Italian investment bank has retained its focus since its takeover by Banca Monte dei Paschi. Now with two suitors for MPS, it is set for more upheaval
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Lloyds has combined its corporate DCM and financial institutions DCM operations in a single division, run by David Carmalt, former head of financial institutions DCM. Guillaume Fleuti, who headed corporate DCM, will run a new combined infrastructure group at the bank.
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Natixis has continued the rapid expansion of its mergers and acquisitions business with the purchase of a stake in three independent advisory boutiques.
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Société Générale said on Wednesday that Didier Valet, deputy chief executive of the bank and former head of CIB, would be leaving the group — a move driven by US authorities' investigation into the manipulation of Libor.
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The botched succession to the chief executive seat is un-Goldmanlike, and the firm must provide more clarity if it is to stay focused on its expansion plans and not cede the initiative to its rivals, writes David Rothnie.
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The EU’s lenient treatment of the IFRS 9 accounting rules has opened a loophole for Italian banks — allowing them to push through punishing provisions on their NPL portfolios, but wish away the impact on their regulatory capital — which could save the weakest banks from turning to shareholders for more cash, and speed up portfolio sales.
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Swiss private bank Reyl & Cie illustrated the growing fusion between wealth management and traditional capital markets investment banking with its decision to hire Ante Razmilovic to launch a new securitization business.