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After hiring stacks of bankers in north America with rich pay packages, Citigroup has switched its attention to Europe. So far, Citi’s chequebook is still wide open
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
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UniCredit’s chief executive, Federico Ghizzoni, has been forced out. There are grumblings about the bank’s low capital levels, high costs, and sprawling strategy, and suggestions that UniCredit needs to sell assets and build capital.
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Deutsche Bank has announced a series of senior changes to its debt capital markets team, including a new head for the financing and solutions group in EMEA and Asia-Pacific, and a new client strategy role for Niels Ackerman, the former EMEA co-head.
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The US investment banking market is the largest and most lucrative in the world, and the most tightly locked down in the hands of domestic firms. But vaulting up the league tables, of late, has been Mizuho — hoping to break down Japanese bank stereotypes in the process.
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Citi is on a mission to win market share in Europe, irrespective of market conditions, writes David Rothnie.
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Crédit Agricole CIB said on Tuesday that it had received approval for a branch in Canada.
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UniCredit and Intesa Sanpaolo both escaped having to deduct the Atlante fund’s rescue of Banca Popolare di Vicenza from their capital. But the firms took very different equity damage from the debut deal, despite each owning a €300m stake. Owen Sanderson reports.