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Banks welcome UK’s relaxed prospectus rules as IPO pipeline swells
Originator hired to go after bank bond issues in euros and dollars
With Sergio Ermotti set to step down as group CEO, chairman Colm Kelleher favours an orderly, internal succession. But in a critical year for the bank, there could be turbulence ahead
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UniCredit has hired Pedro Fernández de Santaella as head of CIB for Iberia, at the same time as it opens a branch in Spain.
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Citi has shaken up its UK management as it tries to address underperformance in Europe’s biggest investment banking market, writes David Rothnie.
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The Barclays board this week ejected chief executive Antony Jenkins amid concerns that Barclays is not delivering fast enough growth. John McFarlane, who came in as chairman in April, has taken over as executive chairman while the bank searches for a new CEO.
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Citi has promoted Michael Lavelle, head of EMEA capital markets origination, to head of UK and Ireland Corporate and Investment Banking and vice chairman of EMEA corporate and investment banking.
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Investment banking fees from private equity and loans are down drastically on the year, as the M&A wallet shifts to lean more on strategic acquirers.
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New Deutsche Bank chief executive John Cryan leaned heavily on Deutsche’s conduct problems in his first day message to staff, as the German bank anticipates more damage to its capital base from fines.