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Bank Strategy

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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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  • Nomura has cut at least 20 people from its credit trading business, according to two sources outside the bank, with the high yield business hit particularly hard.
  • This November would mark three years since Australia’s Westpac strengthened its foray into India, with the opening of a branch in Mumbai. With an eight year presence in India under its belt, the bank is keen to develop relationships and offer more of its capabilities in trade finance, structured commodity finance and other products.
  • Barclays' investment bank is putting up the numbers for a new chairman who seems more supportive of the strategy than the ousted Antony Jenkins, writes David Rothnie.
  • HSBC’s strength in Asia paid off in the first half of the year, with the equity markets business flying on the back of intense volatility across Asian bourses and the ramp up of Stock Connect. The bank’s restructuring also swung into life, with the sale of its Brazil unit and $50bn of RWAs cut from the investment bank.
  • Royal Bank of Scotland (RBS) has made its Singapore and Hong Kong bond teams redundant as it continues to carry out a restructuring that will substantially reduce its presence in Asia.
  • Boutique investment bank Oppenheimer & Co has started a European debt capital markets operation, with the hire of two managing directors from KNG Securities.