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Corporate broking relationships endure for decades and build deep roots between both individuals and institutions, enabling banks to win outsized revenues from clients they serve. No wonder that a new crop of banks are expanding their ambitions
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
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For anyone who works outside the rarefied world of financial markets, Markit might sound like something an errant tomcat gets up to. But after listing his company for $1.5bn on Nasdaq in June just eleven years after founding it in his garden, CEO Lance Uggla is unlikely to be suffering much angst about his choice of name.
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The Financial Stability Board, which is chaired by Bank of England Governor, Mark Carney, has offered its thoughts on the final round of new bank capital requirements — Total Loss Absorbing Capacity, or TLAC. This capital measure includes gone-concern capital, which absorbs losses once a bank has collapsed, protecting depositors and taxpayers, as well as existing going concern capital such as equity and additional tier one. -
BNP Paribas’s traditional strength in fixed income paid off in its third quarter numbers, as the return of volatility in September allowed it to turn in a solid performance in FX and rates. Meanwhile French rival Société Générale had a tougher quarter thanks to sliding equity volumes, though it still reported strength in its market-leading equity derivatives business.
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The European Central Bank took over direct supervision of the eurozone’s largest banks on Tuesday, a big step forward for what is already a powerful institution — and likely to be a force to be reckoned with for banks in its charge.
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A revamp of the leadership of Credit Suisse’s investment bank has led many to believe that a succession plan is emerging. That’s not the case, argues David Rothnie.
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ANZ has moved to strengthen its China franchise by appointing a senior banker from Bank of America Merrill Lynch as its new CEO of China and head of Greater China. Huang Xiaoguang joins in January 2015 and will report to Farhan Faruqui, CEO of international banking.
