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Bank Strategy

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Reorganisation changes reporting lines
With a top quality management team now able to focus on growth, Wells Fargo could shake up the pecking order in investment banking
Financial institutions dealmaking is at an 18 year high but banking consolidation is elusive
Hire of Anvita Arora for ECM is part of wider plan, says IB chief
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  • Despite a year of turmoil, many bankers have a spring in their step, writes David Rothnie. They are rushing to get involved in the boom in special purpose acquisition companies (Spacs).
  • The former head of global debt capital markets origination at Deutsche Bank has linked up with 40 of his former colleagues to form a capital markets advisory firm very much in the spirit of the times — as a network that operates online — as the coronavirus pandemic forces a rethink of traditional investment banking models.
  • Credit Suisse has hired Bank of America's former investment bank boss Christian Meissner to link its wealth management business with the investment bank.
  • A top-level reshuffle suggests that Barclays chief executive Jes Staley is not going anywhere, but raises fresh questions about whether the bank’s top-five ambitions are achievable, writes David Rothnie.
  • SRI
    The long-awaited Science-Based Targets standard for financial institutions has arrived. It is one of the most ambitious attempts so far to wrest the financial sector from its path towards climate destruction.
  • Barclays has reshuffled management of its corporate and investment bank, making Paul Compton global head of banking and CS Venkatakrishnan global head of markets.