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The bank is reducing its reliance on leveraged finance with big ambitions in M&A and ECM
US independent advisory firm is challenging Goldman Sachs at the top of the UK M&A rankings. Is it individual brilliance or luck?
US broker has opened office in Milan, Stockholm will be next
Suspension of managing partners has shaken the bank — and Germany — to the core
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Credit Suisse has reported a strong end to last year for fixed income sales and trading, in chief executive Tidjane Thiam’s last week in the job.
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Investec has furthered its push in corporate finance with five new hires. It continues to win new UK broking mandates.
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Wells Fargo has reorganised its group structure, including hiving out its corporate and investment bank as a separate business line and giving it a new leader.
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Credit Suisse’s outgoing chief executive Tidjane Thiam thought he could win the power struggle against chairman Urs Rohner but he overlooked the real power broker — Severin Schwan.
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Natixis, one of the investment banks that has gone furthest to prioritise greener financing, had to ramp up its provisions for credit loss from US natural gas producers in the fourth quarter, pointing to “structural transformation” in the sector. But it told GlobalCapital that it still saw opportunity in the industry.
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The departure of Tidjane Thiam as chief executive of Credit Suisse on Friday caused the bank’s share price to fall, but analysts believe the firm’s strategy is likely to remain largely unchanged.