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US-Iran war clouds worldwide outlook
State-owned bank Spuerkeess has not indicated when it will issue its first bond
ESG issuance will not disappear and some of the decline is due to market volatility
JP Morgan overtakes HSBC to go top for the region
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Strong volumes at the start of the year and an easy comparison quarter have meant the US banks have posted stonking sets of investment banking numbers in their first quarter reporting. Goldman’s trading numbers may have disappointed, but broader business is booming on Wall Street.
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Evercore plans to open a Dubai office early in the second quarter of this year, following its hire of Waleed El-Amir, former group funding head at UniCredit, as senior adviser for the Middle East, Africa and Turkey.
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The lawsuits over alleged manipulation of the SSA market have spread further, with more dealers and individuals named in a court filing. Citi, HSBC, RBC and TD Bank have now been added, as well as Bank of America, Crédit Agricole, Credit Suisse, Deutsche Bank and Nomura. The suit also draws in the new issue market, alleging that the traders were able to front-run new issues yet to be announced or in book-building.
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In a blow to the Singapore Exchange’s (SGX) dual-class aspirations, an investor group has voiced its opposition to the bourse’s plan to allow weighted voting rights, saying it could “threaten” the quality of the equity market.
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China’s National Development and Reform Commission (NDRC) has approved a second batch of 11 firms as part of a pilot programme which allows them to choose a funding window in the international debt market without needing the regulator’s blessing.
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China’s National Development and Reform Commission (NDRC) announced a second batch of 11 firms as part of a pilot programme, which allows firms to choose their funding windows in the international debt market without needing to seek the regulator’s blessing.