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A selection of the clever, funny and weird to keep your mind sharp over the new year break
European and high yield chiefs to take the reins
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The lengthy complaint about HSBC management drafted, purportedly, by investment bankers within the firm must be taken seriously and investigated, if its new CEO John Flint wants to win the confidence of the rest of the staff and shareholders.
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Koos Timmermans, the outgoing chief financial officer of Dutch bank ING, will be stepping down from his role as the chairman of the working group on euro risk-free rates, according to a European Central Bank (ECB) spokesperson. -
Banks, including Credit Suisse and JP Morgan, are working to create tokenised versions of traditional securities and fiat currencies, in order to allow clients to trade them via distributed ledger systems.
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Credit Suisse has for decades called first place in Swiss franc bonds its own. But as the fourth quarter approaches, arch-rival UBS is defending a potentially insurmountable lead over its sparring partner, thanks largely to its success bringing Canadian and Korean borrowers to the market this year.
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The International Finance Corp has promoted internally to appoint a deputy treasurer based in London.
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HSBC Securities Services has appointed two global co-heads — one of them a well-known figure in the debt capital markets.
