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Barclays put a senior medium term note banker at risk of redundancy on Friday. The bank will hand the reins of its MTN business to a more junior banker in its Paris office.
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Hong Kong got a blow from Moody’s on Monday after the agency downgraded the special administrative region’s rating to Aa3 from Aa2, largely because of the lack of an effective response from the government to months of volatility. Rashmi Kumar reports.
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GlobalCapital understands that Commerzbank has ended its primary dealership with the Netherlands, where it was a market maker for Dutch bills.
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Tim Metzgen is leading a new European debt advisory franchise at Alvarez & Marsal.
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A research paper published on Monday by the Bank for International Settlements sets out how grave the peril of climate change is. It asserts the necessity of central banks grasping this problem as central to their responsibilities — but also admits that they will be unable to “preserve financial stability in the age of climate change”.
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Martin Weber, a former managing director at Goldman Sachs, has joined a boutique emerging markets-focused investment bank in Dubai.