GC Asia
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China's central bank keeps LPR unchanged
Contrary to market expectations, the People’s Bank of China kept both the one year and five year loan prime rates (LPRs) unchanged on Monday.
09.15 AM -
ICBC Asia hires two loans bankers from Hang Seng
Industrial and Commercial Bank of China (Asia) has hired two former Hang Seng loans banker to join its global capital finance department in Hong Kong.
17 Jan 2020 -
Investors fight SEC curbs on ESG motions
The latest battle in the campaign to weaken corporate governance standards in the US is being fought over rule changes that would make it harder for investors to propose motions at shareholder meetings. The ‘proxy advisers’ so central to US governance also face new restrictions.
16 Jan 2020 -
Markets must face up to new deadlines for Libor transition
Banks should stop issuing loans and bonds linked to Libor by October, according to the Bank of England’s Working Group on Sterling Risk-Free Reference Rates. But the scale of the challenge facing firms, particularly in the loan market, is causing concern.
16 Jan 2020 -
Palmieri shakes up corp finance at SG
Société Générale has redoubled its commitment to equity capital markets under a new structure designed to ensure it remains a force in investment banking when consolidation comes, writes David Rothnie.
16 Jan 2020 -
LMA to guide banks on how to avoid greenwashing in sustainable loans
The loan market’s trade bodies are preparing to give new guidance about how to ensure sustainability-linked loans — in which borrowers can get a margin reduction if they hit sustainability targets — are genuinely “ambitious”. Bankers want to protect the market from rising concerns that some deals’ terms are too easy on the borrowers.
09 Jan 2020 -
RBC looks to profit amid European blues
RBC Capital Markets is beefing up financial sponsors, aiming to boost its European business during 2020, writes David Rothnie.
09 Jan 2020 -
Barclays takes Oaktree distressed specialist
Xavier Clement has joined Barclays’ European credit trading business, working under another former Bank of America Merrill Lynch banker.
09 Jan 2020 -
RBC poaches from HSBC for levfin
RBC Capital Markets has continued the development of its leveraged finance business by hiring Craig Campbell from HSBC.
08 Jan 2020 -
Mittelhamm switches from Barclays to HSBC for M&A
HSBC Germany has hired Heiko Mittelhamm as head of M&A for Germany and Austria.
07 Jan 2020
