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Credit Suisse’s plan to launch a private credit opportunities fund has been undermined by a spying scandal, the departure of Jim Amine, and Covid-19, writes David Rothnie.

Nick Darrant, JP Morgan's head of CEEMEA debt capital markets syndicate, is leaving the bank after five years to join Citigroup as co-head of EMEA syndicate.

After the coronavirus crisis, new patterns of work and travel are expected to change the nature of financial hubs such as London. However, Michael Mainelli, one of the sheriffs of the City of London, says that the UK capital is well placed to remain an attractive location for business.

What is the significance of the agreement between German chancellor Angela Merkel and French President Emmanuel Macron on a European recovery package, funded through EU debt? GlobalCapital discussed it with Shahin Vallée, a senior fellow at the German Council on Foreign Relations (DGAP) and previously an economic adviser to Macron when he was France’s economy minister.

Banks want to position themselves as ahead of the curve on sustainability. They are among the most sophisticated, well resourced, IT-savvy organisations in the world. Why can't they work out the carbon footprints of their portfolios?

Citigroup has established a new sustainability and corporate transitions group as part of its global banking, capital markets and advisory business.

Loans bankers are puzzled by a probe by the UK's Financial Conduct Authority into whether banks attached improper conditions to loans to companies during the coronavirus crisis. They are concerned the FCA could edge into criticism of the system of bank-client relationships that underpin modern corporate finance, and some believe this is already having an influence on how companies think about mandates.

France and Germany have come together to support a €500bn EU recovery fund to be financed through European Commission debt issuance. Observers believe that the decision was likely encouraged by the German Federal Constitutional Court’s (BVG) recent verdict on the ECB’s quantitative easing programme.

JP Morgan has announced a restructuring of its equity capital markets team, after a solid start to 2020.

JP Morgan announced a new set of leaders for its underwriting, coverage and M&A business on Monday, following a series of promotions in February.

Tim Hoffmeister has taken up senior positions in an M&A advisory firm and a management consultancy in Germany.

Private creditors are working on ways to take part in the agreement to offer debt relief to the world’s 73 poorest countries granted under a deal negotiated by the Group of 20 countries.