Investment Banking
Weekly Global News Wrap: Grupo Mexico closing in on $7b Citi Banamex deal; Bank of America opens Luxembourg branch
And Credit Suisse CEO to join UBS board once deal is completed.
Weekly Global News Wrap: Grupo Mexico closing in on $7b Citi Banamex deal; Bank of America opens Luxembourg branch
And Credit Suisse CEO to join UBS board once deal is completed.
BOCHK welcomes Swap Connect launch
The scheme would propel participation from investors and accelerate RMB internationalisation.
Wealth management industry challenged to rear investors to safe-haven assets
StashAway says 80% of affluent clients are receptive to receiving advisory services from AI and other digital channels.
Goldman Sachs shareholders call for bank to release net zero transition plan
The resolution is reportedly supported by 30% of shareholders.
DBS India launches investment solutions in online platform
The platform is powered by Morningstar.
Sergio Ermotti returns as UBS CEO
The UBS board says his experience is ideal to manage the Credit Suisse acquisition.
Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout
Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.
Credit Suisse’s AT1 debt write down to raise market prices for new issuances
This could hamper issuance of new AT1 in the future.
UBS buys Credit Suisse in “emergency rescue”
The $3.2b acquisition has the full support of Swiss financial regulators, UBS said.
Weekly Global News Wrap: Nomura cuts entertainment budget; crypto bank Silvergate closes down
And Bank of America CEO says he and the bank are “capitalist” as anti-ESG critics gain steam.
Beijing’s China Renaissance said missing chairman assisting PRC authorities
Bao Fan was first reported missing on 16 February.
Citi named sole arranger of CABEI’s 10-year JPY7b and 10-year US$130m ESG bonds
The bonds will be issued to Japanese and Taiwanese investors, respectively.
Natixis CIB names Cécile De Sousa as APAC COO
De Sousa will focus on developing domains of merging tech for the bank.
Weekly Global News Wrap: BNP Paribas vows to slash oil lending; Bank of America employees awarded restricted stock
And Barclays names ex-Credit Suisse dealmaker as head of investment banking.
China overseas loan commitments dwindle as firms adapt “small is beautiful” approach
Only 28 new loan commitments were recorded in 2020 and 2021.
Weekly Global News Wrap: Credit Suisse to cut 10% OF EU investment bankers; BOE skeptical over digital pound
And Spain’s BBVA says it will exceed 2021 dividend.
Banks must amp up management of nature risks in net zero policies: WWF
Science-based decarbonisation targets must be set to improve their energy sector portfolios.