Investment Banking
Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout
Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.
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.
Weekly Global News Wrap: Wells Fargo slimming down mortgage business; Swiss central bank reports biggest annual loss ever
And US banks expected to report lower earnings as they brace for economic slowdown.
Weekly Global News Wrap: Cash use down to 15% of British shopping transactions; Goldman Sachs to cut senior bonuses
And Credit Suisse closes $4.25b capital raising.
DBS Hong Kong names Wallace Nam as head of institutional banking
Prior to joining DBS, Nam served various leadership roles in HSBC.
Weekly Global News Wrap: Goldman Sachs promotes 80 bankers to partners; Citi to buy Deutsche Bank's Mexican license
And Sweden's central bank encourages banks to moderate dividends.
Standard Chartered taps ex-Citi head of markets as global head of international banking
James Lye will begin his role on 1 November.
JP Morgan names India corporate banking head as interim India CEO
PD Singh has served as corporate banking head since 2021.