Commerz to be choosy in ECM and M&A offering globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.
By Jasper Cox
03 Feb 2021
Nomura said that net revenues in its investment banking business for the last three months of 2020 were the highest in nine years. Yet while it was a good quarter overall for the firm s wholesale business, revenue fell year on year in Europe, the Middle East and Africa. Investment banking revenue came in at ¥35.6bn ($339m), up 35% year on year, and the strongest performance since the last three months of 2011, the bank said, driven by Japan industrial realignment and business reorganisations, cross-border M&A deals and mandates for public offerings and secondary stock offerings mainly
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By Jasper Cox
26 Jan 2021
UBS, the first major European investment bank to report fourth quarter results, smashed through expectations in global banking, with that part of its business benefiting from equity capital markets revenue more than doubling year-on-year.
Maria Rivas, analyst at DBRS Morningstar, noted that in the last quarter of both 2019 and 2018,
UBS s investment bank registered a loss before tax: this year it made $529m, it showed in its results on Tuesday. Results were supported by strong revenue growth in equity derivatives
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ECM surge helps UBS as market awaits Hamers update globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.
By Jasper Cox
22 Jan 2021
This week in Keeping Tabs: disagreement over stimulus in the US, a treat for the end of Trump, and how people present their backgrounds.
Last week
Keeping Tabs noted Joe Biden s stimulus plan. But in a week of much talk about the need for unity in US politics as Biden was inaugurated as president, there s little evidence of a bipartisan unified spirit spreading to policy debates. The Senate GOP says Biden’s proposal spends too much money and comes too soon on the heels of Congress’ $900bn stimulus package from last month, writes Burgess Everett for