13 Jan 2021
A number of top staff at Natixis s corporate and investment banking division have started new jobs, the latest moves in a bout of seat hopping at the top table in this part of the bank. Alain Gallois (pictured), who was appointed global head of investment banking under a year ago, moves to become global head of coverage and head of Europe, the Middle East and Africa, excluding France. He reports to Anne-Christine Champion and Mohamed Kallala, the new co-heads of corporate and
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By Burhan Khadbai, Jasper Cox
17 Dec 2020
European left-wing politicians have called on the European Central Bank to cancel government bonds it has bought, to help countries suffering in the aftermath of the coronavirus crisis. But analysts believe this move would create a lot of political pain and little economic gain.
The proposal has an obvious appeal: if the ECB forgave the debts owed to it, no one would appear to lose money. Governments would have part of their debts wiped away, giving them more leeway to spend money on public services and stimulate their economies.But sceptics argue that
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14 Dec 2020
The lack of clarity over whether the UK and the EU will clinch a trade deal before the end of the year also makes it harder for those in financial markets to know whether equivalence decisions will be granted for the trading obligations for derivatives (DTO) and shares (STO). Ahead of the December 31 expiration of the Brexit transition period, the negotiations between the two sides over the trade agreement is what is sucking up most of the attention. However, if such a deal is made, it is thought to be unlikely to deliver much for financial
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ECB debt scrapping idea dismissed as unworkable 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
15 Dec 2020
Credit Suisse s investment bank is well placed for where the market is heading after the coronavirus pandemic, it said on Tuesday at an investor day. Its new global trading solutions (GTS) business unit may be key to future revenue streams.
“Today, we are outlining our ambitious and achievable growth agenda for 2021 and beyond, including broad-based investment initiatives to accelerate growth in our wealth management-related businesses and our investment bank, said Thomas Gottstein, who took over as chief executive of
Credit Suisseearlier this year.In August,
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