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  • Barclays: finding heads for spikes

    The charging of four Barclays executives and the group itself on Tuesday after a UK Serious Fraud Office (SFO) investigation might, at last, satisfy the public desire to see bankers banged up. But it’s hard to see what else it will achieve.

    • 20 Jun 2017

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GlobalCapital Leader

  • IPOs: stirred, but not shaken

    It wouldn't be a proper IPO season without a few duds.

    • 22 Jun 2017
  • Green market doesn't need govvies

    Market participants are clamouring for sovereigns to join France and enter the green bond market. It would likely help the market, but would it help the environment?

    • 22 Jun 2017

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Southpaw

Southpaw logo
by David Rothnie
  • Kepler Cheuvreux gains another convert in ECM mission

    Kepler Cheuvreux has welcomed Swedbank into its European ECM fold as it continues to face off against global investment banks. It has created a model that is tough for others to replicate, writes David Rothnie.

    • 22 Jun 2017

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Old Money

by Prof Richard Roberts 
  • Old Money: Glass-Steagall – new and old

    Talk of a ‘21st Century Glass-Steagall’ is swirling around Washington and Wall Street. What this might mean in practice is hazy, but the phrase Glass-Steagall is plainly a powerful political talisman.

    • 07 Jun 2017

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Clawback


by Philippe Espinasse
  • Year of the dragon

    Just as the country’s prime minister, Nguyen Xuan Phuc, met with Donald Trump on a US tour, Vietnam’s equity capital markets were repeatedly in the news over the last few weeks, with a flurry of IPOs and new listings, heralding that issuers there may finally be coming of age, writes columnist Philippe Espinasse.

    • 06 Jun 2017

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P&M Notebook

  • P&M Notebook: national champions

    Different countries treat their banks differently, but rarely has that been clearer than last week. The week closed with Italy agreeing to hand Intesa a fat cheque, a free option and state blessing to consolidate its hold on the banking system. The UK, though, started criminal prosecution of its own ‘national champion’, with the Serious Fraud Office unveiling its fraud allegations against Barclays.

    • 26 Jun 2017

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The FIG Idea

  • The FIG Idea: assume the recovery position

    When Banco Popular lost the market's confidence, it ran out of road. Realistic assumptions for recovery rates on bad assets plunged to super-conservative levels. Confidence is the greatest form of solvency, its withdrawal a precursor to insolvency.

    • 22 Jun 2017
  • Close encounters with a third kind (of capital)

    Soon, banks will have more TLAC and MREL than equity. The new bond classes are a immensely important part of the financial structure of a bank, but the risks to investors aren’t yet clear. Just how will this alien new instrument class behave — or misbehave?

    • 01 Jun 2017
  • The FIG Idea: Dear Santa

    What's on a bank CFO's Christmas list

    • 15 Dec 2016
  • The FIG Idea: stress to impress

    On the surface, stress tests seem arcane and disconnected from reality. Perhaps they are, but they’re an increasingly important tool for bank regulators around the world.

    • 01 Dec 2016

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MTN Leak Table

  • MTN Leaks: Heat-raves

    From the cobbled streets by a Mayfair tavern, to a breezy rooftop at one of London’s most prestigious hotels — there was plenty of schmoozing and boozing to be had this week.

    • 22 Jun 2017
  • MTN Leak: A Peruvian fiesta

    Leak went from dining with Santander's “Latin Kings” last week to trying the new branch of Peruvian restaurant Coya in the City with some of the peeps from TD Securities.

    • 15 Jun 2017
  • MTN Leak: Tales from Don Smit-xote

    Leak had the pleasure of dining with Santander in one of London’s most authentic Spanish restaurants — a fitting setting for some stories from the self-styled “Latin Kings” of MTNs.

    • 08 Jun 2017
  • MTN Leak: The return of Leakjonsson

    As the MTN world's social calendar begins to fill up once again, one event in particular stood out from the rest — this year’s Discover Iceland.

    • 01 Jun 2017

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The Pained Trader

  • The Pained Trader: Start me up

    The Pained Trader ‘enjoys’ welcome drinks with a new set of colleagues.

    • 22 Jun 2017
  • The Pained Trader: homo venditatio-mercator

    Making the most of my last days of freedom before reincarceration at the Salvation Bank Penitentiary for the Rehabilitation of the Impenitent, I received news of the UK election as I was crossing the border from Montenegro into Albania.

    • 15 Jun 2017
  • The Pained Trader: Nothing personal

    Almost D-day then. Not the commemoration of unforgettable bravery and selflessness on the the Normandy beaches, you understand, but The Day of Despair more commonly known as Return To Work. I feel like an ex-con who, having violated the terms of his probation, has been hauled off back to the slammer by the parole board to serve out the remainder of a life sentence for a crime which I did not commit.

    • 08 Jun 2017

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Jun 2017
1 Citi 206,449.53 755 8.84%
2 JPMorgan 192,919.68 823 8.26%
3 Bank of America Merrill Lynch 175,174.46 602 7.50%
4 Barclays 144,195.77 526 6.17%
5 Goldman Sachs 139,497.22 445 5.97%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 Deutsche Bank 23,530.61 67 7.96%
2 HSBC 20,994.25 74 7.11%
3 Bank of America Merrill Lynch 20,490.14 49 6.93%
4 Credit Agricole CIB 15,076.29 72 5.10%
5 BNP Paribas 14,834.05 81 5.02%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 JPMorgan 10,673.78 46 8.06%
2 Citi 9,632.20 60 7.28%
3 Goldman Sachs 9,310.79 46 7.03%
4 UBS 9,230.61 36 6.97%
5 Morgan Stanley 8,508.94 46 6.43%