Bank of America

Monte dei Paschi di Siena has begun a turnaround plan involving a €2.5bn recapitalisation backed by the Italian government

After a sharp slump in corporate finance revenues, investment banks are facing an uncertain second half of the year. If previous downturns are a guide, job cuts will be inevitable before a new market reality emerges to trigger the next wave of capital markets and M&A activity. By David Rothnie

Cloud development platform ropes in ECM heavy hitters for small deal of up to $21m

Issuer attracts €32bn of demand in encouraging sign for other borrowers

BeerCo tests investor appetite about two months after shelving deal

Italian energy group will need to accept lower valuation to push forward with green transition

Both issuers needed to settle for static spreads that offered chunky concessions

The Korean electricity company got solid support from investors keen to put their money to use

US conditions were brighter after Memorial Day holiday

Investors still favouring liquidity, but smaller issuers can get deals done

The co-head of corporate broking at Royal Bank of Canada capital markets has quit to join Bank of America

Investors gobble up green deal despite it being more expensive than shorter debt from same issuer