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GC Asia
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Credit business shines as HSBC vows to speed up change
HSBC's credit and equities business lines were the standout performers in the global banking and markets division (GBM) in the third quarter, the bank's results showed on Tuesday. Meanwhile, group chief executive Noel Quinn said the firm was adapting its business model to chronic low interest rates.
27 Oct 2020 -
BCS hires former Sberbank tech officer to lead IB operations
BCS Global Markets, the investment services division of Russia’s largest independent broker, has hired Vadim Kotov as the new chief operations officer for its investment banking business.
26 Oct 2020 -
Covid-19 equity raises could be subject of litigation
Companies raising equity in the UK this year — amid a very uncertain outlook for business prospects — may risk opening themselves up to claims related to the information they disclose or do not disclose, according to lawyers at Herbert Smith Freehills.
26 Oct 2020 -
PrimaryBid completes $50m private raise amid retail equity surge
PrimaryBid, a company that provides retail investors with a means to take part in primary equity capital raises, has completed a $50m Series B financing round to expand its international business.
26 Oct 2020 -
Barclays boasts of share gains in markets
Barclays enjoyed a record quarter in equities, but in its advisory and equity capital markets it lagged behind competitors, it showed in third quarter results on Friday.
23 Oct 2020 -
People moves in brief
Makinson Cowell joins Lazard — Vikas Seth moves into vice-chairman role at HSBC — Fernando Vicario picked as CEO of BofA's EU bank
22 Oct 2020 -
Advisory shop moves over from KPMG to Lazard
Makinson Cowell, a company that advises on equity capital markets and investor relations, has joined Lazard, in a move that the investment bank says strengthens its UK financial advisory business.
22 Oct 2020 -
UBS IB benefits from leveraged capital markets, IP sale
UBS's investment bank beat analyst consensus as capital markets revenue was up sharply year-on-year, while a sale of intellectual property rights resulted in a one-off gain, the bank showed in third quarter results on Tuesday.
20 Oct 2020 -
HSBC financed climate laggards weeks before net zero target
HSBC provided $1.8bn of financing to high carbon companies including Kepco, which is developing new coal plants, in just five deals in the past four months, as it prepared to announce its “net zero ambition” on October 9, an NGO has alleged.
16 Oct 2020 -
Panmure Gordon hires Shields for real estate
Philip Shields is joining Panmure Gordon's investment banking team to lead real estate.
16 Oct 2020
