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The European Commission will meet with governments and industry this month to flesh out a plan for how to deal with a build-up of bad loans on bank balance sheets. -
MEPs have asked the European Commission to come up with a legislative proposal for a new class of bank debt, known as ‘European Secured Notes’, as they push the executive to fast track its work on establishing a Capital Markets Union.
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Michael Corbat is to retire from Citigroup in February, and Jane Fraser will step up as chief executive.
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A year on from the closure of its flow equity trading business, Deutsche Bank’s investment bank is back in a bullish mood after performing well during the first stage of the coronavirus crisis.
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The European bond market has lost none of its charm or interest, said one of its most experienced bankers this week, on the verge of his retirement. Hugh Carter, Commerzbank’s head of credit syndicate, is leaving the bank on September 18.
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The European Banking Authority has confirmed that there are no major legal obstacles preventing issuers from using six month call periods for their regulatory debt instruments.
