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Standard Chartered has launched an apprenticeship programme that is open to school leavers without academic qualifications as it seeks to bring more diversity to financial markets.

US-style Spac IPOs will soon be possible on the London Stock Exchange following a review by the Financial Conduct Authority, although the changes come at a time when the vehicles have fallen increasingly out of favour with investors.

SMBC has beefed up its coverage of the technology sector with the addition of two senior bankers in San Francisco who previously worked together at HSBC.

Crédit Agricole has hired the former head of Santander's global banking and corporate finance business, Georg Orssich, in a regional management position.

Barclays has elevated Jean Francois (JF) Astier and John Miller to co-heads of investment banking as part of a raft of promotions in New York that also include the appointments of Kristin Roth DeClark and Taylor Wright as global co-heads of capital markets.

The European Commission will have completed a legislative proposal for the finalisation of Basel III by early October, according to a new agenda published this week.

Barclays has promoted from within to fill the role of head of investment banking for continental Europe that has been vacant since Carlo Calabria left earlier this year to concentrate on a special purpose acquisition company.

Reinout Böttcher is leaving UBS, where he was head of global banking for Switzerland, for a vice-chair role at JP Morgan in Zurich.

Charlotte Weir is leaving Barclays after more than 20 years with the firm, most recently as head of corporate debt capital markets in EMEA, for a job at another bank in London.

Credit Suisse has filled six roles in its sustainability strategy, advisory and finance (SSAF) group, headed by Marisa Drew, including a global head of net zero strategy.

As Western companies operating in Hong Kong await the details of a warning from the US State Department about the risks of doing business in the special administrative region, analysts say the growing rift between China and the US is putting HSBC in an especially uncomfortable position.

Japan’s Sumitomo Mitsui Financial Group has formed an alliance with Jefferies and is providing the US investment bank with capital to pursue its ambitions in leveraged finance.