Alice Gledhill is a reporter covering bank and insurance debt with a focus on the primary market. She also writes regularly about banking regulation. She joined IFR and IFR Markets in 2014.
Intesa Sanpaolo is on track to cut its liabilities by more than €10bn by the end of the first half, its chief executive said on Tuesday, one lever at the bank’s disposal to reduce the pressure on its net interest income.
HSBC’s Additional Tier 1 debt is trading at its tightest in more than a year, which combined with Friday’s strong first quarter results could offer a decent springboard into the primary market.
Deutsche Bank cut its 2019 issuance target by €5bn just days after its decision to rule out a potential tie-up with Commerzbank sent its funding costs higher.