Gareth Gore is an associate editor at IFR, where he heads the global people and markets coverage. Since joining the magazine in 2009, he has written extensively on the eurozone crisis, sovereign debt, banking regulation and the international capital markets. He previously worked as a Madrid-based correspondent for Bloomberg, and has also worked for Risk magazine.
- +44 (0) 20 7542 4279
The European Central Bank will buy €60bn of debt a month under an expanded asset purchase programme designed to shake the eurozone out of six years of economic stagnation and push banks into selling bond holdings so they can use the cash to lend.
BNP Paribas is merging its loan and bond origination operations and will create a separate corporate debt platform as part of wider changes to its corporate and institutional banking unit brought by new head Yann Gerardin, according to sources.
Investment banks have had to tear up decades-old strategies and rethink their purpose since the financial crisis. Their leaders tell IFR about the shape they are in now, what they think will happen next, and what the industry will look like after all the upheaval.