Gareth Gore is an associate editor at IFR, where he writes about global capital markets across asset classes. He has published pieces ranging from the fallout from Russian sanctions, to Greek bank’s attempts at rehabilitation, and the resurgence of US shale producers. Before that, he ran the People & Markets coverage at IFR for five years. Previously, he was a correspondent at Bloomberg News in Madrid, where he wrote about the country's boom and bust.
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Three years after the prospect of huge deals from Saudi Aramco first prompted a mad dash into Saudi Arabia by every major investment bank, all keen to win a small piece of the enormous fees associated with such transactions, the state-owned oil giant has finally made its market debut.
The ECB gave Banco Popular the green light to proceed with its ill-fated capital raise in 2016 despite being in possession of evidence that indicated serious financial irregularities in the Spanish lender’s accounts, according to a confidential ECB report seen by IFR.
Equity capital markets bankers will be glad to see the back of the first quarter, which will go down as the industry’s worst start to the year since the global financial crisis, as a government shutdown in the US and poor market conditions led to deal after deal being delayed, cancelled or downsized.