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.
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BNP Paribas has promoted its global head of equities and commodity derivatives Yann Gerardin to head the corporate and investment bank, after Alain Papiasse relinquished day-to-day control to focus on group-level activities – including implementing sweeping changes to its North Ame
Banks took less than a quarter of the funds available to them in the first of the European Central Bank’s long-awaited targeted longer-term refinancing operations, raising concerns that the institution’s latest efforts to reinvigorate lending in countries mired in recession and deflation may underwhelm.
Moody’s is planning major changes to the way it assigns credit ratings to banks worldwide to better reflect the way that creditors would be impacted by the failure of such institutions under new resolution rules brought in after the financial crisis.