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The Daily Capital Markets Digest
Citigroup told US regulators it was not willing to support troubled Lending Club after the marketplace lender’s CEO stepped down following a botched sale of loans.
Companies looking to tap the offshore renminbi bond market to refinance maturing debt in this quarter will face a market increasingly wary of the Chinese currency, in the biggest test of investor appetite since issuance dropped off in 2015.
Big Four must boost capital buffers by close to US$1trn
David Escoffier, deputy head of global markets at Societe Generale and CEO of Newedge, has decided to leave the company. Escoffier had been heavily responsible for building up the French bank’s equity derivatives capabilities in London.
Here is a short recipe: Take a weakening service sector, contracting corporate profits and capital expenditure, add a Federal Reserve rate hike and stand well back.
WAS THE ONE-NOTCH downgrade by Moody’s of Deutsche Bank’s ratings on May 23, reflecting concern around the increased execution challenges the bank faces in achieving its strategic aim, a further signal that John Cryan’s plans to rehabilitate the bank are doomed?
It doesn’t really matter where you look – other than the Athens Stock Exchange index which was off by 1.08% - stock markets were on fire on Tuesday, in a reversal to beat all Tuesday reversals.
Does the quest to find a replacement for Federico Ghizzoni as chief executive of embattled UniCredit have just a touch of the ‘who’d want that job’ fatalism around it?
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