Steve Slater is associate editor of International Financing Review based in London and is responsible for the People & Markets section. Steve has worked for Thomson Reuters since 2001. He joined IFR at the start of 2016 after a decade covering European banks for Reuters, including the financial crisis bail-outs and nationalisations, takeovers, senior management changes and industry scandals. He has worked as a financial journalist in London and New York, covering commodities, equities and banking and capital markets.
US bank Wells Fargo has applied for an investment firm licence from the French regulator to create a Paris hub for its investment banking and capital markets activity in the European Union after Brexit.
Banks have been warned not to “window dress” their leverage ratios – or manipulate figures at the end of the quarter to indicate they have a higher ratio than usual.
A US$50bn-$70bn loan to back oil and gas giant Saudi Aramco’s purchase of a stake in Sabic is expected to be put on ice after the disappearance – and apparent murder – of a Saudi journalist erupted into a political row and hit the investment climate in the kingdom.