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1 week ago | 
globalcapital.com | Ralph Sinclair |Jon Hay |Sarah E. Ainsworth |George Collard
This was supposed to be a decent year for banks in the debt and equity capital markets. But the uncertainty generated by a chaotic US tariff policy has wrecked investment banks' ability to plan and operate in their markets. We look at what is grinding the sell-side's gears and investigate how banks should navigate the volatility to meet their budgets. One area of the bond market where issuance has been slow to resume since the US first announced its new tariffs is the senior unsecured FIG market.
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1 week ago | 
globalcapital.com | Jon Hay
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1 week ago | 
globalcapital.com | Ralph Sinclair |Jon Hay |Sarah E. Ainsworth |Frank Jackman
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2 weeks ago | 
globalcapital.com | Jon Hay |Francesca Young
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2 weeks ago | 
globalcapital.com | Jon Hay |David Rothnie
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2 weeks ago | 
globalcapital.com | Jon Hay
Conspiracy theories of the type that US president Donald Trump’s inner circle have short positions on equities and are raking in money from his berserker raid on world trade are now beginning to ricochet even among the Trump-friendly elite. Hedge fund billionaire Bill Ackman has accused commerce secretary Howard Lutnick of being “indifferent to the stock market and economy crashing” due to the searing US import tariffs he has loudly championed.
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2 weeks ago | 
globalcapital.com | Ralph Sinclair |Jon Hay |George Collard |Mike Turner
US president Donald Trump's imposition of a vast swathe of tariffs on imports bludgeoned stock markets this week and proved the stuff of nightmares for investors as they contemplated the possibility of recession and the return of inflation. But the reality for the bond market will likely be rather more nuanced.
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3 weeks ago | 
globalcapital.com | Jon Hay
In a busy March for job changes in capital markets, one story GlobalCapital published attracted huge attention — HSBC’s decision to terminate the job of Farnam Bidgoli, its respected global head of ESG solutions, while she was on maternity leave. A LinkedIn post about the story was viewed 325,000 times and drew comments including “Very gracious of them to wait for the end of International Women’s Day”.
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3 weeks ago | 
globalcapital.com | Jon Hay |Francesca Young
As a premium subscriber, you can gift this article for free Copy gift link https://www.demo.com/demo-article/ Link copied to clipboard You have reached the limit for gifting for this month There was an error processing the request. Please try again later. You have 10 article gifts to share each month
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3 weeks ago | 
globalcapital.com | Jon Hay |Sarah E. Ainsworth |Frank Jackman |George Collard
Genuinely useful applications of AI are still rare in capital markets, but UniCredit has come up with an intriguing one. It has built a tool called DealSync that is helping it generate M&A mandates. The supranational, sovereign and agency bond market was shocked on Wednesday to learn that it would be losing a well known issuer, KommuneKredit. The Danish government has decided it will be cheaper to just issue bonds itself. Could other agencies disappear?
