The corporate and investment banking arm of France’s Crédit Agricole has been through several rounds of strategic repositioning and its chief executive says its final shape is now in sight.
Latest articles from France
European securities will soon be settled on a central IT platform – Target2 Securities (T2S) – as part of the European Central Bank's initiative to harmonise post-trade standards. With the first wave of implementation scheduled for 2015, Duygu Tavan investigates how the T2S project is progressing and its consequences for the securities industry.
BNP Paribas CEO Jean-Laurent Bonnafé tells The Banker why the bank's diversification strategy – along product lines, sectors and geography – is at the heart of its downturn-defying performance of recent years.
The eurozone is now on the mend, according to BNP Paribas’ Frederic Janbon, but the new regulatory landscape will continue to change the debt business, bringing opportunities as well as challenges.
When Natixis sought to unwind its exposure to structured credit correlation and counterparty risks, it needed an independent adviser that could combine complex valuation skills with a merger and acquisition process. Moelis fitted the bill.
The Financial Transaction Tax introduced by France in August is intended to deter speculative investor behaviour, but the execution looks likely to miss the target.
Thus far, 2012 has witnessed a marked trend of corporates eschewing bank lending and turning instead to the debt capital markets. By acting quickly, the DCM team at SGCIB has put itself at the forefront of many of these deals.