Strategic tensions as much as short-term underperformance brought about BAML investment banking head Christian Meissner’s departure, but the corporate and investment bank remains in a strong position

By increasing the size at which a US bank is deemed to be systemically important to $250 billion, the Trump administration has unleashed a wave of merger activity among the country’s regional banks. This is the fervent hope of the investment bankers waiting to do the deals, but the reality might turn out to be rather more complicated than that.

Regional banks in the US are posting record capital markets income, putting them in a strong position to fend off challenges from bigger firms.

Partnership could replace broken Barclays links; follows rumours of sale of Société Générale South Africa custody unit to Absa.

European vanilla convertible bonds just cannot shake the blue funk they are in, even as other regions power ahead. Non-dilutive and synthetic structures have kept bankers busy, but they don’t suit everyone