Macaskill on Markets
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Wall Street’s Trump party could end in a hangover
US banks will get a trading and dealmaking boost from Trump’s re-election, but rising Treasury yields could pose challenges. -
Sideways: Timing is everything at Deutsche Bank
Former credit trader Shikha Gupta discovers that a verbal contract isn’t worth the paper it is written on. -
Macaskill on markets: In the year of equities, derivatives are key
It is turning out to be an equities year for the big investment banks, as fixed income revenues fall or stall and fees from dealmaking recover slowly.
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A US climate bill filled with green credits will create business for banks and provide relief from the backlash against ESG products.
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West Virginia state treasurer Riley Moore has opened another front in a campaign by Republican officials in the US against banks that promote ESG policies.
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HSBC Asset Management’s head of responsible investing has had it up to here with consultants and regulators lecturing him on climate change risk.
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JPMorgan’s new chief financial officer, Jeremy Barnum, is an unusual choice for a role that has become a springboard for greater things.
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US banking chiefs were reminded that their slow move towards socially aware finance brings new risks as they testified to Congress in May.
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Employees in the wealth management and investment banking businesses will be sizing up the risks to their own future financial wellbeing of staying with the firm.
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The US investment bank sidesteps an avoidable reputational own goal as a planned football European Super League collapses.
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Bitcoin’s move into the mainstream is forcing crypto financiers to develop code switching skills to communicate with Wall Street without alienating online evangelists.
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Bitcoin’s boom is dependent on ‘whales’ holding on to long positions, but trading techniques from older markets could create opportunities for whale hunters.
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Rob Karofsky will become sole president of the investment bank at UBS, ending his ‘odd couple’ partnership with co-president Piero Novelli.
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Citadel founder Ken Griffin may have felt more annoyed than threatened by his day testifying to Congress about volatility in GameStop and other stocks popular with retail investors, but scrutiny of market making and clearing is set to increase.
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Goldman’s chief executive David Solomon isn’t impressed by Spac deals from Credit Suisse and Citigroup.
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Gary Gensler could start his tenure running the Securities and Exchange Commission with a dramatic flourish by taking steps to burst the bubble in special purpose acquisition companies.
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BlueCrest Capital Management’s agreement to pay $170 million to settle charges that it used a trading algorithm to exploit investors is a warning that artificial intelligence (AI) can be a tool to dupe the unwary.
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Bitcoin’s recent surge is accelerating integration with established capital markets, as Coinbase makes IPO plans and market-maker B2C2 is sold to Japanese financial services firm SBI.
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Euromoney’s futurologist Mystic Maca gets on a Zoom call with next year, when markets return to a version of normality.
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The firm is pushing the idea that velocity management can drive sustainable growth for its global markets business. But will investors view this as an updated version of proprietary trading?
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The Vatican can build on its successful credit default swap exposure to Hertz and other corporates by going long a new ESG synthetic index.
