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RBC Capital Markets has made Mike MacBain co-head of its global debt markets business. MacBain, who will be based in New York, will focus on financial products and commodities, alongside Richard Pilosof. MacBain was most recently president of TD Securities and global head of DCM and cash equities.

Devising le menu is something that the French are famous for turning into an art form. Société Générale certainly did not disappoint for the France vs England semi-final of the rugby World Cup.

Research released in mid-October came to the far-from-shocking conclusion that two in five of workers in the UK’s financial services sector are stressed.

Proposed US legislation shows that patience has snapped with the markets.

Spate of high-profile delistings by blue-chip European companies boosts Pink Sheets’ premium market segment.

180,600,000,000 the dollar amount of equity capital raised in Bric countries (Brazil, Russia, India and China) so far this year. The total is up 137% on the same period in 2006 thanks to record volumes across all Bric markets.

For more than a decade, it has been a private dream of successive Turkish governments: the vision of Istanbul as a world financial centre comparable in some way to London, Frankfurt or New York. Is it merely a politicians’ pipe dream? Perhaps – but the notion is about to be transformed into an official government goal.

Sub-prime slime and the credit crunch have diverted attention from global imbalances. However, any dollar rout would be ugly. Neglect is no substitute for policy.

After the build-up of its sales and distribution teams under Keenan Altunis and Steve Turner, UniCredit has switched its attention to its trading force. The bank has appointed Ben Welsh, the former head of FX, global markets and US rates at HSBC New York, as its co-head of global FICC. Shortly after he started, it was announced that Welsh had persuaded the well-regarded Dan O’Sullivan, who was head of FX trading North America at HSBC, to join him. The pair, who also worked together at Goldman Sachs, will be based in London.

In October, Royal Bank of Canada (RBC) added to its set-up in the Caribbean. The number one Canadian bank announced a $2.2 billion acquisition of RBTT (Royal Bank of Trinidad and Tobago) Financial Group. RBTT had been in discussions with potential buyers since April and suitors included Canadian rivals Scotiabank and CIBC, through its FirstCaribbean unit. RBC is paying for the group with 60% cash in hand and a further 40% in RBC shares.

In front of a US Senate committee, the agencies are indignant while investors claim they are focusing on the wrong signals.