Forbes (November 16)
“The looming prospect of no-deal Brexit is already spooking markets. Sterling tanked today, and the cost of CDS protection on U.K. government debt rose. Shares in Britain’s state-owned bank RBS fell by 9%.”
Tags: Brexit, CDS protection, Debt, Gilts, Looming, Markets, No-deal, Prospect, RBS, Shares, Spooking, Sterling, Tanked, U.K., UK
Institutional Investor (February Issue)
“Over the past five years, as Barclays and Royal Bank of Scotland in the U.K., UBS and Credit Suisse in Switzerland and even Deutsche Bank have pared back their investment banking activities, U.S. banks have powered ahead in the European arena in just about every sector, including the all-important FICC and M&A advisory categories.”
Tags: Barclays, Credit Suisse, Deutsche Bank, FICC, Investment banking, M&A, RBS, Switzerland, U.K., U.S. Europe, UBS
Financial Times (July 12)
“The banking sector hardly needs another scandal.” In just two weeks, Barclays has been sanctioned for market fixing Libor submissions, the Royal Bank of Scotland had a system failure which hindered customer account access, and now HSBC is being hauled in front of Congress for money laundering. “With the world’s biggest banks entangled in investigations, it is foolish to think that the industry, already scraping the bottom of the barrel of public goodwill, has put the worst behind it.”
