United States

Gareth Gore

VTB purchase of rival threatened by London lawsuit

Oct 04 2018

LONDON (IFR) - VTB's acquisition of a rival Russian lender is facing an uncertain future after a group of bondholders asked a London court to freeze the assets of brothers Dmitry and Alexei Ananyev, the oligarchs who are selling their majority stake in Vozrozhdenie Bank to VTB.

UniCredit: this time it's different

Feb 06 2017

LONDON, Feb 6 (IFR) - Jean Pierre Mustier wanted out. The Frenchman had been recruited three years earlier by UniCredit chief executive Federico Ghizzoni to help him drive through an ambitious turnround plan for Italy's biggest bank. But, by mid-2014 differences had begun to surface between the two men about the direction the firm was headed.

Lukoil considering Eurobond within weeks - sources

Oct 18 2016

LONDON, Oct 18 (IFR) - Lukoil is considering launching its first international bond sale in more than three years in the coming weeks, according to people close to the company, with the Russian oil producer keen to tap into rising demand for Russian paper.

IFR Capital Markets Week Ahead - October 17, 2016

Oct 17 2016

LONDON, Oct 17 (IFR) - Coming up in capital markets this week:

IFR Capital Markets Week Ahead - October 10, 2016

Oct 10 2016

LONDON, Oct 10 (IFR) - Coming up this week in global capital markets:

MOVES-Barroso joins Goldman Sachs as non-executive chairman

Jul 08 2016

LONDON, July 8 (IFR) - Former president of the European Commission Jose Manuel Barroso has joined Goldman Sachs as a non-executive chairman in its international business and adviser to the wider group.

Banks fall out of love with emerging markets

Apr 01 2016

(IFR) - Emerging markets are fast losing their shine for the world’s biggest investment banks. Faced with falling fees from fewer deals – and bleak prospects ahead – many have put the brakes on a decade-long expansion, with some cutting jobs and shutting offices.

Nerves of steel: Glencore's brave call in battle with short-sellers

Mar 18 2016

March 18 (IFR) - Markets were panicking about Glencore on the morning of January 14. A rout in metals, agricultural and energy prices had hit the commodity trading company hard, making it a target for short-sellers who were betting on its collapse. Glencore shares started trading that morning at 70.83p, their lowest open ever and down almost 90% from its IPO less than five years earlier. Its bonds with just a year to maturity were yielding over 10%, an unmistakeable sign of stress, while the cost of five-year default protection was quoted above 1,000bp for the first time since October 2008.

Government bond sales shake up sleepy Japanese banks

Feb 29 2016

TOKYO, Feb 29 (IFR) - Japan's banks are slowly shaking off the conservative habits that have defined the country's financial system for three decades, and are rapidly selling down their giant holdings of Japanese government bonds as they seek to increase risk-taking at home and overseas.

Deutsche Bank to cut 75 global markets jobs in London, New York

Feb 22 2016

LONDON, Feb 22 (IFR) - Deutsche Bank is to cut around 75 jobs within its global markets division in London and New York, according to one person with knowledge of the information.

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