Barclays executives say the collapses of key Credit Suisse clients Archegos and Greensill have created a rare opportunity to grab market share in investment banking
Barclays PLC recently overtook Credit Suisse Group AG in investment banking revenue, a sign that the U.K. bank’s long, frustrated push to be a major player is making progress thanks in part to the troubles of its Swiss rival.
The London-based bank vaulted past its Zurich-based counterpart to be the largest investment bank outside the U.S. in the second quarter of this year with $1.26 billion of investment banking revenue, representing a 4.1% market share, according to Dealogic. JPMorgan Chase & Co. was the top investment bank during the quarter with $3.15 billion of revenue, a 10.1% market share.
Inside Barclays, executives say the collapses of key Credit Suisse clients Archegos Capital Management and Greensill Capital have disrupted the investment banking landscape. This has created a rare opportunity for Barclays to grab market share in the business of advising on takeovers and arranging debt and equity sales for global companies.Barclays has gone after its wounded competitor.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Credit Suisse Settles Spying Case With Ex-Executive Iqbal KhanCredit Suisse said it reached a settlement with a former executive and private investigators over a spying scandal that rocked the bank
Leer más »
FICO Score’s Hold on the Credit Market Is SlippingFor decades, the three-digit FICO number has been the linchpin of consumer-credit decisions. But banks are increasingly relying on their own bespoke scores.
Leer más »
The Best Rewards Credit Cards Of August 2021Miles, points and cash back oh my! We've looked at them all and have ranked the ten best rewards cards for this month. Here's what you need to know.
Leer más »
Credit Suisse Settles Spying Case With Ex-Executive Iqbal KhanCredit Suisse said it reached a settlement with a former executive and private investigators over a spying scandal that rocked the bank
Leer más »
Vatican Owns Over 5,000 Properties Worldwide, It Reveals In First Disclosures On Its Real Estate HoldingsThe church offered details on its real estate investments for the first time ever.
Leer más »
The Best Rewards Credit Cards Of August 2021Miles, points and cash back oh my! We've looked at them all and have ranked the ten best rewards cards for this month. Here's what you need to know.
Leer más »