Global Investment Banks
Global Investment Banks have significant capital markets activities and business-model characteristics that can pose unique or pronounced risks to their creditors. Learn more about the trends impacting this group of banks.
  • SUMMARY
  • REPORTS

  • 12 Sep 2019|Moody's Investors Service
    Global Investment Banks have significant capital markets activities and business-model characteristics that can pose unique or pronounced risks to their creditors. View how their revenues and share of capital markets compare.

    Video
    10 Sep 2019|Moody's Investors Service
    Ana Arsov and Peter Nerby discuss the stratification of firms within the global capital markets industry, the diverse competitive forces driving it, and the implications for global investment banks’ strategy and creditworthiness. Read the report.

    SECTOR IN-DEPTH
    09 Sep 2019|Moody's Investors Service
    The gaps between capital markets firms are widening as the bargaining power of employees and customers, as well as the threat of substitutes, intensify the competition for mandates and flows. Clear strategy and consistent execution are essential to contend with these competitive forces, and a strategic retreat for some firms may actually be credit positive if they establish defensible niche positions and disengage from activities with high tail risks.

    OUTLOOK
    27 Aug 2019|Moody's Investors Service
    Slower global economic growth over the next 12-18 months will lead to lower client activity for global investment banks. Lower interest rates and a flatter or inverted yield curve will also constrain the banks’ revenue, making it harder for them to achieve positive operating leverage and sustain their profitability.

    SECTOR COMMENT
    09 Aug 2019|Moody's Investors Service
    If approved by regulators, the deal clears the path for other global asset managers to enter China, although for JPMorgan the credit effects will not be immediately material given its size.

    SECTOR IN-DEPTH
    08 Aug 2019|Moody's Investors Service
    In this report we provide key take-aways from the quarterly financial results of the seven European Global Investment Banks: Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, HSBC, Société Générale and UBS. Revenue weakness and higher costs resulted in reduced second quarter profitability for the European global investment banks compared with the same period last year. 

    KEY CONTACTS
    Ana Arsov
    Managing Director – Financial Institutions
    Ana.Arsov@moodys.com
    Laurie Mayers
    Associate Managing Director – Financial Institutions
    Laurie.Mayers@moodys.com