Hello and welcome to the Fides Weekly Update, a breakdown of the week’s key news, moves and developments in legal and compliance.
This month’s blog explores the impact falling oil prices have had on global banks and the outlook this holds for the sector in the future.
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Featured Blog: Has the broken energy market injured global banks?
As results for Q1 2016 are gradually released by the major global banks and financial institutions, there is one question we are all asking: how much have they been affected by depressed oil prices?
Oil prices have been on a downward spiral, and oil producers and lenders alike are desperately seeking for ways to lift the price… Click here to read further
MOVERS & SHAKERS OF THE WEEK
Allen & Overy’s head of non-contentious financial services regulation Bob Penn joins Cleary Gottlieb Steen & Hamilton.
Baker & McKenzie makes a second high-profile hire from Barclays with MD and Head of Competition Nicola Northway.
Leveraged finance partner James Crooks joins Sidley Austin from Willkie Farr & Gallagher
Ashurst ECM partner Jonathan Parry makes the move to White & Case
Andrew McMillan, who led the TMT practice at Simmons until 2015 joins Pinsent Masons as a partner within its advanced manufacturing and technology sector (AMT)
Deputy Chief of the USDoJ’s criminal fraud section Daniel Braun joins Freshfields Bruckhaus Deringer.
Reed Smith calls off merger talks with Philadelphia-based Pepper Hamilton.