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Banks

Banks

Europe Bank Rally

Europe Bank

European banks have had an epic run this month, and investors are positioning for more to come. As lenders rallied the most among industry groups in March, options traders doubled down. They pushed the volume of bullish contracts on the Euro Stoxx Banks Index to levels never seen before, and the number of outstanding calls reached a two-year high versus bearish puts.

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Banks

UBS’ Dane FitzGibbon to leave

banks

UBS managing director and co-head of equity capital markets Dane FitzGibbon is leaving the bank after 13 years, according to an internal memo.

FitzGibbon is understood to be moving to Brisbane with his family.

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