The intent of these league tables is to rank the relative tilt of individual counterparties’ commercial banking activities for purposes of ‘The Box’ counterparty selection algorithms. The report covers a select number of large and intermediate potential counterparties.
Fees are calculated over a two-year rolling window, and changes are reported versus the last report in Dec-22 as well as compared to Mar-22 and Mar-21.
Following last week’s implosion of Credit Suisse and the subsequent acquisition by UBS over the weekend, orchestrated by the Swiss authorities, we update our net green/fossil syndication fee league tables to reflect the merged entity.
In the original Mar 2023 article UBS was ranked 1 and Credit Suisse was ranked 6. We now show that when combining fees for the two they end up with a rank of 3, shifting HSBC to the top instead. When observing the intermediate institutions, Rabobank and Natixis exhibit the largest moves compared to the last report.