Top stories

• Italy prepares final bond sale before crucial referendum

  

  The Italian Treasury is on Tuesday set to hold its last bond auction before the country holds a referendum on constitutional reform that analysts believe could have an impact on eurozone periphery spreads into the new year.

  • 03:30 PM

• Anxiety as MPS presses on with critical LME

  

  Bondholders will be able to take part in Banca Monte dei Paschi di Siena’s debt-for-equity swap this week, as market participants hope the Italian lender can pull off its ambitious rescue plan in what is set to be a key month for the Italian banking sector.

  • 12:30 PM

• South Africa waits for S&P review as Zuma faces no confidence vote

  

  South African assets were facing another week of uncertainty as reports emerged on Monday that ANC leaders were preparing a vote of no confidence against president Jacob Zuma and traders warned of the potential for a ratings downgrade on Friday.

  • 12:30 PM

• HeidelbergCement issues first bond since upgrades, pulls in €4.6bn book

  

  German building materials manufacturer HeidelbergCement capped a month of good rating agency news with a blowout order book as it tapped the euro bond market for €1bn on Monday.

  • 03:45 PM

Olly Copplestone's Cartoon

Leaders

• Embrace creativity in securitization

  Europe’s securitization bankers need to be more creative if they want the market to break out of its post financial crisis stupor.

  • 24 Nov 2016

  • Wake up, FCA: active managers are the market
  • The death of ultra-long debt
  • Basel IV, III, II, I, 0

more Leader

Old Money

• Old Money: the pound in your pocket

  Addressing the nation on television in November 1967, British prime minister Harold Wilson announced the devaluation of the pound and famously declared that "it does not mean that the pound here in Britain, in your pocket, has been devalued."

  • 10 Nov 2016

• Old Money: Deutsche Bank — a chip off the old blocks?

  Deutsche Bank and falling foul of the rules is nothing new. It built its investment banking operation acquiring businesses battling reputational and legal risk.

  • 13 Oct 2016

• Old Money: Goodbye Great Britain

  The last round of IMF lending to developed market countries (before the European sovereign crisis) was 40 years ago this autumn — when Britain was locked out of the capital markets and had to go ‘cap in hand’ to the Fund.

  • 12 Sep 2016

• Old Money: The Full Monte

  The world’s oldest bank has trodden a 500-year line between the sacred and the profane.

  • 10 Aug 2016