Latest SSA People & Markets news

  • Primary market drawn into SSA lawsuit

    The lawsuits over alleged manipulation of the SSA market have spread further, with more dealers and individuals named in a court filing. Citi, HSBC, RBC and TD Bank have now been added, as well as Bank of America, Crédit Agricole, Credit Suisse, Deutsche Bank and Nomura. The suit also draws in the new issue market, alleging that the traders were able to front-run new issues yet to be announced or in book-building.

    • 20 Apr 2017
  • Jefferies plans to take CEEMEA expansion into primary market

    Jefferies is building out its CEEMEA trading operations, and eventually plans to add primary markets, derivatives and local currency trading to a revitalised business.

    • 20 Apr 2017
  • Former UBS DCM head joins Van Lanschot board

    Manfred Schepers, who worked at UBS Warburg and its predecessors for 17 years to 2003, has been nominated to join the board of Dutch bank Van Lanschot.

    • 19 Apr 2017
  • Banks at risk from drought, reveals groundbreaking research

    A glimpse of the future has arrived with the publication of a report modelling the credit risk banks face from drought. The effect on loan portfolios could be severe — and the research illustrates the new kinds of risk management banks will have to do as the world’s climate becomes more volatile.

    • 13 Apr 2017
  • Deutsche said to sell off some SSA swaps

    Deutsche Bank has novated some of its SSA new issue swaps to a US bank, according to a source with knowledge of the situation, in a move which should help the bank stepping in to cut its risk position. The sale comes shortly after Deutsche said in a strategy update that it wants to improve its SSA operation.

    • 12 Apr 2017
  • QE ‘raises bond prices and lowers liquidity’, says BIS report

    Eurozone quantitative easing increases bond prices in the inter-dealer market and is also “likely” to hit liquidity, according to research from the Bank for International Settlements (BIS). The findings also suggest that timing QE asset purchases depending on market conditions could benefit the policy as a whole.

    • 10 Apr 2017
  • Did bank fines cause the great repo crunch?

    Regulators and market participants are increasingly concerned about the spikes in repo rates at the end of quarters and years. Last year finished with a particular squeeze in the European market — perhaps exacerbated by the huge fines faced by Deutsche and Credit Suisse last year.

    • 06 Apr 2017
  • 'Tredge' to leave Credit Suisse after 31 years

    Paul Tregidgo, vice-chairman of debt capital markets at Credit Suisse, will be leaving the bank on Friday, after a 31 year career.

    • 28 Mar 2017
  • UK’s immigration pledge is good news for the City

    The UK’s Brexit secretary’s admission on Monday night that the government will not cap immigration after the country leaves the European Union — and that immigration could rise or fall after Brexit — may well be the first bit of good news on London’s future as Europe’s main financial centre since the referendum last June.

    • 28 Mar 2017
  • Deutsche drawn into SSA bond trading probe

    Deutsche Bank disclosed on Monday that it has been drawn into the SSA bond trading and manipulation investigation, with requests for information from regulatory authorities.

    • 20 Mar 2017

SSA People & Markets news archive

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  • May’s Scottish referendum roulette spin with election call

    UK prime minister Theresa May’s shock general election call on Tuesday may be a calculated attempt to crystallise the Conservative Party’s strong opinion poll lead into actual seats at Westminster — but she could simultaneously weaken her strong stance against a second Scottish independence referendum. That would be bad news for anyone hoping for a favourable outcome for the UK’s economy and financial sector in the Brexit negotiations.

    • 18 Apr 2017

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 Barclays 8,822.61 13
2 Citi 7,368.99 9
3 BNP Paribas 7,280.82 10
4 HSBC 6,965.75 11
5 JPMorgan 6,400.12 9

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Apr 2017
1 JPMorgan 22,242.25 55 12.48%
2 Citi 19,481.25 49 10.93%
3 Deutsche Bank 14,012.00 31 7.86%
4 HSBC 13,736.18 31 7.71%
5 Barclays 12,029.58 28 6.75%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 Barclays 19,895.10 43 9.86%
2 JPMorgan 16,100.70 41 7.98%
3 Bank of America Merrill Lynch 14,715.49 37 7.29%
4 Credit Agricole CIB 13,312.37 36 6.60%
5 HSBC 12,937.56 41 6.41%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 JPMorgan 39,067.52 180 8.50%
2 Citi 32,458.25 115 7.06%
3 Barclays 30,658.65 76 6.67%
4 Deutsche Bank 29,302.58 107 6.38%
5 HSBC 28,071.48 101 6.11%