Americas

The US Federal Reserve has admonished Industrial and Commercial Bank of China for falling foul of anti-money laundering rules, saying the lender failed to properly report suspicious activity at its New York branch.

The Futures Industry Association began its annual conference in Boca Raton, Florida, on Tuesday, with delegates assembling to discuss the challenges and opportunities facing derivatives markets 10 years after the great financial crisis.

UK-based 3i Group has added three people to its office in Amsterdam and one in New York, all in its private equity team, as it plans to boost business in its core markets.

Brazil’s largest private sector lender Banco Itaú sold $750m of additional tier one notes on Monday, just three months after its most recent issuance in the format.

Morgan Stanley issued a €400m bond on Monday, with warrants over Daimler shares, in a trade designed to give equity linked investors some much needed paper in a popular name.

Interest rate swap trading venue TrueEx is planning a marketplace for digital assets by the end of the second quarter, subject to regulatory review, while also building reference rates for the two largest cryptocurrencies.

After five years away from the market, Dutch supermarket operator Ahold Delhaize is set to become a frequent issuer as it sold a dual-tranche deal on Monday, six months after its return to the market. American Honda is not quite a frequent issuer, but its new five year deal on Monday took its total outstanding deals in euros to five.

The largest dairy company in Argentina is looking at calling its existing 2021s in July after filing a new debt shelf, according to market sources in Buenos Aires.

China Resources Land tapped the Panda bond market for the first time since July 2017, raising Rmb6bn ($945.6m). But few onshore investors who bought the three year bond looked at the trade as a real Panda, according to bankers on the deal.

Unigel, the Brazilian petrochemicals company, became the first Latin American corporate name to announce deal plans since early February, and bankers say this will provide a far tougher test of market sentiment than Paraguay's deal.

Land-locked sovereign Paraguay sold the first cross-border bond from a Latin American issuer in exactly a month on Thursday, but though bankers said the deal was positive for the market, they did not think the slim concession was a sign of things to come.

Cohn resigned from his White House post as Trump's chief economic adviser, and surely has a bright future ahead. GlobalCapital picked over a sample of where his fellow alumni of Goldman and government ended up.