Americas
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High grade corporates sprang from earnings blackout to crank out multi-billion dollar deals this week as the event risk many had feared would throttle the market in October failed to materialise. -
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US banks reporting earnings in the third quarter ubiquitously saw steep upturns in revenues from fixed income trading, despite some seeing overall falls in year over year revenues, as divergences of opinion on the Federal Reserve’s plans for interest rates caused increased trading in bonds.
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UK government bonds this week joined the country’s currency in taking a hammering, but public sector bankers are confident that a scheduled Gilt syndication next week will go well — and there could also be arbitrage opportunities in sterling.
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Wall Street’s biggest firms wasted no time hitting the dollar market with total loss absorbing capacity (TLAC) related deals after unveiling a strong recovery in third quarter earnings.
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Goldman is not the only US bank on the reputation radar this week. Wells Fargo’s sales scandal is a signal that, even in an industry as publicly loathed as banking (and we are well aware that the news media is another), reputation risk is to be taken seriously.
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The Depository Trust & Clearing Corporation has named the replacement for a departing senior official from its solutions and sales business.
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Tanner Servicios Financieros reignited Chilean issuers' involvement in the Swiss franc bond market on Wednesday by issuing a Sfr150m ($151.7m) three year note.
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Goldman Sachs raised €1.25bn in callable senior debt on Thursday, showing other US banks that European accounts are comfortable investing in the total loss absorbing capacity (TLAC) friendly asset class.
