Banks

UK bank trio stands out in heavy Yankee onslaught either side of Fed meeting

◆ Sterling covered bond follows AT1 and senior deals in US dollars ◆ Latest trade is the tightest Sonia covered of 2025 ◆ Comes amid visible recent performance in the asset class

Meanwhile UBS prepares to appeal court's decision that writing down Credit Suisse AT1s was unlawful

Former KfW funding official to join Canadian bank as it grows euro bond business

◆ Barclays raises €1.75bn in dual tranche senior ... ◆ and issues Singapore dollar AT1 ◆ Lloyds pulls $9bn of orders for US dollar AT1

Berlin Hyp's head of funding moves after issuer integrated into LBBW

New originator could help Natixis advance in UK

Investors are eager to put cash to work in FIG bonds even though last week ended with concerns about bad loans

Hit by an alleged ‘fraud’ at the bankrupt US car parts maker, Wall Street’s last pure play investment bank has its sights set on European leveraged finance as it expands its alliance with SMBC

Deal expected to be priced after multi-week marketing period

◆ Second 'chunky' US bank euro print in a week ◆ Deal lands close to fair value ◆ But longer, fixed rate tranche raises questions as it is spotted wider in grey market

◆ First senior preferred in two years ◆ 3bp of concession ◆ Senior spreads 'really tight' versus covered bonds