Banks
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New recruit in Paris will run sustainability for global markets
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Issuers ‘strike while the iron is hot’
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◆ Swiss finance minister suggests $10bn-$25bn additional capital for the single largest bank ◆ Equivalent to increase of 20-30% CET1 ◆ Changes ‘broadly positive’ for bondholders, but AT1 spreads could face pressure
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Sparkasse Bremen garners surprising demand thanks to ‘thin pipeline’
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SSA DCM hire ends DZ Bank’s 'recalibration' of its SSA DCM desk
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MUFG hires new investment grade finance director for Germany and Austria
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◆ Global markets search for clues on how long before US rates are cut ◆ Fed path deemed more important than Middle East conflict in dictating primary market tone ◆ Pipeline across capital stack once clarity emerges
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Not all issuers drew large oversubscriptions in mixed market
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Rare issuer brings lone trade in the currency while SSAs fund in dollars
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At least four issuers will price dollar deals of between three and 10 years on Tuesday
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◆ Santander paid 10bp-15bp new issue premium ◆ Lead says paid up more because of market uncertainty ◆ Some bankers argue Middle East conflict ‘had no impact on pricing and execution’
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World's oldest bank to offer a pick-up to recent Italian deals