Banks
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◆ FRN concessions have jumped as much as 30bp ◆ Bankers question if European banks need to pay similar NIPs ◆ Euros could offer 'steadier market' for US banks
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◆ Level set at fair value, price not tightened ◆ French agency follows on in same maturity ◆ Books of under €1bn
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Austrian bank will not call its AT1 with the lowest reset rate but it will redeem another it had been extending since the eruption of the war in Ukraine
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New global structure is reinvigorating push towards top league
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◆ Volatility causes spread losses ◆ Issuer ‘flirted’ with intraday execution ◆ Level ropes in $2.35bn book
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More than $30bn raised as banks turn to primary market after quarterly earnings announced
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◆ Bankers debate new issue premiums ◆ Basis less favourable for reverse Yankees after US jitters ◆ European national champion still awaited
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GS appoints new co-heads of real estate banking
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Syndicators do not expect an easy ride but are hopeful inflows remain supportive
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Ex-Morgan Stanley banker Woeber joins from Centerview
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Window for unsecured FIG syndications closes once more
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By neglecting its own reporting rules, Fed risks weakening global banking system