Banks

◆ Improved funding in dollars for European banks ◆ The two issuers have been heavier users of euro and sterling markets this year ◆ Where is best to print in dollars for others eyeing the market?

Car maker’s stock has rallied 122% over the past year as it battles to return to profitability

◆ Senior holdco deal one of largest order books of the year ◆ Only 10bp-15bp of concession needed to seal €1.25bn deal ◆ Despite the strong outcome, further supply is not a given

◆ Lloyds and Santander launch Yankees ◆ Better execution in the dollar market than raising euros or sterling, says Lloyds Treasury ◆ Dollar investors supporting foreign issuers, including capital trades

Cellnex is feeling the heat from rising interest rates with its €20.7bn pile of debt

Provinces take a step back from borrowing but pension sector issuers lean forward

Pressure to increase returns is driving international expansion as Japanese banks position for growth and hopes rise of more M&A activity from their domestic clients

◆ Regulator starts collecting data on hedging and accounting of capital instruments ◆ Is AT1 debt or equity? ◆ BNP Paribas’s reclassification of future dollar AT1 provides an example

Former global head of CIB will take on the new role

Equity capital markets was a bright spot in a difficult second quarter for Barclays

Any further UK government sell-downs are likely to be on ice following Alison Rose’s resignation as CEO, although the dribble-out of equity will continue

Christian Aid dumping Barclays for fossil fuel finance highlights bank’s unclear progress