Banks

US bank hires five rates traders in all

Duncan Smith believed to be heading for Investec

Home advantage sees total issuance for May exceed Sfr3bn

Santander shows big AT1 deals work best alongside tender offers

◆ Favourable dollar market draws foreign and domestic FIG issuers ◆ NatWest chooses dollar for AT1 to achieve best post-swap cost ◆ String of senior issuance also offers rare five year FRN

A year after its surprise scoop of UK equities house Numis, Deutsche Bank is making headway in the league tables

◆ 'A nice print' say rival bankers ◆ US bank raised €2.25bn and 'could have taken more' ◆ Green FRN label questioned as 'nobody cares'

Redemptions, limited supply and a favourable rates outlook created a window for the issuer

Another German agency achieved a greenium to follow on from KfW deal

Issuers stick to the Länder rule book to maximise pricing

◆ Barclays pushes 'very impressive' AT1 flat to fair value after becoming net negative AT1 issuer ◆ Pension Insurance Corp follows euro peers with tier two ◆ 'Horribly undersupplied' investors pile in orders

Scott Kirkby joins from Bupa after stints at NatWest and Credit Suisse