Banks

Supporters claim smart derivative contracts remove need for central counterparties

Largest ever US bank capital deal sold this week as another big perp also appears amid hunt for yield

◆ Citi and Wells Fargo opt to issue in euros before dollars ◆ Citi's offer described as first post-GFC euro tier two from a US bank ◆ Both banks achieve competitive funding in 'green flashing' euro market

◆ Greek bank's first bond of the year vastly improves on last year's financing ◆ Scarcity appeal, buyback, and higher UniCredit ownership help crunch spread ◆ Old bond to be bought back above par

Helaba merger could create a 'diversified' player in the commercial real estate market

Hire of Anvita Arora for ECM is part of wider plan, says IB chief

Swiss bank promotes Steve Studnicky, hires JP Morgan's Peter Castoro

Long time staffers handed expanded remit

CIBC raises deeply subordinated debt capital in dollars as diverse set of foreign lenders print senior bonds

Overhaul means big promotion for Osty and a new structure for the CIB

FDJ United block priced at a tighter discount than November deal

◆ Canadian lender completes biggest euro funding since 2020 ◆ Third deal in Canadian bank series ◆ Euro proves 'attractive' for these issuers