Brexit

US banks, which opened second quarter reporting this week and last, said Brexit had driven ‘new peaks’ in volumes at trading divisions, with signs of market share gains for the US houses as well.

The European high yield market has taken Brexit in its stride, with already as much issuance in the four weeks since the UK referendum as in the first two months of this year, writes Victor Jimenez.

The proposed merger of the London Stock Exchange and Deutsche Börse looks set to allow Frankfurt to prise euro swaps clearing away from London, amid rising expectations that regulators will require the combined entity to move euro business back within the eurozone.

Swedish firm AR Packaging and French software firm Cegid both successfully allocated leveraged buyout loan packages this week — with the margins undisturbed by the UK's vote to leave the EU.

Financial centres come and go, but they're mostly very resilient. London's been near the top of its game since the Napoleonic Wars. Will it take Brexit in its stride?

The latest $1.25bn underwritten loan for the UK’s Melrose may look like a Brexit-defying success. But in reality, the firm is a lender’s darling and this doesn’t necessarily mean the gates are open wide for all UK loans.

Two UK leveraged loans that borrowers launched shortly before the UK referendum have ended in contrasting results, with one closed successfully and the other pulled.

UK real estate companies are facing a rough ride in loan markets after the country’s decision to leave the EU on June 23. But the rest of Britain’s borrowers have escaped paying a Brexit premium thus far, write Elly Whittaker and Robert Cooke.

There is no reason why euro swaps trading would have to leave London where it is overwhelmingly concentrated, dealers believe, even if Brexit leads European authorities to insist that clearing of the contracts takes place within the Eurozone.

Looking at corporate bond issuance in Europe over the last two weeks you would be forgiven for thinking the Brexit vote had never happened.

One week after the UK voted to leave the EU, euro leveraged loan market participants said there will be victims, like the Exterion deal, but no fundamental shifts like those seen in 2008.

Credit and equity fund managers taking off hedges may have contributed to the resilience of these markets in the wake of the UK's EU referendum, according to derivatives traders, but a cocktail of calamities this week hinted at a precarious exposure to any further sudden moves.