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Fill the cracks before they break the private market's back
The US bank has won more market share in European IB than its rivals after overhauling its leadership and doubling down in the region’s biggest markets
Semi-government issuer intends to build curve after ‘landmark’ first trade in market that offers both duration and diversification
There are lots of ways to blend portfolios into securitizations but only some of them will work
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Arranging banks buy large chunks of deals in shallow market
As thrilling as last week's Reverse Yankee-led corporate bond fest in Europe may have been, it did not confirm the market has matured to its magnificent final form
Greater competition may already be paying dividends
Managers likely to clamour for new sovereign portfolio profile test threshold
Leaders
UK chancellor got the big things right in the Budget but made damaging unforced errors
Emerging markets are particularly vulnerable to protests led by disgruntled youth
Bloc's final syndication of the year has elevated its status
Changes to regulatory capital requirements make triple-A rated CLO notes more appealing for insurers
Southpaw
The US bank has emerged from its restructuring to record impressive market share gains following a reboot of its financial sponsor and leveraged finance businesses
New plan involves hiring to make ECM and M&A revenues match DCM in three years
Ten months after its unusual regional retreat in equity capital markets and M&A, HSBC has had a good year in debt capital markets, suggesting its new strategy can work
New look corporate finance division has merged M&A and sponsor coverage