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The higher one climbs the investment banking ladder, the less science seems to be applied to recruitment. While trainees must suffer weeks of formal recruitment process, the biggest P&L drivers are more likely to be tapped up down the pub
Investors are unlikely to buy large new issues at the current tight spreads
Budget induced volatility could push OATs above covered spreads across the curve
Sub-sections
Sub-sections
Deal reviews
◆ First offshore deal in sterling since PRA debacle in April ◆ Canadian undersupply driving demand ◆ Euro still better despite the UK Treasury's equivalence plans
German lender finds demand after record-breaking Pfandbriefzentrale deal
◆ Deal attracts more than €10bn ◆ Rarity of name and jurisdiction fuels demand ◆ No premium needed to take size
◆ First deal since Crelan/AXA Bank Belgium merger ◆ No premium paid ◆ Capped size allows for focus on price
Opinion
The UK will do better with tactical retreats on regulation than risking being outflanked by the US's wildcat banking regime
The industry’s obsession with appointing co-heads plays into its reputation for competition rather than cooperation
Post-management senior positions can be very valuable, but only if handled right
No one can work round the clock. But what happens when the proverbial hits the fan?
Analysis
Investors are unlikely to buy large new issues at the current tight spreads
Budget induced volatility could push OATs above covered spreads across the curve
BPM spreads 'unlikely' to widen as issuer remains 'a takeover target'
The untested youth of the blockchain market, as well as the lack of a regulatory framework, could put off widespread adoption
More articles
More articles
More from covered bonds
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◆ Deal lands flat to recent Pfandbriefe ◆ No concession needed ◆ Tight domestic spreads drive Nordic investors towards euro prints -
Deal set to be the longest euro covered bond since May last year
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Single digits separate core and non-core euro covered spreads
