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CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
Japanese firm plucks banker from UBS
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
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Primus Guaranty has announced that its Primus Financial Products unit has completed a portfolio repositioning transaction that has further reduced its bespoke tranche exposure.
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Banks that have been investing in sovereign credit default swaps may have to rethink their exposure as recent volatility in the CDS poses risks, according to Sanford Bernstein analysts.
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There appears to be little sign that U.K. banks are reining in their compensation practices, despite a 50% tax on bonuses and other measures to restrict payments.
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Morgan Stanley equity derivatives strategists are recommending that institutional investors buy May call spreads on Bank of America--despite high option prices--to take advantage of expected steady earnings.
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A dispute between Lehman Brothers Holdings Inc. and Wells Fargo concerning repayment rights on a collateralized debt obligation where Lehman served as swap counterparty was set for a pre-trial hearing in March. The hearing was the first of its kind concerning CDO payment waterfall provisions. [In November, the U.K. Court of Appeal backed the validity of the flip clause in the Dante CDO--giving noteholders the right to be paid out before the defaulted counterparty, Lehman Brothers International (Europe). But Lehman argued the case needed to be heard in the U.S. where it is protected by bankruptcy law, and the Bankruptcy Court for the Southern District of New York overturned the U.K. court decision. There now needs to be a special hearing to harmonize the judgments (DW, 1/27.]