Deutsche Bank

Covestro, the German polymers manufacturer, rose 11% on the start of trading Tuesday, having scaled back its targeted deal size by €1bn to win the investor support required.

A London-based public sector syndicate banker has left his position at one of the market's top bookrunners, GlobalCapital understands.

The renminbi became the fourth most used currency for payments in August, overtaking the yen with a share of 2.79% of global payments, beating the Japanese currency by a small margin of 0.03%, Swift said in an October 6 report.

Dutch trust and corporate services business Intertrust said on Monday that it would raise about €465m from its initial public offering to repay existing debt.

Schaeffler, the German ball bearing maker, will sell fewer than half of the new and existing shares that it had originally intended to sell in its planned Frankfurt IPO.

Dongfeng Motor Group is set to meet investors ahead of what will be its first offshore bond. The company has opted for a euro deal as it aims to use proceeds to pay back part of a bridge loan in that currency.

Deutsche Bank has hired Stephen Paine as global head of infrastructure and utilities, a new role at the bank.

The Export-Import Bank of Korea (Kexim) has mandated four banks to arrange a non-deal roadshow that is set to begin on October 6.

Altice, the fast-growing French cable telecoms investment group, raised €1.61bn of new capital today (Thursday October 1) with an intraday accelerated bookbuild, to finance its acquisition of Cablevision, the US cable company.

EDF has expanded its investor base into Taiwan with a $1.5bn bond, the first time a European issuer has bought a dollar bond to the Formosa market.

UK property firm Hammerson has signed a €1bn revolving credit facility to buy a €1.85bn loan portfolio from Ireland’s National Asset Management Agency.

Banks have rarely been considered paragons of virtue, but never have they been as vilified as they are today. After the bail-outs, a seemingly endless procession of misconduct has left ethically-minded customers holding their noses while reaching for debit cards. But against the backdrop of scandal and suspicion, banks are doing more than ever to demonstrate to customers that they are doing the right thing. Owen Sanderson reports.