Europe

Tullett Prebon is set to lose its European chief executive, who becomes the second senior departure in the past week from a planned Tullett-ICAP combined group as the two interdealer brokers look to merge by the end of this year.

UK chancellor of the exchequer Philip Hammond abandoned on Monday his predecessor’s ambition to pay off the country's public debt by 2020 but renewed its commitment to fiscal consolidation. SSA bankers responded by predicting higher government borrowing.

Gatwick Airport made a rare solo flight into the sterling bond market on Monday as the pound fell on resurgent Brexit fears, but UK investors were present to support the deal.

Société Anonyme de Gestion de Stocks de Sécurité (Sagess) has picked four banks to arrange an investor roadshow for a euro bond, its first to be eligible for purchase by the European Central Bank.

OfficeFirst Immobilien, which owns a German office portfolio spun off by IVG Immobilien, has opened the books for its Frankfurt IPO, with a price range that could value it at up to €1.82bn.

Nordea Bank Finland has been dissolved and its mortgage bank business has been transferred to a new covered bond issuing entity, suggesting it could be ready to return to the covered bond market after an absence of exactly one year.

A former managing director at New York Life Investment Management in London has left his job to go back to study at university.

BNP Paribas announced that its former head of the Netherlands will take on the role of UK country head, replacing Ludovic de Montille.

Nordic telecoms company TeliaSonera has signed a €1.5bn five year credit facility with thirteen banks, refinancing a seven year deal signed in 2010.

The Bank of England confirmed on Monday it would stress test UK banks for a broader range of potential threats in 2017, as it set out the timetable for the publication of this year’s results.

Latvia saw strong demand for a new 10 year euro deal against a choppy market backdrop on Friday.

Russian Railways successfully revived the Eurorouble format on Friday with a well received seven year deal.