Europe

Law firm Dorsey & Whitney has hired a partner as part of its expansion in the private equity and acquisition finance sectors.

German Laender yields are expected to fall in the wake of the European Central Bank's announcement that sub-sovereign issuers are to be included in its asset purchase programme.

Standard Chartered has revealed the new management structure of its global capital markets team following a highly publicised restructuring last year. Leading the revamped capital markets unit is Henrik Raber, who told GlobalCapital Asia this week that he is confident the bank will be able to stand strong amid changes. Rev Hui reports.

The UK High Court has said that a former Deutsche Bank trader’s suit to claim crisis-era bonus payments “has no realistic prospect of success”.

Additional tier one paper (AT1) from Intesa Sanpaolo and Crédit Agricole was holding firm in secondary on Thursday, despite global equities flashing red again, and bankers feel a lack of fast money is helping the asset class.

CYBG, the UK mid-sized bank owned by National Australia Bank, will start building the book for its initial public offering in London next week.

Citigroup has on Wednesday night launched the first European equity block trade of the week, selling 12m shares in Elior, the French catering company, for about €212m.

This year’s first high profile IPO in Europe began today, when CMC Markets, the financial spread betting firm founded by Peter Cruddas, announced its long-expected intention to float in London.

One of the bond market's best known heads of treasury has stepped down and is heading to another financial institution, GlobalCapital understands.

ISDA, entering new territory, has asked members to help it put together an external review panel to resolve its deadlock over whether or not Novo Banco has triggered a credit event.

Belgium has scored the second bumper sovereign trade of the week, building one of its largest books in several years to print a 10 year euro benchmark that enjoyed strong participation from beyond Europe.

Telecom Italia brought the first telecoms bond deal of the year to the European market on Wednesday, tapping both high yield and investment grade investors.