Europe

US bank reduces UK staff count while continuing hiring spree

Local market deal will help the bank's domestic entity to fund cheaply and independently

Rising tension in the Middle East and interest rates fears are creating a turbulent backdrop for IPOs

After an abysmal September, covered bond volumes began to improve on Tuesday, as Caffil and Nationale-Nederlanden Bank returned to the market to raise €750m apiece, and Danish Ship Finance announced a new three year deal and a tender offer.

Bankers thought new deal as ‘very successful’ though ‘volatility concession’ was needed

£3bn residential mortgage portfolio sale ‘on track’ and tipped to 'completely solve the problem'

New week, new challenge as war in the Middle East adds to uncertainty

'Isolated case' leaves ABS and FIG bond markets unscathed as Metro bonds rally but strategy judged 'too ambitious'

The state of Finland is backing the rights issue

The second block since Haleon's spin-off also achieved a tight discount of 2.5%

The more spread the better amid violent market moves that mean opportunists will prosper

Renk pulling its IPO at the last minute reflects how difficult the market still is to navigate