Europe
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Swiss bank UBS priced two block trades in companies on Thursday night, despite wider market concern over the spread of a deadly strain of coronavirus. -
Volkswagen Bank has belatedly joined the list of banks whose Pillar 2 requirements were posted on the European Central Bank's website this week. It had initially not consented to its targets being published.
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Credit Suisse secured the lowest spread for a Yankee bank referencing the secured overnight financing rates (Sofr) on Thursday, breaking the previous record set just over a week ago.
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A hefty increase in revenues from rates and credit trading helped Deutsche Bank’s investment bank in the fourth quarter, but the division still made a loss.
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New dynamics are appearing in the sustainability-linked loan market, as the product balloons and banks prepare for more intense scrutiny of their green lending activities. The trends highlight how unformed and confusing this young market still is, writes Jon Hay.
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The European Central Bank has promised to undertake “shorter term” initiatives to move the eurozone closer to a Banking Union, conceding that member states were finding it challenging to implement the full long-term overhaul.
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During a recent market consultation, Gilt investors called on the UK Debt Management Office to issue floating rate notes linked to Sonia, the Bank of England’s recommended replacement for Libor. There are plenty of reasons why this is a good idea.
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BPHA, a housing association headquartered in Bedford, is looking to sell US private placements, according to several market sources, as private debt remains readily available for UK HAs.
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Investors embraced a rare offering of non-preferred senior notes from Bankinter this week, with the Spanish issuer making its debut in the green bond market.
