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• Latvia to wind up second bank in two years after ECB decision

  

  The European Central Bank said on Thursday that AS PNB Banka was "failing or likely to fail", marking the second time in as many years that a Latvian bank has been declared insolvent.

  • 16 Aug 2019

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• Deutsche Pbb to tap sterling market for senior paper

  Deutsche Pfandbriefbank announced on Friday that it is planning to meet investors in the sterling market next week to gauge appetite for a possible senior preferred bond.

  • 16 Aug 2019
  

• Latvia to wind up second bank in two years after ECB decision

  The European Central Bank said on Thursday that AS PNB Banka was "failing or likely to fail", marking the second time in as many years that a Latvian bank has been declared insolvent.

  • 16 Aug 2019
  

• People moves in brief

  Bank of America Merrill Lynch hires fintech chief — Perella Weinberg builds European restructuring team — UniCredit finds SSA trading boss.

  • 15 Aug 2019

• Swiss Pfandbrief go negative out to 30 years

  Yields continued to tumble in the Swiss franc bond market this week with Pfandbriefbank issuing the first 30 year covered bond to be sold with a negative yield, following Münchener Hypothekenbank (MünHyp) striking a new record low for covered bond yields with a nine year trade.

  • 15 Aug 2019

• Polish mortgage law has ‘significant adverse effects’

  A draft Polish law, requiring the written consent of property owners to transfer mortgages, would have “significant adverse effects on Polish banks’ funding” said the European Central Bank, with respect to the covered bond and securitization markets. However, a legal expert said there would be no direct impact on covered bonds.

  • 15 Aug 2019
  

• Salvini snaps to send Italian capital markets into a spin

  An impressive rally in Italian risk assets has been completely overturned this week, as Italy descended into political chaos. Some market participants now fear a repeat of last year, when Italian issuers were frozen out of debt and equity markets as the country’s government fought with the European Commission over its annual budget targets. Tyler Davies and Sam Kerr report.

  • 15 Aug 2019
  

• Issuers in wait-and-see mode after poor primary performance

  Market participants are confident that FIG issuance will pick up next week but there are concerns around secondary performance. They are likely to pay close attention to how this week’s deals from Goldman Sachs and Credit Suisse fare before marketing their own.

  • 15 Aug 2019
  

• HSBC’s Tucker and Stevenson ramp up the pressure

  HSBC’s chief executive was dislodged by the force of the challenges facing the bank. Now, its global markets division is under pressure as senior management continues with reform, writes David Rothnie.

  • 15 Aug 2019
  

• SparVest brings 'sophisticated' green framework

  Sparebanken Vest (SparVest) on Thursday became the fourth Norwegian bank to publish a green bond framework and one of the first to publish a framework that is aligned with the European Union’s proposed standards for green bonds.

  • 15 Aug 2019
  

• CS attracts hefty AT1 demand but struggles for price compression

  Credit Suisse sold a dollar-denominated additional tier one (AT1) bond on Wednesday. Despite hefty demand for the notes, the issuer only revised the pricing by a small margin as market turmoil increased through the day.

  • 15 Aug 2019
  

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