Top Section/Ad
Top Section/Ad
Most recent
Crédit Agricole reorganises loans business amid busy hires and promotions in industry
‘New kid on the block’ disrupts established order with lead role on Schroders takeover
Former MDB sustainable finance expert joins as HSBC rebuilds sustainability leadership
EU’s new real time price feed could be nice to have, but market participants are not sure it’s essential
More articles/Ad
More articles/Ad
More articles
-
Ben Molony, a FIG DCM banker from Citi, will be joining Santander Global Banking and Markets.
-
Preliminary results of UBS’s share exchange are in, showing that the Swiss bank has been successful in creating a holding company, UBS Group AG, at the top of its corporate structure. -
November fell short of market participant’s great expectations, with just a trickle of the hoped for additional tier one supply, and though issuers took to the senior market more than had been anticipated, even that market has stumbled on its feet in the last week.
-
Martin Taylor, an external member of the Bank of England’s Financial Policy Committee, on Wednesday night delivered a broadside attacking the additional tier one market as it exists today, in a speech to the Oliver Wyman Institute.
-
Market participants at the International Capital Markets Association’s primary markets forum on Wednesday questioned the value of technological developments in the syndication process that could remove human contact from the process. But regulatory and cost pressures will make technology all the more important, and arguably the last decade of bond market growth could not have happened with using technology to accelerate the new issue process.
-
Santander returned to covered bonds this week with its first deal in nearly two years which, by virtue of its sheer size and duration, was remarkable. The two tranche deal included a 20 year piece that has not been seen in covered bonds for seven years. This was targeted to asset managers and insurers in the private sector — in sharp contrast to many other deals such as a €250m four year tap from LBBW that the Bundesbank mostly bought. The trades rammed home the distortion the European Central Bank's purchase programme (CBPP3) is causing the covered bond market which market makers said had potential to cause considerable mark to market pain.
