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Sugrue specialised in covering the insurance and reinsurance sectors
Executive is moving to more senior role
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
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German taxpayers look likely to be called upon once again to help with the slow and painful rehabilitation of WestLB. The European Commission is considering two proposals for the future of the bank, according to a statement issued on Wednesday afternoon by competition commissioner Joaquín Almunia.
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The US inched closer to getting its own covered bonds market last Friday, after the endorsement of the asset class in a draft Treasury report. There are hopes that legislation to create the sector could be approved by President Obama by the end of the year, although there is still opposition to overcome.
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LBBW has created a new group dedicated to private placements, promoting Patrick Steeg to run it. Steeg heads a team of four dedicated to third-party EMTNs, private placements, registered covered bonds, schuldscheine and structured notes for global FIG, SSA and corporate issuers. He reports to Günter Gleumes, head of debt capital markets and syndicate.
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Lloyds Bank Corporate Markets has added four senior bankers to its Northern European financial institutions team.
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