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Stefan Jost will take over the role
New role includes digital assets
Sugrue specialised in covering the insurance and reinsurance sectors
Executive is moving to more senior role
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Credit Suisse has hired a senior banker from Merrill Lynch to help run its financial institutions business in China.
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WestLB said yesterday (Tuesday) that it will sell Westdeutsche ImmobilienBank as part of a plan to halve its asset base and restructure its ownership in exchange for European Commission approval of its state aid.
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In brief: The Cover understands that Günter Gleumes will be joining Landesbank Baden-Württemberg in the coming weeks as head of debt capital markets.
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Investors put forward an array of proposals for reform of credit rating agencies this week at a roundtable sponsored by the US Securities and Exchange Commission.
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Credit markets were buoyed by recent bank quarterly results this week — even though some credit strategists say the banks have employed smoke and mirrors to produce flattering earnings numbers.
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Dexia is understood to be committed to maintaining its Pfandbrief issuance through Dexia Kommunalbank despite the retrenchment into core markets that the group is planning as a result of its problems.