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Chuck Frank, v.p. and senior portfolio manager of $912 million at S&T Wealth Management, is keeping his distance from new issue corporate bonds.

Société Générale is ramping up a leveraged loan effort in the U.S. after more than a four-year absence and is looking to assemble a team of about 10 in the next two or three months.

Warner Chilcott Corp.'s $1.4 billion "B" term loan brought in more than $2 billion in investor commitments despite having total leverage over seven times.

The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.

--Peter Gleysteen, founder and ceo of Commercial Industrial Finance Corp., describing the his new firm's lending strategy.

--Geoffrey Hawkins, executive director at Dividend Capital Investments, commenting on increasing numbers of crossover buyers coming into the commercial mortgage-backed securities market because of the arrival of credit-default swaps on CMBS.

Barclays Capital has hired Jerry Hammerschmidt as a director in its investor solutions group in New York.

A regulator investigating Citibank Korea potential trading losses told DW there were no novation agreements in place for derivative trades between two units merged to form the business.

Five-year credit-default swap spreads on Tyco International fattened last week on speculation the conglomerate is going to split itself up.

The recent Delphi settlement auction once again raised the issue of how to settle a credit-default swap contract once a default has occurred.

Citigroup is preparing to launch a principal-protected retail investment note in Hong Kong focusing on volatility.

A London-based group of derivative lawyers and in-house counsel is getting together Monday afternoon to discuss guidelines for due diligence when dealing with third-party distributors.