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UBS has set up an equity quantitative trading business in London and hired Mohamed Mughal, head of quantitative equity derivatives trading at Bear Stearns in London, to spearhead the effort.

A letter of intent from the government of Pakistan to the IMF, outlining the planned economic policies

Computer Associates has closed on a four-year, $1 billion revolver that has improved pricing over its previous $470 million line after the company resolved a messy accounting scandal that led to an executive shuffle and a Securities Exchange Commission investigation.

Butterfly yields, or the difference between the five-year Treasury and the average of the two- and 10-year varieties, have fallen steeply over the past few months as five-years have rapidly outperformed.

French banks are renowned around the world for their savoir faire when it comes to throwing parties.

Credit Suisse First Boston, Citigroup, J.P. Morgan and Banc of America Securities are vying for top spots in this year's high-yield league tables.

DuPont Capital Management is adding yield by investing in individual speculative-grade names in an expensive market.

Michael Mandel, founder of Mandel, Katz, Manna & Brosnan and inventor and co-founder of ClearPar, discusses changes in the distressed market and the global flow of money.

Deutsche Bank scooped up $25 million of Boston Generating's Exelon Boston and Bear Stearns reportedly snared $25 million of Lake Road project debt during auctions last week.

Schultze Partners, a distressed fund based in Purchase, N.Y., is bulking up its assets and plans to put the new cash to work in the coming weeks.

A former head of high-yield research at Goldman Sachs and then Banc One Capital Markets is readying a credit fund for Quarry Point Partners, a Chicago buy-sider.