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As bankers we have all dealt with difficult clients, but some seem to enjoy taking this to a whole new level.

The China securitization market is proving to be a happy hunting ground for BMW Automotive Finance this year. Five months after a landmark four-tranche transaction, BMW sealed its return this week with a bigger and more aggressively priced Rmb3.5bn ($550m) ABS.

Videocon Hydrocarbon, which has activities in upstream oil and gas, is tapping the loan market for a $75m three year refinancing. An aggressive margin cut compared with the loan the company is refinancing has caught the eye of bankers, especially when its sector and the financial health of its parent is taken into account. Shruti Chaturvedi reports.

Credit Suisse’s withdrawal from primary dealerships has scared the market, while regulatory change is hurting other banks still in the business. Now issuers must take responsibility for their own liquidity – and that means doing bigger deals.

Bankers are predicting a strong return of Russian bond issuance from non-sanctioned credits in 2016. But these issuers would be foolish to wait until next year when there is an issuance window open now.

Recent weeks have seen an attack of existential angst among Europe’s major banks, on account of the challenges they face from America’s big universal banks.

Deutsche Bank announced the next layer of its management changes on Thursday last week, and while GlobalCapital can give the byzantine politics on Deutsche its best shot, one clearly welcome sign was a return to ordinary names.

Goldman Sachs this week announced the closure of its dedicated BRIC (Brazil, Russia, China and India) fund after nearly 10 years. The move signalled the end of the BRIC era, as this year saw recessions plague Russia and Brazil while growth in China stalled.

Tullett Prebon’s takeover of ICAP’s voice broking business is rich with symbolism and portent.

After a four month ban, IPOs are back on the table in China. But it appears some lessons have been learnt, with the rules being tweaked to prevent a repeat of this summer’s sell-off. The changes will ensure a less volatile secondary market and sets the stage for the country to adopt a market-driven regime for A-share listings next year, writes John Loh.

Julius Baer became the first foreign bank to issue a Singapore dollar-denominated additional tier one (AT1) this week. By doing so, the Swiss lender has joined a growing number of banks that are satisfying their capital needs through the country’s bond market, writes Rev Hui.

People often say life is a rollercoaster and it’s your choice to scream or enjoy the ride. This holds particularly true for those in finance.