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Matt Eastwick, a credit derivatives marketer to corporates at Deutsche Bank in New York, has left the firm and will be joining Merrill Lynch in a similar role.

Macquarie Bank is looking to launch investment structures linked to domestic leveraged loans in the coming months, which could potentially incorporate credit derivatives.

Corporate and mortgage lenders, expecting long-term interest rates to break out of range and shoot up, are buying rate locks at a faster clip to hedge future floating-rate bond issues and extension risk.

Merrill Lynch is continuing to issue equity-linked warrants into Taiwan, in spite of the market being boycotted by domestic participants.

Equity derivative sales staffers covering Scandinavia have been a hot commodity recently.

Wachovia Securities International is launching a debt principal finance business in London and hired Tom Burke, previously at Dresdner Kleinwort Wasserstein, as a managing director to head the group.

London's Court Of Appeal has overturned a case in which alleged oral misrepresentation by a structured product sales official was held to have over-ridden written terms and conditions of the instrument.

Deutsche Bank is touting managed long/short asset-backed transactions which can incorporate buckets of credit derivatives.

JPMorgan has hired Michael Chun and Darol Ryan as v.p.s in equity derivative sales reporting to David Lockyer, head of North American institutional equity derivative sales.

Shares in German chemical company Wacker Chemie rose 22% when they started trading on Monday after the company's Eu1.2bn IPO — the biggest from Germany for a year — and immediately sparked a debate about overheating in the European equity markets.

Barclays Capital has hired a German equity derivative sales team and also a hedge fund salesman, in a buildout of its sales coverage in London. Dirk Schremmer, Wolfgang Stefan and Axel Kaiser, all join from Morgan Stanley to cover sales to Germany and Austria. Walid Maaouni joins from Citigroup and will sell equity derivatives to hedge funds. The titles of all four and details of their roles could not immediately be determined.

Michael Raynes, global co-head of the securitized product group, has left Deutsche Bank.