Markets news
M&A: Energy consolidation on cards as oil price tanks
US high-yield feels full force of oil price collapse
Clearing: European banks weigh up US dollar clearing options
'Super-systemic' CCPs need a TLAC of their own
Bank intraday tools get mixed reception
Columns
Macaskill on markets: Sunset approaches for the Sun King
Against the tide: Italy is a boiling frog
Inside investment: Oil – let it flow, let it flow
Off message: Introducing Ana, the new chair of Santander…