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Bank of America has appointed Snigdha Singh to head up its rates trading team for Europe, the Middle East and Africa.

A hefty increase in revenues from rates and credit trading helped Deutsche Bank’s investment bank in the fourth quarter, but the division still made a loss.

New dynamics are appearing in the sustainability-linked loan market, as the product balloons and banks prepare for more intense scrutiny of their green lending activities. The trends highlight how unformed and confusing this young market still is, writes Jon Hay.

The European Central Bank has promised to undertake “shorter term” initiatives to move the eurozone closer to a Banking Union, conceding that member states were finding it challenging to implement the full long-term overhaul.

It has been the busiest start to the year on record for both CEEMEA and emerging market bonds globally, and the enthusiastic printing shows little sign of abating. New issues in the secondary market have mostly performed strongly, and high redemption volumes this year will have investors flush with cash.

The Gabonese Republic has released price guidance on its first benchmark Eurobond since 2015.

Vakifbank printed its $750m 5.25% 2025s on Wednesday from a book that reached higher than $4.3bn at its peak, but the note was seen below re-offer in London’s secondary market on Thursday morning.

JP Morgan has hired William Vereker, former global co-head of investment banking at UBS and business envoy to former UK prime minister Theresa May, to be vice-chairman for investment banking in Europe, the Middle East and Africa.

Moody’s Investors Services has beefed up its coverage of environmental, social and governance (ESG) factors, naming a veteran analyst as its first global head of ESG.

Société Générale has appointed a new head of debt capital markets for central and eastern Europe, the Middle East and Africa, to replace Cécile Camilli.

Development Bank of Kazakhstan (DBK) is embarking on a roadshow to market a tenge-denominated Eurobond.

The Republic of Ghana is visiting investors in the US and London with a plan to print a dollar benchmark. But the delegation’s rumoured size has led to surprises before the meetings have started.