Nomura

After a sharp slump in corporate finance revenues, investment banks are facing an uncertain second half of the year. If previous downturns are a guide, job cuts will be inevitable before a new market reality emerges to trigger the next wave of capital markets and M&A activity. By David Rothnie

Borrowers turn to defensive tactics after market deteriorates overnight

Jwalant Nanavati has been given more responsibilities at the Japanese bank

Both issuers needed to settle for static spreads that offered chunky concessions

Issuer followed trio of FIG borrowers into the market after day of jeopardy for UK government

Smooth ride for sovereign, but trade hints at wider investor unease about long end bonds

Canadian pension fund makes big-ticket commitment

Russia neighbour cruises through busy sovereign market that also hosts France linker

Southern European issuer has simple time in the market despite money tightening fears

The Italian lender has big challenges to resolve in Russia and at home but its corporate finance build-out is on a steady trajectory, writes David Rothnie

SSA issuers in the dollar market will attempt to break out of three year maturity comfort zone

Eurofima and FMO lining up deals at same tenor