North America
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Some big, highly rated US companies have in the last few months begun to negotiate 'holidays' from their credit support annexes - the arrangements with banks that protect both sides when they engage in derivatives transactions. -
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Guy Gibson is becoming global head of institutional brokerage at Northern Trust.
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This week the US Federal Reserve side-stepped the question of whether it should apply new liquidity and capital rules to the US branches of foreign banks, publishing proposals that instead focused on tailoring requirements for their intermediate holding companies (IHCs).
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Standard Chartered is paying $1.1bn in penalties to US and UK authorities in relation to breaching rules relating to sanctions and financial crime. This exceeds the $900m provision the bank announced in February for sanctions fines.
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The US Securities and Exchange Commission should take the opportunity of errant tweeting from Tesla boss Elon Musk to figure out how it transitions to a more modern way of regulating market communication.
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In this round up, US president Donald Trump claims DC trade talks solved some of toughest problems, FX reserves rise again, and Caixin PMI brings confidence in China’s economic recovery.
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Life insurers and Yankee banks had the dollar market to themselves, this week, as US banks prepared to kick off first quarter earnings season.
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French construction company Vinci took advantage of a lull in supply and favourable financing conditions to make its long-awaited dollar market debut.
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Barclays’ corporate and investment bank has reached the endgame in its fight to boost returns following the departure of Tim Throsby, as group CEO Jes Staley takes control for the second time in three years.
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Canada Mortgage and Housing Corp has made an internal appointment for its new treasurer.
