North America

Bankers expressed concerns about widening high-grade spreads after the Federal Reserve this week completed its u-turn on monetary policy by signalling it will refrain from raising interest rates for the rest of the year.

TD Securities has hired a senior corporate bond syndicator in New York following the departure of another banker who left to rejoin his old firm, Deutsche Bank.

Deutsche Bank has added two senior bankers to its Americas debt syndicate desk in New York as it looks to build on a strong start to the year in investment grade DCM.

Swiss franc investors leapt headlong into the Brexit turbulence on Thursday morning, giving a solid reception to the first Swissie deal of the year from a UK corporate borrower.

US President Donald Trump’s nominee for head of the World Bank, David Malpass, will be examined by the bank’s executive directors on Monday, GlobalCapital can reveal. By Phil Thornton.

UP Fintech raised $104m from its Nasdaq IPO this week after pricing its float above the initial marketing range.

In this round-up China’s new Foreign Investment Law is tipped to spark a wave of capital inflows, the US and China attack each other’s human rights records, Bank of China (BOC) expects onshore bond yields to fall but offshore ones to stabilise

This year’s bull market in credit and equities stems from central banks trying to soften the blow of a downturn, rather than from expectations of actual growth. This irony cannot last, for reasons of economics, policy and politics.

Lyft, the US ride sharing app, has hit the gas on its Nasdaq IPO this week, which promises to be the largest technology listing in New York since Alibaba floated in 2014. The deal is a fee bonanza for Lyft’s banks but it has also reignited the debate about dual class share structures. The LSE and UK regulators should maintain corporate governance standards, and resist competitive pressures to follow New York, Hong Kong and Singapore by allowing them.

The Depository Trust & Clearing Corp has agreed a deal to provide post-trade infrastructure services to enable SEB, the Swedish banking group, to meet its obligations under the Securities Financing Transactions Regulation.

US Solar Fund, the new investment trust focused on US solar power assets, has extended the bookbuilding period for its $250m IPO on the London Stock Exchange, citing political and economic uncertainty caused by the Brexit process in the UK.

The Japanese Financial Services Agency (JFSA) published risk retention rules on Friday that allow Japanese investors to avoid capital charges even if they buy debt from non-risk retention compliant deals.