North America
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A big MBS settlement and a continued slump in trading and fixed income, currencies and commodities businesses slashed net earnings at Goldman Sachs by 65% in the fourth quarter of 2015. -
The Province of Manitoba has returned to euros early in 2016, printing €45m of 25 year paper through Scotia Capital.
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Canada’s Office of the Superintendent of Financial Institutions (OSFI) could allow the country’s banks to issue more covered bonds. The supervisor will begin a consultation this year which may lead to a change of the 4% limit on covered bond issuance.
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Lloyds, Dexia Crédit Local and Wells Fargo have all sought dollar funding this week, turning away from a bare European market to take advantage of a brighter tone in the US after bank results.
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The dollar has been left as the only accessible currency for European banks looking to print benchmark debt so far this week, as even covered bonds succumb to a global market rout.
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The Province of British Columbia (BC) has announced price guidance for its upcoming Panda bond, which is set to go live on Thursday.
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BeiGene is looking to raise $132m from a Nasdaq IPO, with the firm kicking off bookbuilding on Tuesday for what will be the year’s first listing of a Chinese issuer in the US.
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Forcing more companies to register as swap dealers would be "destabilising" to banks and "would undermine rather than promote proper risk management" among banks and their customers, according to counsel for the American Bankers Association.
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Derivatives traders are positioning for more pressure on crude oil prices as Iranian production comes on line and the global supply glut continues.
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Markets and banking helped drive Citi’s better-than-expected fourth quarter earnings, but the results still failed to convince investors that the bank has a clear path to growth.
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Chinese company Haier has enlisted three lenders to fund its $5.4bn acquisition of Kentucky headquartered GE Appliances.
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The Province of British Columbia (BC) is set to price its debut Panda bond on Thursday, January 21. The up to Rmb3bn ($457m) three year offering is being marketed at a range of 2.6%-3.0%, several sources have told GlobalRMB.
