Pre-migration untagged articles

Australian bank Macquarie is making its push into European investment banking with the recruitment of more senior bankers for its teams in London and Frankfurt.

European commercial paper investors desperate for yield are being forced to look at issuers previously out of favour as borrowers with ample liquidity tighten spreads further.

“Don’t try to get in touch with me by cellphone,” Warren Buffett told Fortune’s Most Powerful Women summit in California this week. The reason? He didn’t recognise the sign for an answering machine message about a year ago. The message turned out to be from Bob Diamond asking him if would insure a Barclays bid for Lehman Brothers.

Dealers of private EMTNs: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, GSE issuers, self-led deals and issues with a term of less than 365 days.

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UBI Banca experienced one of the fastest official bookbuilds for a covered bond when its Eu1bn seven year obbligazioni bancarie garantite debut attracted more than Eu6.5bn of orders in just 15 minutes this week.

Barclays Bank could reopen the UK covered bond market soon with a debut public issue.

The covered bond industry should not lose time in working towards further convergence and harmonisation, Michel Stubbe, head of division, market operations analysis at the European Central Bank, said at the European Covered Bond Council plenary in Copenhagen this week.

Russian oil and gas company Gazprom placed a $600m three month commercial paper issue on Monday via UBS. The deal opens up a new source of finance for the Russian issuer. The paper yields 3.4%.

Financial advisory broker Lazard has hired Charles Foreman as a managing director of its UK capital markets advisory and M&A business. Foreman recently left Deutsche Bank after seven years. Most recently he was a managing director in its UK coverage team.

Dealers of private EMTNS: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, GSE issuers, self-led deals and issues with a term of less than 365 days.

Deutsche Pfandbriefbank launched a Eu1.5bn five year mortgage backed Pfandbrief issue this week, the first jumbo covered bond for the Hypo Real Estate group since it was bailed out by the German government in September last year.