Pre-migration untagged articles

A Connecticut judge has ordered UBS to post a $35.6m bond over a lawsuit accusing the bank of fraud in the sale of CDOs to hedge fund Pursuit Partners.

Moody’s assigned a Prime-2 short-term corporate rating to Gazprom’s $4bn commercial paper programme on Tuesday.

Dexia Municipal Agency launched a Eu1bn seven year obligation foncière issue this week, which encountered brisk demand despite it being the fourth jumbo for the Dexia group since its return to the covered bond market in May.

There’s been some serious soul-searching going on among investment bank chief executives this week — or have they just been talking their own books, again? While well-capitalised Deutsche Bank boss Josef Ackermann warned that many banks would need to raise more capital, Goldman Sachs’ Lloyd Blankfein also had plenty to say.

Weak employment data and sharp falls in retail sales and the amount of housing finance raised led to a busy Thursday in the CP market for Australian issuers as investors sought to profit from the volatility.

Banco Pastor priced a Eu1bn four and a half year cédulas hipotecarias issue on Thursday afternoon at 75bp over mid-swaps as a broad range of issuers circled the covered bond market.

Bank of Ireland and Deutsche Pfandbriefbank launched comeback deals this week that showed the covered bond market to be open to as broad a range of credits as it was before the collapse of Lehman Brothers just under a year ago.

IKB Deutsche Industriebank sold the tightest SoFFin guaranteed bond yet on Tuesday, a Eu2bn three year deal priced at 8bp over mid-swaps, as investors grabbed what might be one of their last chances to buy government guaranteed bank debt.

Drake Management's David Hinman and Ray Zucaro have set up a California based asset management firm- SW Asset Management. The firm is launching a long/short credit fund with an emphasis on global emerging markets.

"Dear Investor, With Profound Regret, Alchemy is not what it was." So Jon Moulton began his letter of early resignation from Alchemy, the private equity firm he founded in 1997. "Dominic Slade now wishes to convert the firm to a specialist financial services firm.