Pre-migration untagged articles
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Dresdner Kleinwort will cut its equity research and cash equity team and let go of 150 staff — effectively meaning the combined bank will cease to cover UK equities.
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Bankers away from a TL50m tap of a 10% January 2011 European Investment Bank issue last Friday (February 6) were left struggling to understand the deal’s pricing, given that it yielded some 180bp less than a TL50m 10.5% February 2011 tap for KfW on Monday.
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Panellists at the American Securitization Forum conference in Las Vegas said on Tuesday that the credit crisis had opened up new opportunities for covered bonds in the US, even as it had called into question the idea that they are a rates product rather than a credit product.
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Hong Kong dollar investors bought large volumes of vanilla notes from highly rated issuers this week, and towards the end of the week began buying longer dated paper.
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Dealers of private EMTNs: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, self-led deals and issues with a term of less than 365 days.
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Merrill millionaires
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Stock exchange operator NYSE Euronext made a loss of $1.34bn in the fourth quarter of last year, leading to an overall loss of $738m for the year 2008.
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EBS Building Society and Irish Life & Permanent both returned with large trades yesterday after long absences, though it is unclear whether these are a result of the Irish government’s announcements on Wednesday or the timing is coincidental.
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BNP Paribas and Commonwealth Bank of Australia sold the first third party dollar CMS range accrual notes of the year on Tuesday, a pair of $10m notes placed by Royal Bank of Scotland.
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Standard Life, announced on Thursday a policy about-turn and is to compensate investors in one of its pension funds after losing money through investing in mortgage-backed assets. Some £100m will be injected into its Pension Sterling Fund
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The corporate market reawoke in Switzerland this week as E.On raised Sfr425m and Philip Morris Sfr500m, taking advantage of pent-up demand after a brief hiatus in supply from the sector.
