Pre-migration untagged articles
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Banque AIG last Friday (October 17) breached a Moody’s rating trigger in its role as liquidity facility provider for Cédulas TDA 5, FTA. It is believed to be the first time this has happened on a
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Participants in the European commercial paper market believe that authorities are pressuring banks involved in the fixing of benchmark rates to set those rates at artificially low levels and this is hurting the market.
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Credit Suisse announced a net loss of Sfr1.3bn ($1.12bn) in its third quarter results yesterday. Its investment bank has lost Sfr2.2bn over the quarter, having written down Sfr2.5bn in leveraged products and structured credit, and its results are flattered by Sfr1.9bn fair value gains on its own debt.
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Participants in the credit default swap market are bracing themselves for billions of dollars of synthetic CDO unwinds and writedowns. The structures, which are long corporate risk through CDS, are in trouble as they usually referenced financial names like Lehman and Washington Mutual.
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The Financial Services Authority is reviewing its approach to assessing covered bonds and asset encumbrance, and says that in the meantime issuers must discuss in advance all plans for covered bond issuance.
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Frustration is mounting among local market syndicate bankers unable to execute niche currency deals, as traders report that 80% of the calls they receive are sell orders.
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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.