Pre-migration untagged articles

Lehman Brothers' bankruptcy filing has potentially left issuers of billions of dollars of structured notes unhedged and at risk of markets moving against their underlying positions. The next move for issuers in this situation is unprecedented.

Lehman Brothers has agreed to sell its North American investment banking and capital markets business to Barclays Capital.

Out of chaos comes order. A new world order in banking to be precise. That is, at least, what Ken Lewis is hoping for, following his brave and decisive acquisition of Merrill Lynch. His move is also likely to set off a round of copy-cat mergers as rival firms are compelled to match the scale and power of the new market leader.

The Bear Bar is back! Or at least for one night. Former Bear Stearns loan sales, high yield and leveraged finance alumni held a reunion at the Bear watering hole, Connolly's Pub, last week.

Dan Toscano and Tom Cole left Deutsche Bank to join HSBC as co-heads of leveraged and acquisition finance.

Elliot Ganz, Loan Syndication and Trading Association general counsel, on what would happen if one of the unfunded deals currently trading were to fall through.

Despite risk-averse market conditions, some credit derivative product companies (CDPCs) are still finding counterparties to do business with.

The debate over the consolidation of Germany’s state owned banks heated up this week after the European Commission criticised WestLB’s restructuring plans and BayernLB signalled that it was ready to sell a stake in its capital to an international investor. Goldman Sachs is advising BayernLB on the sale.

Of the 16 German regional development banks, NRW.Bank and L-Bank are by far and away the clear leaders when it comes to international bond issuance, having secured hard-fought reputations as agency issuers. However, their lead is expected to narrow as other state governments face up to increased funding requirements and encourage their own Förderbanks to look beyond domestic Schuldscheindarlehen and bearer bonds. Philip Moore reports.