Pre-migration untagged articles

“The flying saucers have landed”

US regional banks released a mixed bag of second quarterly results this week with SunTrust doing better than analysts had expected, Regions Financial and KeyCorp slightly worse, and Wachovia just as bad as all had feared.

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.

Investor interest in European commercial paper issued by banks picked up this week, as positive news in the sector improved sentiment.

Asian demand for callable zero coupon notes continued to prop up the EMTN market this week, though the most eyecatching deal emerged in Europe.

Credit indices staged an impressive rally over the last few days, until the late sell off in the equity market in the US yesterday (Thursday). Whether the improvement was justified is a different question.

Credit Suisse yesterday (Thursday) reported results that exceeded analysts’ expectations and sparked a rally in its shares.

Depfa Deutsche Pfandbriefbank rolled back the years in the covered bond market this week, building a Eu4.5bn book for its Eu2bn two year benchmark in just an hour and a half on Tuesday, in a deal that recalled the excitements of the bull market.

Fitch warned this week that 20% of European CLO managers could disappear in the next three years.

The UK’s Financial Services Authority this week launched an insider dealing prosecution against former Cazenove partner Malcolm Calvert.

Markit, the data and valuation company, and the Depository Trust and Clearing Corp have joined forces to create a new, as yet unnamed, trade processing and confirmation firm.

Lear Corp.'s $2.6 billion term loan was terminated after shareholders voted down Carl Icahn's American Real Estate Partners' offer to buy the rest of the company.