Pre-migration untagged articles

Barclays warned this week in an interim management statement that it had made a first quarter loss of £1.006bn and wrote down £495m against ABS CDO super-senior exposure, and £1.214bn against other credit market exposures.

Volatile markets and more credit-related write-downs hurt all three of the Benelux banks that reported first quarter results this week. Worst-hit was KBC Group where its net income fell 44%, Fortis Bank was down 31% and ING Group by 15%.

It's the most wonderful time of the year...BNP Paribas will be hosting its investor conference Wednesday through Friday at the Cove Atlantis Resort in Nassau, Bahamas.

The bonds of bankrupt chemical company Solutia plummeted 18 points after a court ruled the securities did not entitle investors to a lien on any of the company's assets.

-- Ethan Manuel, corporate treasurer of Mentor Graphics, on choosing to negotiate early an amendment to the company's credit facility.

The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.

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.

Italian dairy firm Parmalat will pay out $40m of stock to settle a US class action lawsuit stemming from its collapse.

SIEMENS has become the latest big corporate name to turn to the Schuldschein market, and is planning to raise at least Eu500m with the instrument.

THE US credit default swap market widened going into the close yesterday (Thursday) after AIG announced back-to-back quarterly losses for the first time in its history.

Citigroup has merged its debt and equity origination divisions, following similar moves made by UBS and JP Morgan in recent weeks. The changes also involve a shake-up of regional bond syndicate reporting lines and big promotions for bankers associated with emerging markets, including Atiq-Ur Rehman.