Pre-migration untagged articles
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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.
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Fitch has downgraded MBIA’s financial guarantor rating, from AAA to AA with a negative outlook.
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JP Morgan has made several bankers redundant in its financial institutions debt capital markets (FIG DCM) business in Europe and on its syndicate desk, EuroWeek understands.
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The sweeping reform announced on Monday by the International Monetary Fund faces an uphill battle to make it through the US Congress, experts who follow the institution have told EuroWeek’s sister publication, Emerging Markets.
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Greg Fleming, president and COO of Merrill Lynch, is proud of the firm’s record at avoiding some of the worst excesses of bull market leveraged lending. In the second part of an in-depth interview, he tells EuroWeek’s Toby Fildes that Merrill pushed itself from 12th to 5th in leveraged finance without squandering its balance sheet. Now that the market has soured, the last thing he wants to do is sell good positions to hedge funds at deeply distressed prices.
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Markit, the provider of a range of data valuation and derivatives processing services, announced yesterday (Thursday) it has acquired NTC Economics, which produces the widely watched Purchasing Managers’ Index reports, for an undisclosed sum.
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New Star Asset Management has hired two UK equity fund managers to turn round the poor performance of its funds that resulted in the outflow of cash and an operating profit warning.
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NRW.Bank has made its inaugural issue under its new STERM (Short Term Bond Programme), which it is using to differentiate itself from non-agency borrowers and attract more interest from quality investors such as central banks.
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The mood lightened in the commercial paper market this week as spreads for some ABCP conduits tightened and relatively light maturities eased pressure on dealers.