Pre-migration untagged articles

-- Kenneth Emery, a senior v.p. at Moody's Investors Service, on the expected number of defaults this year.

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.

UK CHANCELLOR Alistair Darling presented plans on Monday to finance private sector bids for Northern Rock. The £24bn of loans extended to the bank so far from the Bank of England would be replaced by bonds secured against Northern Rock’s assets and guaranteed by the government. These bonds would then be sold on to investors.

Carlyle Group’s Synthetic Loan Partners CLO will issue a second tap of Eu300m on Monday, a few days later than planned. The delay is not, as might be expected, because of turmoil in the markets, but because one party had not returned its documents in time, said a banker who knew the deal. He also confirmed that it was fully subscribed.

Wachovia Corp announced on Tuesday that its net income for the last quarter of 2007 amounted to $51m — the equivalent of a 98% drop on the same quarter the previous year.

We don’t know whether clever EuroWeek readers laugh or cry when they pick up their newspapers and read of wealthy foreign financial institutions handing over money at near-usurious rates to beleaguered US banks and investment banks.

American International Group is bailing out its $2.5bn Nightingale Finance SIV by buying notes issued by the vehicle and extending a repo line to it.

Some MTN dealers called it the most difficult and volatile week for the markets they could remember, but that didn’t stop a stream of big private placements across vanilla, equity and interest rate-linked sectors. And it wasn’t just high grade issuers who benefited, as bank names were prominent in many deals.

The US dollar may have been in freefall for most of last year, but if you want to become super-rich in a very short time, the US would probably still be our first recommendation.

On Monday, the Federal Reserve did not beat about the bush when it executed its biggest interest rate cut for 26 years and its biggest ever emergency rate cut.