Pre-migration untagged articles

DOMINION Bond Rating Service released its methodology for rating covered bonds on Wednesday.

In Switzerland, being chairman of UBS is like being a senior member of the royal family. The Swiss respect their banks, and they don’t come any more respectable than UBS.

Troubled monoline insurer CIFG Guaranty will be taken over by parent bank Natixis’s controlling shareholders, Groupe Banque Populaire and Groupe Caisse d’Epargne, who have pledged to inject $1.5bn into the insurer.

Nordea Hypotek priced its Eu1.25bn three year Swedish covered bond at 2bp over mid-swaps last Friday (November 16), ahead of the deterioration in conditions this week and after leads Barclays, Natixis, Nordea and UniCredit built a book of just over Eu2bn.

Nordea Hypotek priced its Eu1.25bn three year Swedish covered bond at 2bp over mid-swaps last Friday (November 16), ahead of the deterioration in conditions this week and after leads Barclays, Natixis, Nordea and UniCredit built a book of just over Eu2bn.

What has been one of the most significant changes since the credit markets started going pear-shaped six months ago?

ACA Financial Guaranty Corp has had its A rating from S&P placed on CreditWatch negative.

A rogue fixed income trader at Toronto Dominion Bank in London was able to hide his losses by falsifying trade prices and entering fictitious deals for two years because of lax controls, it emerged this week, after the UK’s Financial Services Authority took action against both TD and the trader.

SEB AB is looking beyond the turmoil in the market today as it lays the foundations for a long term presence in the euro market on its roadshow. Anders Kvist, head of group treasury at SEB, said that the Swedish issuer expects to issue one to two euro benchmarks a year and build a full curve.

Dollar swap spreads yawned wider this week as renewed large scale paying lit a bonfire under the market.