Pre-migration untagged articles

There is at last some positive news coming from JP Morgan. A managing director in New York telephoned to say that he loved our story about the Greek moussaka-makers’ union being short changed, but why was JP Morgan being roasted alive in public for having completed a transaction which was not at all unusual in several southern European countries?

Has Lehman Brothers taken its foot off the accelerator?" This was the question we were asked two weeks ago by a fund manager in London, who mischeviously added: "You usually seem to know what’s going on over there."

Can we expect a day of national mourning and a huge funeral procession after the demise of Prudential Equity Group?

Turmoil in the US subprime mortgage market took its toll on both Goldman Sachs and Bear Stearns in the second quarter this year, as both banks reported falls in turnover.

Another volatile week created opportunities for structured note investors in both the euro and dollar sectors.

Deutsche Bank has moved to the top of table two, after the settlement this week of a £100m six year fixed rate note for the EIB and two Sfr50m fixed rate issues for MBIA Global Funding.

The UK Treasury is expected to release draft covered bond legislation in the coming days. Market participants who have seen the consultation document say it proposes a much looser framework than those in other European countries.

WestLB overcame the volatile market and rising yields to sell a Eu1bn 10 year public sector Pfandbrief this week, with much of its success due to strong Asian demand.