Pre-migration untagged articles

Morgan Stanley agreed to pay $46m this week to settle a sex discrimination lawsuit brought in the US against its wealth management group.

Equity holders in a synthetic CDO have been awarded a 145% return, after Pearl Group, a London based insurance company, and NewSmith Financial Solutions unwound the transaction early.

The Financial Services Practitioner Panel (FSPP) and the Smaller Businesses Practitioner Panel (SBPP) have both welcomed the Financial Services Authority (FSA)’s clarification of its progress towards a more principles-based approach.

OP Bank Group, the Finnish co-operative banking group, plans to become the third issuer from the country to enter the covered bond market.

There was a host of rumours and stories in the European credit default swap market this week, mostly relating to private equity potentially bidding for individual companies, but few had any real substance. "There are 10 rumours a day and one proper story," said a trader.

Demand for sterling CP dried up this week as investors worried about the size and timing of future rises in interest rates.

BNP Paribas priced P&G Alternative Investments’ third CDO of asset backed securities on Monday. Zoo ABS 4 Plc refinances P&G’s first ABS transaction launched in 2002, with that deal’s assets making up 70% of this transaction’s portfolio.

Dollar swap spreads were bid wider yesterday (Thursday) after trading in a tight range for most of the week. The sharper bid was particularly evident at the front end of the curve.

Banco Santander Central Hispano shrugged off the bad news coming out of the Spanish real estate sector this week to price its Eu3bn two tranche cédulas issue at tight levels.