Pre-migration untagged articles

WestLB has signed its new structured investment vehicle (SIV), Kestrel.

Thirty year swap spreads narrowed this week after the US Treasury reported that it is to increase the number of 30 year bond auctions from twice yearly to quarterly. The size of the auctions is to be increased as well.

With greater opportunity comes greater competition. The revival of European acquisition activity this year has given rise to fierce competition among banks for those mandates that come with the lure of ancillary business. Graeme Neill reports on the difficulties banks face when using syndicated loans to attract more lucrative side business.

Bank of America this week put flesh on the bones of the European pro-rata CLO, launching the first entirely cashflow deal to be fully operational at launch for Harbourmaster Capital, worth Eu600m.

The Bank of England's unexpected decision to raise interest rates by 25bp to 4.75% shocked the financial markets yesterday (Thursday). The decision came nearly a year after the Monetary Policy Committee's last change to the cost of borrowing in the UK, a 25bp cut.

The Bank of England's unexpected decision to raise interest rates by 25bp to 4.75% shocked the financial markets yesterday (Thursday). The decision came nearly a year after the Monetary Policy Committee's last change to the cost of borrowing in the UK, a 25bp cut.