Pre-migration untagged articles

The dollar market felt the pinch this week, with investors holding back as 10 year yields rose above 5%.

Our comments on Wachovia Corp last week have attracted considerable interest. Everyone agrees that Wachovia is a great banking name. "One of the very best in the US, and Ken Thompson has a great eye for good acquisitions," said a senior Merrill banker who specialises in financial institutions.

The Sunday Times' Rich List, which appeared last weekend and purports to reveal the 1,000 wealthiest people in the UK, was, as always, a bestseller. Why did it fly off the shelves?

The Russian government announced this week that within two months it would have the means in place to start investing part of the $61bn of cash in its stabilisation fund in the international capital markets.

Standard & Poor's lowered the Republic of Poland's credit outlook from positive to stable on Monday, citing political uncertainty and lack of clarity over structural economic reforms and fiscal consolidation.

Sovereign Bancorp, the US thrift, this week became the latest issuer to circumvent the National Association of Insurance Commissioners' baffling views on hybrid securities by choosing the uncontentious and traditional route of issuing $25 par perpetual preferred non-cumulative securities.

Sovereign Bancorp, the US thrift, this week became the latest issuer to circumvent the National Association of Insurance Commissioners' baffling views on hybrid securities by choosing the uncontentious and traditional route of issuing $25 par perpetual preferred non-cumulative securities.

Morgan Stanley has quit as a bookrunner on the $300m flotation of Russian meat processing company Cherkizovsky, after a disagreement over the company's value.

A series of resignations in Société Générale's London bond trading team has left its credit trading desk "in a mess", according to former SG employees.

Table one: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, self-led deals and issues with a term of less than 365 days. Table two: Non-syndicated deals for less than $250m. Rankings in both tables on amount (total proceeds). EuroWeek runs these tables every Thursday. Both tables use the group facility that links subsidiaries to group heads. These tables only use issues for which the bookrunner/lead dealer is known.

A variety of products figured in the structured EuroMTN market this week, in the absence of any dominating trend.

Oh dear! It would seem that we set the cat among the pigeons with our friends at Nomura, the greatest brokerage house in Japan and once Emperor of all it surveyed in the securities markets.