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  • The rabble of the MTN world were this week treated to an evening with a touch of class, as they descended upon the Norwegian ambassador’s residence for Kommunalbanken’s reception.
  • Bond Bitch We were devastated to hear of James “Buns of Steel” Garvey’s departure from Goldman Sachs. That’s right — the man whose rock-hard gluteus maximii have graced the pages of this blog since the very beginning — will no more feature in the Euroblog. But while he’s giving up banking, we understand James is staying true to lycra hot pants and will continue his love of cycling.
  • Like many loans bankers, Loan Ranger has spent a lot of the week digesting. Digesting how the world was (we hope) saved from financial Armageddon, and digesting the bleak outlook for next year over lunches and drinks at a series of conferences in London.
  • A new style of over-the-counter derivative that caps downside and upside potential the way an equity collar would, but more cheaply, is set to be unveiled today.
  • Nearly two weeks after the bankruptcy of Lehman Brothers, structured finance trustees are bracing themselves for the fallout from the biggest default ever.
  • The following directory includes year-to-date search and hire activity for high-yield, distressed debt and CDO managers.
  • The following directory includes year-to-date search and hire activity for high-yield, distressed debt and CDO managers.
  • GMAC RFC and Kensington Mortgage are preparing a £3.56 billion ($7 billion) residential mortgage-backed securitization.
  • The following directory includes year-to-date search and hire activity for high-yield, distressed debt and CDO managers.
  • The following directory includes year-to-date search and hire activity for high-yield, distressed debt and CDO managers.
  • Bond Dame We hacks love this time of year — all the borrowers are in town so the banks have to lay on lavish entertainment and sometimes we get invited along. BNP, Barclays, Merrill Lynch and RBC all asked us to their parties — shame on HSBC for not inviting us to their wine tasting. Probably afraid their bankers might give us something to write about.