UK

Credit Suisse has appointed a new head of its equity-linked debt business in EMEA, following Frank Heitmann’s move to a senior investment banking coverage role.

Countrywide, the UK-based estate agent, is close to ending an unpleasant chapter of its history after completing an emergency equity capital raising, with a large number of investors taking up their shareholder rights during an open offer.

International Finance Corporation mandated banks for a new sterling benchmark deal on Monday, with the issuer returning to the currency for the second time this year.

The UK’s Octopus Investments has signed a £174m loan package to refinance a biomass and landfill gas portfolio.

Dealers are exercising bargaining power and protecting against increased regulatory costs by charging more for non-cleared interest rate swaps, according to a new report by the Bank of England (BoE).

Sensyne Health, an artificial intelligence company listed on the Alternative Investment Market in London, is trading 18.6% above its IPO price, making it the latest success for the UK mid-market IPO sector.

Sensyne Health, the UK healthcare artificial intelligence company, has traded up nicely after the company priced its IPO on London’s alternative investment market (AIM).

The large British banks have just completed one of the most complex structural reforms they’ve ever undertaken, severing their UK retail businesses from their wholesale operations to meet ringfence regulations. The sheer disruption of the changes has led competitors to scent blood, while the UK banks have been anxious to reassure their clients that nothing will change.

The UK government has said that it will provide full access to documents required to carry out an investigation into the supervision of the Co-operative Bank between 2008 and 2013, following criticism of the review’s protocol from the UK Treasury Select Committee.

The cost of buying credit default swaps on Turkish five year government debt has stopped its upward trajectory and eased lower, even as the country’s standoff with the US continues.

Standard Chartered has appointed a new head of syndicate, as well as a new head of DCM West and DCM East.

A note by law firm Mayer Brown has advised counterparties trading with International Swaps and Derivatives Association (ISDA) documentation to consider special amendments if they want their contracts to take into account the effects of negative interest rates, referencing a recent court decision.