UK

Carillion filed for compulsory liquidation on Monday, prompting floods of columnists to rush to display their hours-old knowledge of the UK outsourcing sector and denounce the firm’s borrowing strategy. But what the case proves is that each collapsing company is unhappy in its own way.

Tom Muoio, head of European leverage finance capital markets at Jefferies, who was appointed six years ago, will be leaving the bank, as former HSBC leveraged finance director Bala Ramesh joins the team.

Clayton Dubilier & Rice seized the opportunity to sell the last of its shares in B&M European Value Retail, the UK discount retailer, last Friday, after the company posted strong Christmas results.

MUFG has appointed Holly Villiers to a new role heading corporate banking for UK, Ireland and the Nordic countries.

The sterling corporate bond market had a very strong year in 2017. So it is somewhat surprising, especially given the strength of the euro corporate bond market, that the scorecard in the sterling market remains blank. However, there have been signs of life with a pair of roadshows announced this week.

The MiFID II requirement for banks to justify allocation decisions on equity capital markets (ECM) deals could encourage investors to make reverse enquiries to lead managers, write Sam Kerr and Aidan Gregory.

UK property website operator Zoopla announced the first deal of 2018 in the European high yield market this week, a sub-benchmark sized bond in sterling.

Westpac attracted substantial demand for its five year sterling floating rate deal on Thursday, with considerable investor liquidity ensuring a particularly attractive cost of funding.

JC Flowers sold the last of its stake in OneSavings Bank, the UK challenger bank, via a £95m accelerated bookbuild on Tuesday night.

Two US senators have scolded the European Commission's efforts to unilaterally change agreed rules for the oversight of foreign clearing houses in the wake of Brexit, backing the toughening position of Commodity Futures Trading Commission chairman Christopher Giancarlo.

Investcorp has hired Phil Yeates as managing director and head of European credit funds, after he had spent 24 years at Rothschild.

Chief executive of the International Swaps and Derivatives Association (ISDA) Scott O’Malia on Monday said that the trade body was preparing French and Irish law governed ISDA master agreements to be “ready for all eventualities” in the wake of Brexit.