UK

Bank of America Merrill Lynch has reshuffled the senior management of its debt capital markets and corporate banking teams in London.

CME Group is set to introduce six currency futures on its European exchange, taking the number of crosses it has available to 36.

UK government bonds have suffered their biggest monthly loss in over 20 years this week, although the price had begun to recover by Wednesday morning, with a syndicated tap set for later this month.

Despite an IPO market strewn with casualties, three of the largest European IPOs of the year are progressing through bookbuild.

A five year loan for a subsidiary of Employees Provident Fund of Malaysia has entered syndication, three months after the leads were chosen.

The UK’s Financial Conduct Authority will look over some banks’ shoulders to make sure they are allocating IPOs fairly and is trying to get league table providers to reduce incentives for banks to engage in ‘league table trades’ in the equity blocks market.

JP Morgan’s credit product development group (CPD), formed in August and headed up by former syndicate global co-head Ryan O’Grady, has added seven new members.

The largest telecom services reseller in the UK, Daisy Group, on Tuesday opened a four day roadshow for its debut high yield bond, unfazed by Brexit tensions in the sterling market.

The UK’s Financial Conduct Authority has proposed to ban the use of restrictive clauses in deal documents that aim to tie bank clients of one service to other services in the future, and is also looking to clamp down on banks' use of league tables to pitch for business.

In a troubled European IPO market, the $1.8bn-plus flotation of ConvaTec, the UK medical supplies maker, is covered at its base deal size, three working days into the bookbuild.

Luceco, a maker of electrical wiring products and LED lights, made its debut on the London Stock Exchange on Monday after raising £93m, amid an IPO market in which many bigger and higher profile deals have come to grief.

Intercontinental Exchange is aiming to beat the London Metal Exchange in a race to offer a London gold futures contract, by rolling out a product in February to support central clearing.