UK

The Brexit vote has damaged banks’ UK hiring plans and left their revenue projections in tatters, but the country’s status as Europe’s biggest fee pool will remain intact, writes David Rothnie.

UBS and three other banks are working together to apply blockchain technology to making payments and settling transactions in financial markets.

Activity in equity capital markets looks to be growing after a summer lull. Several large transactions have either been announced or completed in Europe and Africa.

Gilt-edged market makers and investors are calling for the UK Debt Management Office to sell a long dated conventional syndication in October and follow it with an index–linked deal in November.

Barclays on Tuesday announced an additional tier one trade in dollars, taking advantage of an empty despite strong conditions. The deal is expected to be priced on Wednesday.

Singapore Exchange (SGX) and the Baltic Exchange have agreed terms for a recommended share offer as the Asian company looks to proceed with a proposed acquisition.

Intercontinental Exchange has battled to deflect a potentially deal-busting challenge of its takeover of Trayport, the trading software company, by the UK's Competition and Markets Authority.

Rating: BBB

Deutsche Börse has completed the share exchange offer for its planned London Stock Exchange merger with a final acceptance ratio of 89.04%, far in excess of the required threshold despite a shaky start.

The Bank of England’s revamped quantitative easing programme hit an early snag last week when the central bank failed to source enough Gilts on just the second day of purchases.

A handful of small deals enlivened a typical August week for ECM activity in London, with the Alternative Investment Market at the centre of the action.

UK real estate investment trust Capital & Regional is "in advanced discussions with lenders" to refinance a £380m loan after planning the deal since March.