UK
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Indian lender Yes Bank signed a memorandum of understanding with the London Stock Exchange (LSE) on Tuesday to develop bond and equity issuance that focus on green infrastructure finance. -
Deutsche Bank is set to lose the head of its European investment grade credit trading business.
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As part of plans to grow its derivatives business, Mizuho International has begun to clear euro and dollar interest rate trades through LCH.Clearnet’s SwapClear.
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Clydesdale and Yorkshire Bank Group, the UK mid-sized bank being spun off by National Australia Bank, has set the price range for its London IPO at a level that it hopes will prove compelling to investors in spite of market volatility.
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Simon Allocca, head of loan markets at Lloyds Bank, is moving to a new job at the bank.
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The London Stock Exchange’s Order book for Retail Bonds — ORB — received lower issuance in 2015 than in 2014. The main reason was the strong return of banks to the lending field, supplemented by institutional direct lenders. But much made 2015 a year of advances and the mood was far from glum as seven ORB market participants came to the LSE to discuss a wide range of topics, including regulation, liquidity and defaults.
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Ascential and Countryside Properties this week swelled the ranks of London’s declared IPO hopefuls, which already included CMC Markets and CYBG, as the UK ramps up to what is expected to be a busy IPO season.
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CMC Markets, the financial spread betting firm founded by Peter Cruddas, has announced its long-expected intention to float in London.
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Covered bonds issued this week from Lloyds and Bank of Nova Scotia were among the largest seen this year and attracted the biggest order books.
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Law firm Dorsey & Whitney has hired a partner as part of its expansion in the private equity and acquisition finance sectors.
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Standard Chartered has revealed the new management structure of its global capital markets team following a highly publicised restructuring last year. Leading the revamped capital markets unit is Henrik Raber, who told GlobalCapital Asia this week that he is confident the bank will be able to stand strong amid changes. Rev Hui reports.
