UK
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UK self-storage company Safestore has amended around £255m of loans, reducing margins by 75bp as part of the firm's push for balance sheet flexibility. -
The London Stock Exchange Group (LSEG) has made RMB products available across its platforms and is pushing for the currency to become just one more option available to its clients. But product innovation will only proceed as quickly as Chinese regulators' desire to open up, according to LSEG's director of international development.
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UK law makes it tough for authorities to prosecute banks over Libor manipulation, so individuals look set to bear the brunt of the criminal investigations, with the first successful prosecution handing former UBS and Citi trader Tom Hayes 14 years in prison.
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Royal Bank of Scotland’s painful restructuring was rewarded by the capital markets this week as investors swarmed all over an equity block and threw $26bn at the state owned lender’s debut additional tier one bond.
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Barclays this week joined UBS and Royal Bank of Scotland in using strong second quarter results as a launchpad for additional tier one (AT1) issuance, printing its first standalone sterling trade.
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Jefferies has boosted its high yield trading business in London with the hire of a senior trader from Societe Generale.
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Credit Suisse has moved fast to appoint a director in high yield sales at its London office after the retirement from the business of long-serving Emma Balaam.
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UK chancellor of the exchequer George Osborne picked Monday evening to sell a much-hyped 5.4% block of shares in Royal Bank of Scotland.
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Bluefield European Solar Fund, perhaps the last prospective issuer on Europe’s IPO market in this otherwise barren summer season, postponed its flotation on Friday, July 31, blaming “unfavourable market conditions”.
