UK

Royal Bank of Scotland will begin a roadshow for a long awaited additional tier one (AT1) debut on Monday that will be dollar denominated and might feature multiple tranches.

The restructuring of Royal Bank of Scotland’s investment bank continued to cost it dear in the second quarter, and the process is set to accelerate in the second half of 2015.

Deutsche Bank, Goldman Sachs, Morgan Stanley and UBS are paying the most for analyst-level staff, according to salary benchmarking site Emolument.com.

Barclays investment bank revenues held firm in the second quarter, helping the bank post a strong set of results that sent its share price up on Wednesday.

China concerns have failed to dissuade European corporate borrowers from going about their capital markets business this week, with a number of bonds in the works and acquisition loans progressing.

China's recent stock market volatility has made some international investors more jittery about putting their money to work in the country's domestic markets, but it is not putting everyone off increase their exposure to Chinese assets.

The London Metal Exchange (LME) has accepted offshore renminbi (CNH) as eligible cash collateral for its clearing house, LME Clear, following regulatory approval from the Bank of England. LME Clear told GlobalRMB that the initiative laid the foundation for further expansion in the future.

Deutsche Bank has hired a credit index trader in London, reprising a business that it looked to have exited this year.

It is with great pleasure that GlobalCapital announces the nominees for its Global Derivatives Awards 2015. The winners will be unveiled at a gala dinner in London on September 24.

Acromas Bid last night responded to reverse enquiry for Saga shares by selling what was its third block in the UK insurance provider for £141m and what could be one of the last blocks before the August break.

Ashtead, the UK-based equipment rental company, has increased a credit facility to $2.6bn to fund an expansion of its fleet.

International schools operator Cognita on Tuesday began roadshowing its £280m bond, becoming the second borrower from the private education industry in the speculative grade market this year.