United States

The US Federal Reserve Board has put forward a sweeping set of proposals to soften restrictions on proprietary trading under the Volcker rule, in a move that could free up banks to pursue more transactions related to underwriting and market making.

GDS Holdings added some much-needed diversity to Asia’s equity-linked market with its first print in the format on Thursday, which proved a hit with investors.

Chinese used car e-commerce platform Uxin began investor education for a potential $500m Nasdaq IPO on Wednesday, said a banker on the deal.

Nasdaq-listed GDS Holdings has opened books for its debut equity-linked transaction worth up to $300m, offering investors an unusual seven year tenor and non-call life feature.

Vodafone was welcomed with open arms in the US as it printed the biggest dollar bond in its history, executing a quick fire acquisition financing.

American household appliance manufacturer Whirlpool took the brunt of the damage from the volatility in the corporate bond market this week as it had to pull a deal just as investors were waiting for a final update. But it might not be the last issuer to struggle in the European investment grade corporate bond market, writes Nigel Owen.

The pre-summer IPO season is in full swing as issuers and banks look to lock in deals before investors pack their bags for the holidays.

Proponents of the ISDA Common Domain Model say that if properly implemented, it could generate major cost savings for financial institutions. But what is it, what prompted its creation and how could it work with distributed ledger technology?

The New York Stock Exchange is set to launch options on its tech FANG+ index on June 11 this year.

On Wednesday, US electrical appliance manufacturer Whirlpool became the second investment grade corporate borrower to pull a deal in a week. German energy company Innogy and Whirlpool both found the corporate bond market tough going on Wednesday, despite having employed two-day marketing strategies. Whirlpool, however, took the hardest hit.

Delaware-based chemicals group Chemours added to the surge of reverse Yankee issuers with a new euro deal this week, as sources report growing interest from non-European bond investors in the currency.

The Commodity Futures Trading Commission on Monday made two big moves to develop the oversight of cryptocurrencies and their derivatives, revealing a new agreement with state regulators and fresh rules for exchanges and clearing houses.