United States

Lloyds Banking Group was the only FIG issuer to brave the senior unsecured dollar market this week as Wall Street’s biggest banks postponed their traditional post-earnings dash and issuance stalled at a seven-year low.

Talk about dry January. It hasn’t been the fizzy start to the year that European capital markets specialists were hoping for.

Veritas Technologies, the US software firm that Carlyle Group is buying from Symantec, will aim to complete a revised $7.4bn sale next week after failing to secure financing in November.

Barclays insists it can continue to thrive in Asian and emerging markets equity financing and equity derivatives, even while closing its cash equities businesses in those regions. It also wants to strengthen its core investment banking activity in Europe and the US.

A big MBS settlement and a continued slump in trading and fixed income, currencies and commodities businesses slashed net earnings at Goldman Sachs by 65% in the fourth quarter of 2015.

Lloyds, Dexia Crédit Local and Wells Fargo have all sought dollar funding this week, turning away from a bare European market to take advantage of a brighter tone in the US after bank results.

The dollar has been left as the only accessible currency for European banks looking to print benchmark debt so far this week, as even covered bonds succumb to a global market rout.

BeiGene is looking to raise $132m from a Nasdaq IPO, with the firm kicking off bookbuilding on Tuesday for what will be the year’s first listing of a Chinese issuer in the US.

Forcing more companies to register as swap dealers would be "destabilising" to banks and "would undermine rather than promote proper risk management" among banks and their customers, according to counsel for the American Bankers Association.

Derivatives traders are positioning for more pressure on crude oil prices as Iranian production comes on line and the global supply glut continues.

Markets and banking helped drive Citi’s better-than-expected fourth quarter earnings, but the results still failed to convince investors that the bank has a clear path to growth.

Chinese company Haier has enlisted three lenders to fund its $5.4bn acquisition of Kentucky headquartered GE Appliances.