Swiss counterparties kick off trade reporting
Financial counterparties in Switzerland had to start reporting derivatives trades to repositories on Monday, as required by the country's Financial Market Infrastructure Act.
View ArticleGlenveagh’s accelerated €550m IPO for Irish homes is covered
The second recent IPO of a cash shell to finance house building in Ireland began today, when Glenveagh Properties set out to raise €550m on the London Stock Exchange, with a listing in Dublin as well.
View ArticleAngry Birds IPO delights, then disappoints in trading
Rovio Entertainment, the Finnish developer of the Angry Birds mobile game, has had a bumpy start to its stockmarket life, as the initial pop in its share price fizzled out on Friday afternoon and the...
View ArticleHapag-Lloyd chips at debt mountain with €352m rights issue
Shares in Hapag-Lloyd, the German container shipping line, are holding up well as the subscription period for its €352m rights issue begins.
View ArticleDividend prices inaugural ABS deal
Dividend Solar priced its first solar ABS transaction at the end of last week, as market chatter around the asset class increases on the back of rumors of more issuance during last month’s ABS East...
View ArticleSoFi rolls out new deal amid exec reshuffle
Online lender SoFi is in the market with a new deal backed by refinanced student loans, as the company continues to deal with the departure of senior executives and allegations of misconduct which...
View ArticleDespite losing Sifi designation AIG is still ‘too big to fail’
The decision to strip AIG of its designation as a systemically important financial institution (Sifi) says more about the arbitrary and confusing nature of the Sifi designation process, rather than the...
View ArticleJC Flowers continues OneSavings Bank exit with £79m sale
Investors got another chance to build up more exposure to the UK’s flourishing challenger banking sector on Tuesday night when JC Flowers, the US private equity firm, launched another block trade of...
View ArticleEIB readies sterling tap
The European Investment Bank (EIB) has picked two banks to run the books for its eighth sterling trade of the year.
View ArticleA green capital cut is a bad plan: measure risk, not political appeal
For politicians looking for policy tools, bank capital regulations are a blank canvas. But using prudential regulation to direct lending to favoured causes lacks transparency, obscures difficult...
View ArticleFSB sets out UPI governance arrangements
The Financial Stability Board (FSB) has laid out what it believes are the critical elements required for the governance in the provision of unique product identifiers (UPI) for the derivatives market.
View ArticleThe crypto market is growing up
The Wild West days are not over in the cryptocurrency market, but the shoots of a more civilised and reliable market are beginning to poke through.
View ArticleThe robots are coming, but for whom?
Once again, fintech was a hot topic at the annual ABS East conference in Miami Beach last month. But unlike in the past, the focus was not on the newest trend among marketplace lenders or payments...
View ArticleCiti and Miliband launch partnership to train young refugees
With 65m people displaced worldwide, the refugee crisis can seem insurmountable. But despite this daunting scale, initiatives are being tried that could help some of those affected. Citigroup’s...
View ArticleHyatt portfolio, Standard Hotel set for CMBS as JPM warns on sector
Lone Star’s portfolio of Hyatt properties and a Hong Kong fund’s loan on the Standard Hotel in Manhattan are both expected to surface in the CMBS market soon, as JP Morgan warns the sector still has...
View ArticleABS to weather federal student loan defaults, but pressure builds for borrowers
An uptick in the three year federal student loan default rate is not likely to dampen the performance of Federal Family Education Loan Program (FFELP) ABS, but will be a drag on household balance sheets.
View ArticleConsumer finance pro takes the helm at Renovate America
Former Discover Bank CFO Roy Guthrie has been tapped to replace JP McNeill as CEO at residential Property Assessed Clean Energy (PACE) shop Renovate America.
View ArticleHeavy hitters return to European CLO market
BlackRock and GSO are back in the European CLO market this month, following four deals in September from Accunia, Tikehau Capital, Cairn Capital and Partners Group.
View ArticleEC favours ECB's CCP amendments
On Tuesday the European Commission (EC) voiced favour for statute amendments that would increase European Central Bank (ECB) regulatory powers over central counterparties (CCPs).
View ArticleSiemens lights up blocks market with €1.2bn Osram exit
Siemens, the German engineering group, is selling nearly all its stake in Osram Licht, the Munich-based lighting company it span off in 2013, via an accelerated bookbuild led by Citigroup and Deutsche...
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