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Monday, 11 December 2017

Alex Chambers' s stories

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  • Graduation ceremony

    UK revives student loan sale as fiscal hole deepens

    Top News | 03 November 2017

    The UK government will press ahead with the sale of a £3.7bn pool of student loans by the end of the year despite an ongoing review of university funding that could saddle it with a hefty compensation bill for investors that buy into the deal.

  • UK government resumes student loan book sale process

    Ticker | 31 October 2017

    The UK government has resumed the sale of a £3.7bn pile of student loans that it began in February before placing the deal on hold when a general election was called in April.

  • Libor phase out issues for structured finance:S&P

    Ticker | 20 October 2017

    With LIBOR and related IBOR benchmark references slated to be phased out after 2021, S&P Global Ratings performed an initial review of structured finance IBOR exposures.

  • UK and EU flags

    Sovereign trading drifts to the continent

    Top News | 04 August 2017

    Credit Agricole is moving its government bond desk to Paris in September, leaving BNP Paribas the only major continental bank to retain London as a sole sovereign bond trading hub and prompting fears that political pressure is being applied on banks to pull business out of the city.

  • Mortgage

    New EU rule imperils securitisation market

    Top News | 21 July 2017

    A new European Union rule apparently designed to stop self-certified loans from being securitised - but with much wider implications - caused mayhem in the structured finance market last week. Spreads widened as the refinancing of certain RMBS paper was put in doubt, while potential new RMBS and NPL deals were shelved or put at risk.

  • Greece

    Greece chooses banks for bond return - sources

    Ticker | 19 July 2017

    Greece has hired six banks to arrange its comeback sovereign bond deal, according to sources, as it seeks to break a three-year impasse that has shut it out of the international debt markets.

  • Mortgage

    EU moves to stop securitised self-certified mortgage loans

    Ticker | 18 July 2017

    The European Union has made a late move to stop self-certified mortgage loans from being securitised.

  • novo banco espirito santo bes

    Clock ticking for Novo Banco LME ahead of August deadline

    Ticker | 26 June 2017

    Time is running out for the liability management exercise on which the sale of Portugal’s Novo Banco hinges, potentially derailing the process ahead of an August deadline.

  • An employee is seen walking over a mosaic of pound sterling symbols

    What did Barclays get for its £322m from Qatar?

    Top News | 23 June 2017

    In April 2012 Barclays announced one of its private equity units was partnering with the Qatar Asset Management Co to co-invest in natural resource assets.

  • Reckitt stays west for M&A bond

    Bonds | 23 June 2017

    UK consumer goods group Reckitt Benckiser stole the limelight in the US bond market last week - and disappointed hopeful European investors - printing a US$7.75bn four-part bond issue to finance its US$17.9bn purchase of US baby-food maker Mead Johnson.

  • A protestor wears a Theresa May mask

    Market shrugs at latest UK election shock

    Top News | 09 June 2017

    A hung UK parliament - one of the most unexpected UK election results in living memory - failed to roil financial markets in anything like the fashion experienced in the aftermath of the Brexit result a year ago.

  • BNP Paribas hires pair from Goldman

    People & Markets | 26 May 2017

    BNP Paribas has boosted its credit trading team with two hires from Goldman Sachs, according to a market source.

  • Barclays picks top team for capital markets

    People & Markets | 19 May 2017

    Barclays has appointed Jill Schwartz as global head of leveraged finance as part of a series of changes in its capital markets business.

  • BAML debt market veteran Tempelman retires

    People & Markets | 19 May 2017

    Marc Tempelman, vice-chairman of capital markets at Bank of America Merrill Lynch, is retiring from the bank, according to a market source.

  • Marc Tempelman

    MOVES-BAML debt market veteran Tempelman retires

    Ticker | 15 May 2017

    Marc Tempelman, vice-chairman of capital markets at Bank of America Merrill Lynch, is retiring from the bank, according to a market source.

  • Channel Tunnel

    Light at the end for Eurotunnel

    Top News | 12 May 2017

    Eurotunnel looks set to slash the cost of its whole business securitisation when it refinances an entire tranche, possibly this week, despite being forced to pay around €500m to unwind associated interest rate swaps.

  • MOVES-Deutsche Bank names Diamond to head SSA in EMEA

    Ticker | 10 May 2017

    Deutsche Bank has appointed Peter Diamond as the new head of its integrated supranationals, sovereigns and agencies (SSA) business, according to an internal memo seen by IFR.

  • UK deal pushed back until after election 

    Structured Finance | 05 May 2017

    The securitisation of £4.09bn of UK student loans has been pushed back beyond June 8, with the government taking the decision to delay bringing a large and new asset class to market during a general election.

  • MOVES-Senior debt bankers to leave BAML

    Ticker | 27 March 2017

    Three senior debt capital markets bankers at Bank of America Merrill Lynch are expected to leave the US bank in the coming weeks, according to multiple sources.

  • Prytania splits to seize advisory opportunities

    People & Markets | 10 March 2017

    Structured credit specialist Prytania is splitting its two main business lines – solutions and investment management – to maximise growing opportunities in advising clients on valuations of complex securities.

  • MOVES-Prytania splits to seize advisory opportunities

    Ticker | 08 March 2017

    Structured credit specialist Prytania is formally splitting its two main business lines – solutions and investment management – to maximise growing opportunities in advising clients on valuations of complex securities.

  • Algomi and Euronext take corporate bond platform global

    People & Markets | 03 March 2017

    Euronext and Algomi are expanding their European corporate bond platform to create a global network as they attempt to improve liquidity in a market still dominated by voice trading.

  • FICC Markets Standards Board logo

    FICC standards group sets sights on 70 'grey areas'

    Top News | 24 February 2017

    The standards board for fixed income markets sees dozens of grey areas that could open the door to conflicts of interest, and is aiming to clarify and codify the rules around them.

  • FICC Markets Standards Board logo

    INTERVIEW-FICC standards group sets sights on 'grey areas'

    Ticker | 23 February 2017

    The standards board for fixed income markets sees dozens of grey areas that could open the door to conflicts of interest, and is aiming to clarify and codify the rules around them.

  • Czarra leaves UBS

    Ticker | 16 February 2017

    Melanie Czarra, head of EMEA corporate debt capital markets and client solutions at UBS, has left the bank, according to a source close to the matter.

  • Something disruptive this way comes

    Something disruptive this way comes

    All Special Reports | 16 December 2016

    Have you heard the one-liner about banks being badly run technology firms with a sideline in finance? It may be a poor joke but many a true word is spoken in jest.

  • Origin to launch MTN debt platform

    People & Markets | 02 December 2016

    Origin, a start-up platform for frequent issuers of medium-term notes and private placements, is set to officially launch in beta mode this month, people familiar with the situation said.

  • UPDATE 1-Barclays fired banker in response to what he told SFO: lawyer

    Ticker | 23 November 2016

    Barclays dismissed one of its most senior investment bankers as a “direct response” of what he told the Serious Fraud Office during an investigation into the bank, his lawyer said in court on Wednesday.

  • Barclays

    SFO seeks to gag Boath's case vs Barclays

    Top News | 18 November 2016

    Britain’s Serious Fraud Office is pressing for a civil lawsuit against Barclays by former investment banker Richard Boath to be heard in private to avoid prejudicing its investigation into the bank’s 2008 emergency fundraising.

  • Banks told to be more transparent on debt allocations

    People & Markets | 18 November 2016

    Banks need to be more transparent about their allocation policies for debt issuance and investors should ensure their orders reflect their true demand, the new board aiming to improve standards in fixed-income markets said.

  • UK's SFO wants Boath lawsuit heard privately to protect Barclays probe

    Ticker | 15 November 2016

    Britain’s Serious Fraud Office is pressing for a civil lawsuit against Barclays by former senior investment banker Richard Boath to be heard in private to avoid prejudicing its investigation into the bank’s 2008 emergency fundraising.

  • Euronext, Algomi create bond trading platform

    People & Markets | 04 November 2016

    Euronext has formed a joint venture with Algomi in a bid to become a centralised market for pan-European corporate bond trading, the exchange said last week.

  • Banca Monte dei Paschi Siena

    Bond investors stall BMPS capital raising

    Top News | 21 October 2016

    Banca Monte dei Paschi di Siena subordinated bond investors are resisting recapitalisation proposals that could see their holdings swapped into equity in the troubled bank.

  • Financial Conduct Authority (FCA) logo

    FCA targets league tables for reform

    Top News | 21 October 2016

    League table manipulation is one of the greatest issues facing investment banking, according to the UK market regulator. The Financial Conduct Authority’s report into investment banking seemed to declare the issue more important than the apparent corruption in IPO allocations it discovered through extensive analysis, or reciprocity between banks, which it said exists but does not stifle competition.

  • Deutsche Bank headquarters

    Deutsche makes double-quick return

    Top News | 14 October 2016

    Deutsche Bank’s US$4.5bn bond issue showed it still has market access amid its recent turmoil, but the deal’s steep price – and the way it was sold – left many questioning the trade’s rationale.

  • Noe joins rating agency Kroll to build Europe arm

    People & Markets | 09 September 2016

    Former debt capital markets banker Maurico Noe has joined Kroll Bond Rating Agency as head of Europe to build a European subsidiary of the US-based agency, which is expected to be full-service and locally staffed within months.

  • Deutsche Bank headquarters

    Ex-Deutsche banker 'Venky' sues for unfair dismissal

    People & Markets | 09 September 2016

    A former top banker at Deutsche Bank is suing the German bank in London for unfair dismissal.

  • Kroll Bond Rating Agency logo

    MOVES-Noe joins rating agency Kroll to set up Europe arm

    Ticker | 09 September 2016

    Maurico Noe has joined Kroll Bond Rating Agency as head of Europe. Noe, formerly a debt capital markets banker, is to build a European subsidiary of the US-based agency, which is expected to be full-service, and locally staffed within months.

  • A worker adjusts and cleans the logo of the European Commission at the entrance of the Berlaymont building

    Fear of failure rises as MAR tears into syndication

    Top News | 12 August 2016

    Debt bankers are warning of a rise in pulled deals as a result of the EU’s new Market Abuse Regulation, which could have a much wider scope than originally thought and is already making investors reluctant to share information with investment banks.

  • UK real estate

    Real estate financing descends into turmoil

    Top News | 08 July 2016

    Uncertainty resulting from the “gating” of seven open-ended retail UK property funds threatens to curtail financing for the country’s commercial real estate sector.

  • Green opinions

    Green opinions

    All Special Reports | 28 April 2016

    Is it a coincidence that the prospect of real competition in the provision of second opinions has seen the incumbents back an industry initiative to streamline the presentation their work?

  • Tom King

    Barclays set to skip replacing King as IB chief

    People & Markets | 22 April 2016

    Barclays is unlikely to formally replace Tom King as head of its investment bank, leaving chief executive Jes Staley in control of the business for the foreseeable future, people familiar with the matter said.

  • P&M: Barclays names May Yan head of FIG for Greater China

    Barclays set to skip replacing King as head of IB

    Ticker | 20 April 2016

    Barclays is unlikely to formally replace Tom King as head of its investment bank, leaving chief executive Jes Staley in control of the business for the foreseeable future, people familiar with the matter said.

  • Logo of the European Stability Mechanism (ESM)

    ESM says looking at options to ease Greece debt

    Ticker | 20 April 2016

    The European Stability Mechanism has acknowledged that it is considering ways to grant debt relief to Greece.

  • tidjane thiam credit suisse

    Hot seat gets hotter for Thiam

    Top News | 08 April 2016

    Credit Suisse boss Tidjane Thiam will be facing some awkward questions at this month’s AGM after the Swiss bank posted some US$1bn of losses on trading positions that he said had come as a “surprise”.

  • Lloyds Bank

    Lloyds cuts 8 staff in financial markets team

    Ticker | 05 April 2016

    Britain’s Lloyds Banking Group has cut staff in its credit sales and trading teams as it realigns its financial markets unit.

  • P&M: Senior banker Boath leaves Barclays

    Ticker | 29 March 2016

    Senior Barclays investment banker Richard Boath, who sued the bank in a dispute over pay and was one of the senior people investigated by Britain’s financial watchdog over a 2008 fundraising, has left the bank.

  • Credit Suisse headquarters

    Deutsche, Credit Suisse wield knife on jobs

    People & Markets | 26 February 2016

    Credit Suisse and Deutsche Bank began making job cuts within their global markets divisi

  • Deutsche Bank headquarters in Frankfurt

    Doubts surround Deutsche’s US$5.4bn buyback

    Top News | 12 February 2016

    Deutsche Bank’s offer to buy back €3bn and US$2bn of senior unsecured debt certainly helped soothe the markets on Friday, but investors were less sure about the move’s long-term impact.

  • Deutsche Bank headquarters in Frankfurt

    DB confirms buyback, AT1s shrug off downgrade

    Capital City | 12 February 2016

    Deutsche Bank announced a tender to buy back €3bn of euro and US$2bn of dollar-denominated senior unsecured debt, some of it sold just weeks ago.

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