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The Daily Capital Markets Digest
Britain’s financial watchdog has fined a former senior official at US bank JP Morgan £793,000 (US$1.15m) for failing to be “open and co-operative” over the US$6.2bn losses racked up in the “London Whale” trading scandal.
Average spreads on junk-rated US energy bonds touched their highest levels ever on Monday as oil prices remained under pressure and as bonds of Chesapeake Energy tumbled.
Airport restaurant concessionaire OTG EXP has scaled back its IPO plans and delayed pricing by one day amid heavy pricing pressure on new issues.
Manutencoop’s bonds fell off a cliff on Tuesday on news that Italian procurement agency Consip is mulling whether to cancel a contract at the centre of a long running antitrust dispute.
Europe starts preparing for future without the UK.
James Saft on JP Morgan’s loan to Tim Geithner.
Spectre of ‘winner takes all’ in north-south split.
DO GOLDMAN SACHS’s most recent executive shifts give away valuable clues as to how investment banks’ corporate and institutional clients will need to be serviced as this treacherous market gives rise to all sorts of doom and gloom scenarios and outlooks, and market-structure shifts in FICC call for new ideas?
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