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The Daily Capital Markets Digest
(Reuters) - Russia’s lower house of parliament passed on Friday a draft law that would give the banking sector a capital boost of up to 1 trillion roubles ($16.5 billion).
The swaps market received an early Christmas present this week as the European Commission lightened the burden for loading existing derivatives trades into central clearing by postponing the start-date for the controversial frontloading requirement.
The US investment-grade bond market looks to be on course for another big year of issuance in 2015, with syndicates expecting something close to this year’s record US$1.1trn primary spree.
Ally Financial chief executive Michael Carpenter’s Christmas came early on Thursday after the US Treasury Department sold its remaining 11.4% stake in the direct banking and auto lending group via a US$1.3bn block trade.
JP Morgan notched up yet another year atop the Thomson Reuters global investment banking fee league table in 2014, finishing the year with a solid 7% of the total pot – 80bp more than its nearest rival Bank of America Merrill Lynch.
Keith Mullin looks back on some alternative winners and losers of 2014.
Slumping currencies in Indonesia and Malaysia are unwelcome reminders.
Anthony Peters sees a calamity coming – but just not yet.
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