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Thursday, 22 February 2018

Markets

View of the State Administration of Foreign Exchange (Safe) in Beijing

China allows both physical and cash settlement in forex forwards

14 February 2018

(Reuters) China’s foreign exchange regulator said on Tuesday that it is now allowing both physical and cash settlements in foreign exchange forwards.

The JP Morgan sign is pictured at its Beijing office.

JP Morgan named first non-Chinese renminbi clearing bank in US

14 February 2018

China’s central bank on Tuesday named JP Morgan as the first non-Chinese renminbi clearing bank in the United States, as it looks to promote the use of the currency globally.

Credit Suisse to redeem exchange-traded volatility notes

06 February 2018

Credit Suisse said on Tuesday it would redeem early one of the most popular exchange-traded notes following Monday’s steep decline in financial instruments that bet against wild downward swings in the markets.

Intesa Sanpaolo logo

Intesa Sanpaolo plans to halve bad debts, expand in DCM

06 February 2018

Intesa Sanpaolo pledged to halve its soured loans and increase revenue strongly, including by a “significant expansion” in its debt capital markets and syndicated loans business in Europe, Middle East and Africa.

DCM helps Goldman take early fees lead

IFR 2219 3 February to 9 February 2018

Goldman Sachs has taken an early lead in 2018 for fees from M&A advisory, capital markets underwriting and syndicated lending after being one of only a few banks to enjoy a better January than a year ago.

Eurex sign

Eurex ends plans for Singapore clearing hub

29 January 2018

Deutsche Boerse’s subsidiary Eurex has abandoned plans to set up a derivatives clearing and exchange hub in Asia, almost two years since it was granted a licence to operate in Singapore.

A man walks past the Standard & Poor's building in New York's financial district

S&P opens door on hybrid early refi

17 January 2018

S&P’s revised methodology gives corporates the ability to refinance hybrid debt prior to the five-year anniversary of an issue, a change that opens the door to liability management.