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