Thursday, 21 February 2019

Tessa Walsh' s stories

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  • Shadow banking

    Out from the shadows

    Loans | 17 October 2014

    Shadow banks are winning market share from US banks in the US leveraged loan and high-yield bond markets as stricter regulation forces borrowers to cast the net wider to finance buyouts.

  • A logo at a Royal Bank of Scotland (RBS) branch is seen in the City of London

    ​RBS reveals further CIB changes

    People & Markets | 03 October 2014

    RBS has outlined additional appointments across its wholesale business as the bank beds down its new UK-centred structure. The changes came as the bank said that better trading conditions in the third quarter meant it could reduce provisioning on its balance sheet.

  • Merck

    Jumbo M&A deals keep on coming

    Top News | 26 September 2014

    The European market was gifted another jumbo acquisition loan last week with German drugs and chemicals maker Merck’s US$15.6bn financing, bringing the total amount of M&A lending agreed since the beginning of September to US$48bn.

  • Credit Suisse

    Lenders cowed by Fed rebuke

    Top News | 26 September 2014

    The Federal Reserve’s rebuke to Credit Suisse for failing to adhere to US leveraged lending guidelines is having an industry-wide effect as banks bow to regulatory pressures and pull back from underwriting highly leveraged loans.

  • Credit Suisse logo

    Fed slaps Credit Suisse for risky lending

    Top News | 19 September 2014

    Wall Street banks are expected to rein in reckless underwriting after the Federal Reserve appeared to single out Credit Suisse for flouting lending guidelines.

  • AB InBev

    AB InBev M&A sparks debt buzz

    Top News | 19 September 2014

    The highly liquid global debt markets are in fine fettle and easily capable of financing another mammoth M&A deal of around US$100bn, bankers said at LPC’s 20th annual loan conference in New York.

  • Endemol

    Global volatility hits leveraged debt

    Top News | 15 August 2014

    The global leveraged loan market has been hit hard and fast by wider capital markets volatility. Massive outflows from US high-yield bonds in recent weeks have prompted a pricing correction in US loans, which is filtering through globally and has led to a raft of deals, including a high-profile US$3.9bn M&A loan for


    Loan market shut to Russian names

    Top News | 01 August 2014

    Fresh EU and US sanctions have frozen Russian companies out of the international syndicated loan market.

  • Sanctions close international loan market to Russian companies

    Ticker | 30 July 2014

    Fresh EU and US sanctions have frozen Russian companies out of the international syndicated loan market, senior loan bankers said.

  • BofAML

    BofA Merrill goes solo on giant bridge

    Top News | 20 June 2014

    US medical device maker Medtronic is raising a US$16.3bn senior unsecured bridge loan to finance its US$42.9bn acquisition of Dublin-based Covidien. The deal has been underwritten by sole initial bookrunner Bank of America Merrill Lynch, making it one of the bank’s biggest loan underwriting commitments ever.