Jamie Grant, global chair of investment banking at JP Morgan, is retiring after 45 years at the US bank, which has included spearheading its entry into investment banking, US equities trading, derivatives and initial public offerings in London and New York.

Mike Dargan, chief operations and technology officer at UBS, is leaving at the end of December to become chief executive of German online bank N26.

Miles Hunt, global head of syndicate at NatWest, is leaving the bank.

Australia's securities regulator has imposed a capital charge of A$150m (US$100m) on the Australian Securities Exchange after an inquiry showed a focus on short-term financial performance and shareholder returns had compromised its obligations to operate critical national market infrastructure. 

Technology company E4 Computer Engineering has issued Italy’s first tokenised minibond through UniCredit and Cassa Depositi e Prestiti, demonstrating the benefits of the digital products for smaller corporates.

The European Union will aim to raise €90bn in the bond market in the first half of 2026, the supranational issuer has announced. 

Embattled property developer China Vanke is facing repayment pressure after its plan to extend an onshore bond was rejected by creditors. 

Paramount Skydance’s US$108.4bn hostile bid for Warner Bros Discovery is upending both companies’ bond prices as investors assess the consequences of an acquisition that would layer billions of US dollars of debt onto an already complex balance sheet. 

Europe’s securitisation market is closing 2025 at its strongest level since the global financial crisis, with placed issuance estimated at around €160bn, ahead of another busy year expected.

 EQR 1 PLC, an equity release RMBS originated by Legal & General Group, was preplaced in an otherwise muted European securitisation market on Tuesday.

Blackstone prepared to pay itself a US$231m dividend as part of a jumbo commercial mortgage bond sale backed by one of the private equity firm’s retail and entertainment complexes on the Las Vegas Strip.

Landmark Dividend returned to the ABS market with its first ever cell tower securitisation, adding to a growing list of deals backed by the real-estate management company's diverse portfolio of assets.

The World Bank is poised to take its pioneering US$1bn outcome bond programme into new territory following its first ITMO carbon credits deal last week, and structures linked to impact funds rather than specific projects and deals in euros are among the innovations ahead, according to a senior official.

Orange gender bonds are gathering momentum globally and more could be issued in 2026 in Japan, as the country's newly elected female political leadership is expected to focus on closing the country's gender gap. Further issuance could also be seen in emerging markets. 

The Climate Bonds Initiative has approved S&P Global Ratings as an external reviewer under its global climate bonds standard and certification scheme in a move that is expected to help issuance of sustainable debt.

Italy has updated its green BTP framework to align with the country's evolving environmental priorities and market standards and give more detailed disclosure around the EU Taxonomy of sustainable activities. 

Zoetis, the investment-grade animal healthcare provider, raised US$1.75bn from the sale of a convertible bond, effectively selling shares at a premium to buy back stock at the lower current price.

Immunome is marketing a US$400m follow-on stock sale for one day Tuesday to help fund the launch of a promising anti-tumor drug.

Hungary’s MBH Bank has increased its free-float with the sale of all its nearly 22.6m treasury shares in a Ft67.8bn (US$207.2m) follow-on.

Amsterdam-listed defence business Theon International made light work of a rump following 98.8% takeup for its €150m capital increase that part-funds its investment in French peer Exosens.

Banks are close to underwriting a jumbo debt package to support Stonepeak’s bid for BP’s Castrol lubricants unit, according to sources.

Dubai’s government-owned Emirates NBD Bank has launched a US$700m seven-year bullet term loan to lenders in Asia.

Competing bids to acquire Warner Bros Discovery and the mammoth bridge loans backing both proposed deals have marked the return of big-ticket financings and renewed confidence that debt markets have the capacity – and the risk appetite – to underwrite jumbo M&A deals.

After clearing away the easier part of the refinancing backlog, bankers are now starting to work through a pile of lower-rated borrowers with looming maturities and fewer viable options.