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CDS: US banks continue to widen
Credit default swap 5-year mid-levels for structured products issuers (Friday March 27)
Finra to issue investor alert on reverse convertibles
The US Financial Industry Regulatory Authority (Finra) is set to issue an investor alert on reverse convertibles, said one if its representatives at a New York conference this week. The body has concerns over both disclosure and suitability issues, said…
CDS: Spreads on US financials widen
Credit default swap 5-year mid-levels for structured products issuers (Thursday March 26)
US Wrap: Multiple issuers pile into S&P 500 exposure
Thirteen products have been offered by eight different issuers in the US structured products market over the past two days. Out of this offering, 10 have been linked to the S&P 500 index, including a range-bound structure from Morgan Stanley. The 100%…
CDS: European banks widen
Credit default swap 5-year mid-levels for structured products issuers (Wednesday March 25)
MSCI launches factor indexes
Index provider MSCI Barra has launched the MSCI Europe Momentum Tilt Index and the Europe Value Tilt Index, which are designed to be weighted towards stocks that are exposed to fundamental factors. The indexes are designed to be licensed as the basis of…
CDS: Spreads on banks stable, Stanchart moves below 300bp
Credit default swap 5-year mid-levels for structured products issuers (Tuesday March 24)
US Wrap: Goldman Sachs offers leveraged note
Goldman Sachs has launched a leveraged buffered equity note linked to the S&P 500 index, on what has been a quiet day for US issuance after yesterday's flurry of reverse convertible launches. Morgan Stanley, the only other issuer to place a trade, has…
CDS: Banks narrow after US treasury reveals public-private programme
Credit default swap 5-year mid-levels for structured products issuers (Monday March 23)
US Wrap: Royal Bank of Canada unleashes 20 new reverse convertibles
Royal Bank of Canada rushed into the issuance market last Friday with the release of 20 reverse convertibles, based on the fortunes of a whole range US stocks, from General Electric to Google and including the bold move of relating products to financials…
Turner Review promises to shake up UK regulatory system
Editor's blog
US Wrap: JP Morgan turns to Europe for growth
JP Morgan has launched an accelerated growth product based on European exposure, as reverse convertible issuance eases off again. The structure, which links to the DJ Eurostoxx 50, is the first of its kind from any issuer this year, as the index…
CDS: Citi and BofA lead widening on US banks
Credit default swap 5-year mid-levels for structured products issuers (Friday March 20)
CDS: Spreads on US banks widen
Credit default swap 5-year mid-levels for structured products issuers (Wednesday March 18)
CDS: Spreads narrow on financials led by Credit Suisse
Credit default swap 5-year mid-levels for structured products issuers (Thursday March 19)
US Wrap: Barclays continues reverse convertible momentum
Issuance surged in the US market yesterday as Barclays launched 22 reverse convertible notes, adding to the eight it launched yesterday. The new products represent a turnaround for the market, with total issuance for the week now at 55, already double…
UBS names new Asia heads as Park and Pang depart
UBS has announced a series of appointments to the most senior roles in its equity derivatives business in Asia. The changes, which were announced this morning in Hong Kong coincide with the departure of Min Park, managing director, head of Equity Risk…
US Wrap: Barclays and ABN pile into reverse convertibles
Barclays Bank and ABN Amro bombarded the US market with reverse convertible notes yesterday, launching 20 of the products between them. It was ABN's first appearance of the week, and its first significant swathe of issuance since mid-February. It…
Blue Sky gets defensive with latest autocallable
Blue Sky Asset Management has launched the third tranche of its FTSE-linked kick-out product. The Capital Accumulator Auto-Call Plan - Defensive Series III, which lasts six years, redeems on its first anniversary with a 7% return, provided that the FTSE…
US Wrap: Market snaps into action to kickstart week
The US market sprang to life yesterday, offering 10 new products, the majority of which were reverse convertibles, with Barclays Bank using the structure to give investors exposure to three different commodities: gold, silver and oil, each represented by…
Société Générale launches listed structured products in London
Société Générale issued, on March 16, The FTSE Income Protection 2000, the first of a new range of listed structured products tradable on the London Stock Exchange, and part of the bank's Income Protection Range, which provide direct access to structured…
CDS: Spreads remain stable on European and US banks
Credit default swap 5-year mid-levels for structured products issuers (Tuesday March 17)
US Wrap: Issuance slows to a stop at end of subdued week
Issuance was at zero on Friday in the US market, as volumes continue to show the strain of difficult markets. Twenty-two products were issued by nine providers, two products less than during the preceding five days. This in itself was a noticeable drop…
CDS: Spreads narrow on financials, Morgan Stanley tightens 10%
Credit default swap 5-year mid-levels for structured products issuers (Monday March 16)