Feature
Deutsche Börse offers Dax dividends with new index
Deutsche Börse has unveiled a new index offering investors exposure to companies in the Dax German benchmark index expected to pay a dividend this year. An exchange-traded fund which tracks the Dax plus Maximum Dividend Index has been simultaneously…
Demand prompts second Morgan Stanley gilt-backed plan
Morgan Stanley has unveiled the second version of its gilt-backed growth plan, after the first tranche smashed the bank's UK retail sales records in structured products. The FTSE Defensive Gilt-Backed Growth Plan, which was launched in February 2009,…
Lifting the lid on tax havens and bank secrecy
Daily news headlines
CDS: US banks continue to narrow
Credit default swap 5-year mid-levels for structured products issuers (Thursday April 9)
US Wrap: Principal protection makes timid reappearance
One principal protected structure made it into the US market yesterday after hints earlier this week that guaranteed notes might be making a tentative reappearance. Credit Suisse's range-bound note was the second this week to offer 100% principal…
The great bond buyback
The Bank of England has kicked off its repurchase scheme for sterling high grade bonds, but opinion is divided over whether the subsequent tightening of spreads is down to the government initiative or extraneous factors. Laurence Neville reports
Sting in the tail
Credit spreads on highly rated names have blown out to levels that are proving irresistible to many buy-and-hold investors such as pension funds. But tail risk in the form of increased default expectations is still a major consideration. Blake Evans…
Marketgraphic - European investment grade issuance
High grade corporates have turned to the bond markets for financing given the reluctance of banks to extend loans. Analysis by Michael West and Sabinne Renner of Moody's
On the crest of a wave
Corporate bond volumes have been soaring as companies scramble to meet their funding requirements in the wake of the loan market's demise. Simon Boughey looks at whether this wave of issuance is a temporary phenomenon or whether it heralds a permanent…
Turbulent times for airport issuers
Europe's airports are tightening their belts as macroeconomic pressures erode balance sheets and credit quality. Alexandre de Lestrange from Standard & Poor's reviews the factors influencing the agency's rating decisions on the 12 airport issuers
The price is right
Consensus on the input assumptions that financial institutions use to value structured finance securities is crucial if the market is to reach a universally agreed method of pricing these impaired assets. By Peter Jones of Standard & Poor's
Stopping the rot
Noises from leading banks that they may be returning to profitability are failing to mask the painful truth that vast quantities of toxic assets are still causing a stink on banks' balance sheets. Credit looks at the various plans being put forward to…
CDS: Spreads on US banks narrow
Credit default swap 5-year mid-levels for structured products issuers (Wednesday April 8)
Credit Suisse strengthens private banking in Singapore
Credit Suisse has appointed Lim Eng Guan as managing director and market leader for Singapore in its private banking division. Singapore-based Lim will lead Credit Suisse's local team and aim to strengthen its business in Singapore's domestic private…
Blue Sky offers choice of wrappers
Blue Sky Asset Management has launched two new growth plans with different wrappers providing exposure to the FTSE 100 index.
Fransson takes over trading at the Nordic Derivatives Exchange
Roger Peleback has been appointed chief executive officer of the Nordic Growth Market (NGM), replacing Björn Wallin, the interim CEO.
Vanguard shuns US equity in small-cap ETF
Vanguard has listed a new exchange-traded fund (ETF) on the Arca platform of the New York Stock Exchange linked to international small-cap equities. The fund tracks the performance of the FTSE All World Ex-US Small Cap Index.
US Wrap: Morgan Stanley offers rare principal protected note
Only two structured products were issued in the US yesterday, in contrast to an energetic start to the week which saw 10 new products launched, most of them reverse convertibles.
CDS: Spreads widen on European banks
Credit default swap 5-year mid-levels for structured products issuers (Tuesday April 7)
Ho hops from Hang Seng to HKMEx
Jimmy Ho, formerly head of structured products and business development in Hang Seng Bank's Treasury division, has been appointed chief operating officer, markets at the Hong Kong Mercantile Exchange (HKMEx), and will oversee the marketing, membership…
US Wrap: Reverse convertibles dominant product in Monday’s market
Reverse convertible structures represented half of new issuance in the US yesterday, just outnumbering accelerated growth products. ABN Amro issued four of the notes, and Royal Bank of Canada (RBC) contributed a single note to the offering. Both…
BNP Paribas announces two Tie Breaks
BNP Paribas has launched two new capital guaranteed funds for French retail investors, Tie Break 3 and Tie Break 5. The funds' return is linked to the performance of the DJ Eurostoxx 50, and targets bullish views on the European stock market.
Jubilee Financial Products adds Elia and Caines
Jubilee Financial Products has added Vito Elia, formerly a managing director and co-head of Italy at Credit Suisse with responsibilities for all distribution to Italy and a member of the bank's European distribution management committee, as a managing…
CDS: European financials continue to narrow, Credit Suisse at 169.66bp
Credit default swap 5-year mid-levels for structured products issuers (Monday April 6)