
Bank of America has named Dean Athanasia and Jim DeMare as co-presidents of the bank – putting them in line to succeed long serving chief executive Brian Moynihan.
(Reuters) - Swiss bank UBS is considering moving to the United States in response to proposals from the Swiss government on new capital requirements, the New York Post reported at the weekend.
Australia and New Zealand Banking Group will pay a record A$240m (US$160m) fine set by the Australian Securities and Investments Commission to settle four misconduct proceedings, including its activities in the sovereign bond market.

Trading conditions in UK government bond markets have remained orderly in recent weeks, bankers say, despite the country's long-term borrowing costs rising to levels last seen in the late 1990s.

Several European financial institutions hit the screens with subordinated bonds and mandates on Monday as market conditions were described as being almost too good to be true, with CaixaBank taking euro Additional Tier 1 coupons back below 6%.
Logistics-focused real estate investment trusts were in vogue on Monday as two issuers from the sector tapped the euro primary market.

PSP Capital's debut sterling benchmark has received a massive response from investors. Demand for the bond reached a level otherwise unseen this year for a non-sovereign SSA in sterling, IFR data show.
ABN AMRO and UniCredit set the ball rolling on the week’s senior FIG supply on Monday with trades that conceded zero new issue premiums and were more than twice subscribed.

Zayo, a fiber optics network operator, is returning to the asset-backed primary with its third securitization this year to fund its expansion as it seeks to keep pace with the industry's expected growth driven by generative artificial intelligence.
Units of Reliance Industries raised a record Rs210bn (US$2.38bn) from a securitisations backed by loans to the Indian conglomerate's telecom business, driven by strong demand from mutual funds, according to sources close to the deal.

Regular issuer Resimac returned to the RMBS market on Thursday with the A$1bn (US$655m) no-grow, non-conforming Resimac Bastille Trust Series 2025-2NC which encountered no indigestion problems in a busy period for the asset class.

A huge wave of supply hit the US asset-backed primary market in the week of September 8 and was embraced by eager investors that want to get their hands on the latest offerings.

Germany has rejected the “significant restrictions” of the European Union’s Green Bond Standard after its neighbour Denmark recently said it would become the bloc’s first sovereign EuGB issuer .
The Nordic Investment Bank's long-awaited sustainability-linked loan financing bond is drawing closer with the publication of a framework and second-party opinion from S&P that points to a transition-oriented deal.
Deutsche Bank is holding course on its sustainability pledges and has updated its transition plan even as international banks flee the UN-sponsored Net-Zero Banking Alliance.

Riverstone Investments and Pearl Energy cashed out a US$620m-plus stake in Permian Resources via a block sale of stock ahead of the US market open Monday that saw the energy-focused PE firms fully exit stakes inherited from a merger in 2022.
Orsted set terms on Monday for its DKr60bn (US$9.46bn) rights issue with a substantial discount to the market price that has already adjusted down in response to the substantial cash call and half a dozen additional banks signing up as underwriters.
After a lackadaisical summer, the US IPO market is running at issuance levels not seen since 2021, highlighting a combination of pent-up supply and investor willingness to engage in new issues to close performance gaps.

Chinese ECM sprung back to life after the summer break, with four overnight deals raising a total of US$6.4bn last week.

Companies have begun to dust off their previously shelved plans for London listings, with lawyers reporting an uptick in preparatory work over recent weeks, raising hopes of an end to the worst downturn in decades for the city’s IPO market.
Netherlands-based beverage maker Refresco has led the post-summer repricing wave in the European leveraged market, resurrecting a failed trade from March in transformed markets.
Jumbo bridge loans and corporates adding term loans to their capital structures boosted investment-grade loan volume in July and August after a tepid first half of the year, a spike that signals renewed confidence despite ongoing uncertainty in Washington.

Synera Renewable Energy Group is preparing to raise a jumbo loan of about NT$95bn (US$3.13bn) for the Formosa IV offshore wind project, adding to multibillion dollar borrowings for other offshore wind farms in Taiwan, including a large refinancing in the works for a project already developed for the sponsor.

Read the latest stories from the magazine IFR 2600 - 13 Sep 2025 - 19 Sep 2025
13 Sep 2025 - 19 Sep 2025