Santander
CDS spreads in holding pattern as row delays eurozone deal
Spreads flat or slightly tighter despite political squabbling over size of EFSF
EBA stress test: Santander’s sovereign swaps exposure not disclosed
Banco de España chose not to report Santander’s sovereign derivatives exposure to the EBA because it was 'not material'
European bank spreads decline amid talk of recapitalisation plans
Risk perceptions on European banks fall as Merkel and Sarkozy agree to produce a recapitalisation plan within the month
German CDS spreads soar 80% in a month as crisis hits eurozone core
Credit spreads on core eurozone countries climb on market jitters
People: Citi shakes up structuring group
Citi's structured products reorganisation leads the way, while Commerz adds in Asia, King moves to Credit Suisse and Susan Chan shifts from BarCap to Deutsche Bank
People: King crowned head of ETNs at Credit Suisse
Greg King's arrival at Credit Suisse is one of many recent moves in the structured product and ETF markets
Scarps are to account for a quarter of the UK market this year, says Legal & General
UK investors are more prepared to take an element of risk in return for higher yields, according to UK market participants
Risk Espana rankings 2011
Santander and BBVA take the top two spots in Risk España’s 2011 rankings and stretch their advantage over their competitors – despite the funding and counterparty risk pressures that affected the market last year
Walker Crips offers choice of counterparties
Starting off as a diversified financial services group with a stockbroking tradition, Walker Crips Structured Investments launched its first structured product for UK retail investors as Lehman Brothers collapsed. Now it is launching more flexible…
Inflation-linked structured products attract UK investors as risk appetite recovers
A thirst for yield coupled with a lack of interest in plain FTSE-linked structures is rekindling demand for inflation-linked products in the UK
Five-way collateralisation
Investec has taken collateralisation one step further by structuring a a five-year at-risk kickout product linked to the FTSE 100 that is supported by the bonds of five banks. While credit risk is diversified across five institutions, if one goes…
Lloyds TSB tech failures show lack of investment in IT throughout industry
Experts say IT departments either lack funding or are being 'offshored' as costs are cut
Investec to issue collateralized notes
Investec is to become the third issuer of collateralised notes as it indicates a January launch.
Rise in investor confidence boosts hopes of European securitisation market recovery
Despite being damned by association with the US subprime fiasco, collateral performance in European securitisation asset classes has generally held up well in the face of a challenging economic backdrop. And with demand for secured assets likely to rise…
Santander live as settlement member
Decision to join CLS Bank follows change in policy at Citi, Santander's former third-party CLS provider
Still standing: innovation the key to survival for Spain and Italy's structured products markets
The structured product markets of Italy and Spain have survived the eurozone’s recent sovereign debt traumas relatively unscathed, while their economies have so far dodged the fate dished out to Greece and Ireland. Clare Dickinson examines how providers…
Marrying correlation and asset allocation
Correlation in global equities has been on the rise for the past decade. The credit crisis, structural shifts in global financial flows and the rise of exchange-traded funds has meant that asset classes seem to be moving together. Rebecca Hampson reports
Santander IT collapse leaves A&L customers unable to access accounts online
Bank suffers IT gliches while loading Alliance & Leicester accounts onto Santander system
UK Wrap: The holy grail - income and capital protection
Products are still being influenced by the pricing environment and despite a couple of spicy options most of the products seen this fortnight are safe repeats
Simple payoffs and short terms remain popular as investors play it safe
Incapital, Barclays and Gilliat all launched three products each in the past two weeks, most of which focused on the FTSE 100 index as investors continue shy away from risky investments
Where there’s a will…
Living wills have quickly emerged as a new measure to ensure banks are better prepared for the next crisis. But clear definitions of exactly what information they should contain and how they should be drawn are lacking
Sovereign CDS spreads widen in eurozone
Volatility returns to CDS spreads across the eurozone in early morning trading
CDS spreads tighten across the eurozone for sovereigns, banks and non-financial companies
Tightening continues on eurozone CDS spreads in a sign of improving market confidence
CVA desks trim hedges as bailout crushes CDS spreads
It was a hectic start to the week for CVA traders, as the eurozone bailout shrank the exposures many faced, leaving them over-hedged.