Deutsche Bank

Demand for its new 10 year trade finished above €137bn

Italy takes €15bn from dual tranche sale as bankers advise borrowers to keep going

◆ Market reaches new equilibrium after swift spread widening last week ◆ Issuers pay 5bp-15bp of NIP on the day ◆ Long end especially popular as 10 year deals account for half of senior volume

Demand outlook 'optimistic' as supra brings fifth sterling benchmark for the market this week

German issuer raised a whopping €9bn while two other SSAs together grabbed €2.5bn

The two deals are priced off different benchmarks

When the shockwave set off by the failure of Silicon Valley Bank swept the legs from under Credit Suisse, all the talent and relationships of a big investment bank were up for grabs. UBS has tried to hang on to what it sees as the best bits — but the biggest beneficiaries are likely to be rivals. Jon Hay and David Rothnie report

After two years of poor issuance, investment banks may have to cut jobs if volumes don’t pick up in 2024

◆ Authority says banks sport best capital ratios ever thanks to improved profitability ◆ With net interest margins having or close to peak this may be about to turn ◆ Major banks unfazed by higher capital requirements as they boast strong buffers

A flurry of M&A activity is reshaping the UK corporate broking landscape as banks look to offer clients a broader array of products from financing to defence advice

◆ Issuer stays in senior format as European peers opt for raising AT1 capital ◆ State Street adds rare tier two to funding mix ◆ Conducive market may stretch FIG issuance after Thanksgiving into December

Smaller issuers could face tougher conditions heading into next year