Today, First Chicago announced the first issuance of a euro-denominated CD in the London Market. The EUR 15 million CD, issued by ABN AMRO, has a nine month maturity and a yield of 4.13%. The First National Bank of Chicago, London Branch acted as Issuing and Paying Agent (IPA) on the issue. The CD settled in the First Chicago Clearing Centre (FCCC). Euro denominated CDs are also eligible for settlement in Euroclear and Cedel Bank.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.