Milwaukee-based bank takes advantage of Credit Suisse turmoil
RW Baird is set to hire two Credit Suisse structured finance employees in London

Trinitas fifth CLO new issue takes 2022 tally to $2.4 billion
Trinitas Capital Management on Thursday priced its fifth US CLO of the year, bringing the manager's 2022 issuance volume to $2.4 billion

Credit and commodities diverge after China abandons zero-covid approach
Markets present a mixed picture at the start of the week, with Europe – still processing Friday’s US jobs numbers – opening cautiously after China’s retreat from strict zero-covid policies boosts commodity prices but raises fears of an infection wave

Powell outlook brings risk buyers out in droves, but reality check looks soon to follow
Comments by US Federal Reserve chairman Jerome Powell on Wednesday on the pace of future rate hikes have prompted a sharp rally across global financial markets, including credit. But dissenting voices have already begun to point out the enthusiasm is likely overdone

Credit Suisse spreads hit year's new wides
Protection buying against a Credit Suisse default has taken the bank’s five-year CDS to the widest levels of the year, with the front end of the curve increasingly inverted

Europe regains momentum versus US despite bank concerns
European outperformance is extending this week, taking investment grade and high yield spreads alike to their tightest prints since June relative to their US peers. But Credit Suisse remains a blot on Europe’s record as the bank’s short term risk levels continue a worrying trend

Credit Suisse slumps in bleak Monday, but high yield name sharply bucks trend
Financial markets are beginning the week on an uncertain footing, with anti-covid lockdown protests in China hitting commodity prices hard. But one European high yield company has bucked credit’s widening push with a massive rally

Credit Suisse tests investor nerves as market preps for Fed-focused week
Credit Suisse, which has been subjected to another week of intense scrutiny, is heading into the weekend with its credit spreads extending wider, after warning on losses and undertaking a capital hike

Swiss bank looks to plug holes but investors are hun-gruyere for risk
Credit Suisse is a rare, worrisome cloud in an otherwise brightening sky this week, as Europe extends its tightening trend in credit with the US standing at ease for the Thanksgiving holiday

Trimaran prints new CLO with triple A coupon of 250bp
Trimaran Advisors priced a new CLO on Monday with a 250 basis point triple A coupon

Credit Suisse to streamline European CLO manager client list
Credit Suisse is unlikely to be among the heavyweights in European CLO origination with market sources indicating that the bank is reducing its CLO manager client list

Credit Suisse European CLO syndication and origination head leaves amid restructuring
Credit Suisse’s head of European CLO syndication and origination is understood to have left the bank

Double, double, but no toil and trouble as Neuberger and Oaktree deliver Euro CLO treats
The primary CLO market was revived yesterday after two managers brewed new European deals, taking new issue 2022 volumes to just over €22 billion

Creditflux CLO Census results: JP Morgan claims clean sweep of US CLO arranging categories
Following the close of this year’s census, JP Morgan was a quadruple winners in the US, with results declaring it the best at syndicating, structuring and providing both the best access to loans and the best warehouse service

Apollo and Pimco buy ‘significant portion’ of Credit Suisse's securitised products group
The move has prompted a rally for Credit Suisse, which on Thursday unveiled a strategic review “designed to reduce risk-weighted assets and leverage exposure”

Voya makes quickfire CLO return using call-lock split in wider market
Voya has scored a quick turnaround with a new CLO just one month after its previous outing in the primary market. But the two deals show how much pricing has shifted in that time

US and Europe divide honours between HY and IG as market rally extends
A second straight day of improvement is adding to this week’s gathering rally, but while US high yield is outperforming European the reverse is true in investment grade

Credit Suisse and UK names lead charge as European IG outperforms
European investment grade credit is rallying strongly at the start of this week, in contrast to a sluggish start by its US counterpart market, with Credit Suisse and UK companies among the outperformers

Credit Suisse rallies hard as rest of market suffers
After a tough week for Credit Suisse, the bank’s credit spreads have ended Friday’s session on a notably better tone than most others in the European market

Mid market CLO league tables: Golub gains ground on Blackstone with rare euro-tranche deal
Four managers - Blue Owl, Golub, Monroe and PennantPark - priced new issue mid market CLOs in September

CSAM issues new $476.3 million CLO
Credit Suisse Asset Management priced a new CLO on Friday at $476.29 million

Experienced structured credit trader to join bank after leaving Credit Suisse
Credit Suisse is set to lose a trader with almost 17 years experience at the firm to another bank in New York

PennantPark grows mid market CLO volume to $1.5 billion with fifth deal
PennantPark has priced its fifth middle market CLO, growing its total CLO issuance volume to $1.5 billion since making its 2019 debut

US CLO trader set to join Citi
An experienced CLO trader is joining Citi, sources say

Credit structuring head lands at Deutsche Bank in expanded role
Deutsche Bank has hired former Credit Suisse global credit structuring head Paul Bajer in a broader remit as global co-head of cross asset structuring