Abbey National is preparing a collateralised bond obligation (CBO) backed by a portfolio of US high yield debt.

The borrower had not mandated bookrunners for the deal by the London close on Wednesday, but market sources said that the bank would choose either CSFB or Morgan Stanley Dean Witter.

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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Junior bankers at Robert W. Baird say such long hours weren’t unusual for industrials team.

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Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

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The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

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The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

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The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

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Abbey National readies high yield CBO

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