Defaults spread to telecoms and IT
Defaults spread to telecoms and IT

Auctions set to cause loan settlement strain
Auctions set to cause loan settlement strain

Ineos sets path for future European covenant talks
Ineos sets path for future European covenant talks

Investors target older vintage CDOs of ABS
Investors target older vintage CDOs of ABS

Ecuador default adds to rising tally of credit events
Ecuador default adds to rising tally of credit events

Corporate defaults increase further
Corporate defaults increase further

Distressed funds find large volumes of discounted CDOs
Distressed funds find large volumes of discounted CDOs

Borrowers rush to alter loan terms
Borrowers rush to alter loan terms

Junk bond issue will crystallise losses on jumbo buy-out loan
Junk bond issue will crystallise losses on jumbo buy-out loan

Rush to replace protection from Lehman introduces new risks
Imperfect hedges could come back to bite trading books, analysts warn, after last month’s scramble to replace credit derivative protection sold by Lehman Brothers

Structured credit veterans launch advisory and management firm
Structured credit veterans launch advisory and management firm

Chenavari brings in senior manager
Chenavari brings in senior manager

London start-up hires structurer
London start-up hires structurer

Credit Suisse loses flow head
Credit Suisse loses flow head

UBS strengthens European credit flow team with raft of new hires
UBS has made a number of additions to its European credit flow sales and trading team as part of a recent reorganisation aimed at maximising the potential of the bank’s customer

Deutsche Bank shuffles trading
Deutsche Bank shuffles trading

Tricadia adds for CDPC launch
Tricadia adds for CDPC launch

SuttonBrook hires credit exotics trader
SuttonBrook hires credit exotics trader

Top Bear Stearns’ credit staff secure roles at JP Morgan
The movements of some of former Bear Stearns’ senior credit employees in the US is becoming clearer, with news of five appointments to JP Morgan’s New York office

CDO advisory firm launched
Moray Vincent, the former head of structured finance at Grange Securities in Australia, has re-emerged at Structured Credit Research & Advisory, a firm he has founded with a former colleague from Grange, Jason Woodards

London-based manager hires
London-based manager hires

Trader moves firms
Former Morgan Stanley trader Sam Griffiths has moved to RBS

Merrill Lynch appoints Berry as head of structured credit and securities
Merrill Lynch has appointed Bill Berry as head of structured credit, securitisation and the bank’s alternative solutions business

Fast growing CQS keeps on hiring
Fast growing CQS keeps on hiring

Fast moves
Round up of notable moves at end of May