Distressed buyers make gains on financial bonds
Distressed buyers make gains on financial bonds

Telecoms and retail dominate defaults
The total defaulted debt in February was nearly $21.3 billion. This compares to January's total of $14 billion after the defaults of Qimonda, Smurfit-Stone and Contech late in the month. So far in 2009, telecoms and retail have seen the largest total defaults. At the time of going to press, the largest default in February was that of retailer Spectrum Brands, which filed for chapter 11 on 3 February, with $4.4 billion outstanding.

Borrowers pay rising price for covenant waivers
Borrowers pay rising price for covenant waivers

Debt holders split on foam maker’s loans
Debt holders split on foam maker’s loans

Calyon loses more structured credit staff and others face redundancy
Departures from Calyon’s structured credit business moved up a gear in April, with a series of high profile defections and position shuffling

Natixis makes several hires for ABS correlation push
Natixis CIB is in the process of building a new ABS correlation desk in London and has hired Karolina Kalkantara to the platform as a trader from Bank of America

Credit fund moves to Aladdin
Credit fund moves to Aladdin

High-yield veterans set up new firm
High-yield veterans set up new firm

Barcap structurer joins buy side
Barcap structurer joins buy side

Bank of America grows CDO syndicate
Bank of America grows CDO syndicate

Henderson hires CDO head
Henderson hires CDO head

Ixis eyes structured credit expansion
Ixis eyes structured credit expansion

Radian overhauls wrap business
Radian overhauls wrap business

ABN Amro hires for counterparty book
ABN Amro hires for counterparty book

Forthcoming events
Forthcoming events

Forthcoming events
Forthcoming events

Big names join forces to launch Cairn
Big names join forces to launch Cairn

Forthcoming events
Forthcoming events

Forthcoming events
Forthcoming events

RBS hires traders
RBS hires traders

Forthcoming events
Forthcoming events

Deutsche hires Nordic sales specialist
Deutsche hires Nordic sales specialist

Cheyne staffs up in asset-backed
Cheyne staffs up in asset-backed

Bear hires credit sales head
Bear hires credit sales head

Barclays hires JP Morgan marketer
Barclays hires JP Morgan marketer