Société Générale Corporate and Investment Banking appointed Thomas Castaignede as a consultant to its debt finance division. Castaignede joins the Société Générale Group, following other professional rugby players such as Nick Farr-Jones in Australia as well as Yannick Jauzion, Jérôme Cazalbou and Sylvain Marconnet in France. Castaignede will start his career at the firm by familiarizing himself with the fixed-income banking environment, particularly in sales. He will also spend time with the research, trading, syndicate and origination desks in the fixed income department. The new hire, who will be based in London, will report to Raphael Geys, head of fixed income and derivatives sales for financial institutions in Europe. He joined the bank in December and will work part time initially to allow for his activities as an international professional rugby player. Castaignede is an engineer with a degree in industrial processes engineering from Institut National des Sciences Appliquées.
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Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
April 24 -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
April 24 -
The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
April 24 -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24