HALISTER1: Ex-Otkritie Trader Sentenced to 12 Years for Bond, Bonus Fraud

Ex-Otkritie Trader Sentenced to 12 Years for Bond, Bonus Fraud

(Bloomberg) -- George Urumov was sentenced to 12 years in prison by a London judge for his part in a multi-million dollar bond fraud and fake bonus scheme.
  • Ex-Threadneedle Asset Management’s Vladimir Gersamia also sentenced to seven years in prison Friday
  • Yulia Balk, Urumov’s wife, cleared of money laundering and ex-Otkritie trader Alessandro Gherzi cleared of fraud by a jury Wednesday
  • SEE: Otkritie Trader Found Guilty of Bonus, Bond Fraud Schemes Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
OFCB RM (Bank Otkritie Financial Corp PJSC)

People
Vladimir Gersamia (Threadneedle Asset Mgmt)
Alessandro Gherzi (Otkritie Capital International Ltd)

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UUID: 7947283

HALISTER1: DBRS Comments on ECJ Spanish Mortgage Floor Ruling: Limited Risk to RMBS - DBRS Commentary

DBRS Comments on ECJ Spanish Mortgage Floor Ruling: Limited Risk to RMBS - DBRS Commentary

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Alfonso Candelas (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research

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UUID: 7947283

HALISTER1: EGB Flatteners in Favor on Large Month-End Extension: Citi

EGB Flatteners in Favor on Large Month-End Extension: Citi

(Bloomberg) -- Support from month-end duration changes could provide technical trigger for a corrective flattening in euro-area bond curves, Citigroup strategist Aman Bansal writes in client note.
  • Impact of supply on the index duration in January 2017 is set to be the highest in four years
  • 30-year sector should find the most support on the curve in Austria, the Netherlands and Ireland
    • On the Irish curve, 05/2026 is the richest bond in the 10y sector, while 02/2045 is the only 30y bond; the spread between the two is at historically steep levels
    • On the Dutch curve, prefer to express the flattening view in 10s15s, given the cheapness of the 01/2033 vs surrounding issues
    • Month-end changes should be very supportive for both 10y and 30y, while the most expensive RAGBs are in the 5y sector, best flattening trade on RAGB curve in 5s30s
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Aman Bansal (Citigroup Inc)

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UUID: 7947283

HALISTER1: Brazil's 'Car Wash' Prosecutor Says Corruption Probe to Grow

Brazil's 'Car Wash' Prosecutor Says Corruption Probe to Grow

Alert: HALISTER1
Source: APW (Associated Press)

People
Michel Temer (Federative Republic of Brazil)
Luiz Inacio Da Silva (Federative Republic of Brazil)
Sergio Moro (Federative Republic of Brazil)
Teori Zavascki ((BRA)Federal Supreme Court)

Topics
Criminal Practice & Procedure

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UUID: 7947283