HALISTER1: Matt Levine's Money Stuff: Robots, Rogues and Regulation

Matt Levine's Money Stuff: Robots, Rogues and Regulation

Alert: HALISTER1
Source: BV (Bloomberg View)

People
Clifford Stearns (APCO Worldwide Inc)
David Wormsley (Citigroup Inc)
Guy Hands (Terra Firma Capital Partners Ltd)
Jeb Hensarling (United States House of Representatives)
Jerome Kerviel (Lemaire Consultants & Assoc)

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UUID: 7947283

HALISTER: Deutsche Bank Management Board Member Price to Leave Company

Deutsche Bank Management Board Member Price to Leave Company

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
DBK GR (Deutsche Bank AG)

People
Jonathan Eilbeck (Deutsche Bank Ag/london)
Quintin Price (Deutsche Bank AG)

Topics
Financial Firm Departures
Management Changes
Who's News - People

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UUID: 7947283

HALISTER: Deutsche Bank Says Quintin Price Leaving After Less Than 1 Year

Deutsche Bank Says Quintin Price Leaving After Less Than 1 Year

(Bloomberg) -- Quintin Price, the head of Deutsche Bank’s asset management arm who joined in October and became a management board member in January, is leaving after a period of medical leave, according to an e-mailed statement.
  • Supervisory board has begun search for successor; meanwhile Jon Eilbeck to continue leading operational responsibilities for the business
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
DBK GR (Deutsche Bank AG)

People
Quintin Price (Deutsche Bank AG)
Jonathan Eilbeck (Deutsche Bank Ag/london)

Topics
Who's News - People

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UUID: 7947283

(2) *DEUTSCHE BANK SAYS ASSET MANAGEMENT HEAD QUINTIN PRICE LEAVING

*DEUTSCHE BANK SAYS ASSET MANAGEMENT HEAD QUINTIN PRICE LEAVING

--ANGELA CULLEN
Alerts: HALISTER, HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
DBK GR (Deutsche Bank AG)

People
Quintin Price (Deutsche Bank AG)

Topics
Who's News - People
Management Changes

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UUID: 7947283

(2) *U.S. EXTENDS LIVING-WILL DEADLINE A YEAR FOR FOUR FOREIGN BANKS

*U.S. EXTENDS LIVING-WILL DEADLINE A YEAR FOR FOUR FOREIGN BANKS

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
DBK GR (Deutsche Bank AG)
BARC LN (Barclays PLC)
CSGN VX (Credit Suisse Group AG)
UBSG VX (UBS Group AG)

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UUID: 7947283

HALISTER1: Even a Remain Vote May Not Redeem GBP Credit Curve: Analysis

Even a Remain Vote May Not Redeem GBP Credit Curve: Analysis

(Bloomberg) -- GBP corporate credit may continue to underperform EUR counterparts even if the U.K. votes to remain within the EU as the British political landscape alongside the ECB’s stimulus efforts may reduce its allure, Bloomberg strategist Simon Ballard writes.
  • A “remain” verdict may trigger a near-term rally in GBP corporate bonds, causing the curve to narrow relative to EUR credit
  • Still, any such rally may be short-lived
    • For one thing, concerns remain over U.K macro and political outlook, and in particular a potential post- referendum leadership challenge to Prime Minister Cameron
    • The ECB’s corporate-sector purchase plan scheduled to run until late 2017, creating long-term structural support for EUR corporate bond spreads; may favor continued outperformance of asset class relative to GBP corp credit over coming months
  • NOTE: Simon Ballard is a credit strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: UST MORNING CALL: 10Y Sale in Focus, Foreign Demand May Support

UST MORNING CALL: 10Y Sale in Focus, Foreign Demand May Support

(Bloomberg) -- Treasuries little changed overnight, analysts shift focus to 10Y supply.
  • Allotment data for end-May auctions show rise in sponsorship driven largely by international demand, 10Y auction should be smooth if end-user demand remains elevated, JPMorgan says in a client note
  • RBS says in note that 10s are rich on the curve due to foreign, domestic real-money demand; will be watching auction sponsorship to see if demand still strong or has been satisfied
  • May see some consolidation today, given supply, though low bund, JGB yields overnight emphasize persistent downward pressure on global rates, may also serve to contain Treasury yields, CRT says in note
  • Technicals:
    • Resistance: 131-02+ (May 6 high, pivot r1), 131-05+ (April 7 high), 131-26 (3sd from 50-day range avg.)
    • Support: 130-20 (June 6 low), 130-14+ (June 3 mid price), 129-27 (June 3 low)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283