Equity derivatives come back into vogue

Bankers are celebrating the sector’s revival, but regulatory risks still lurk

Equity derivatives bankers are smiling in relief now that their business, which less than a year ago was threatening to disappear, is back and turning a healthy profit.

The response to recent convertible bond deals tells the story. This month, French payment systems company Ingenico sold a €220m bond with a €30m greenshoe that attracted an order book topping €5bn.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump