Escaped kids, hidden abuse — What happens when private equity enrolls in daycare?

Restructuring veteran Charles Noel-Johnson dies at 50

Prominent restructuring banker Charles Noel-Johnson passed away earlier this month at 50. A well-known market veteran, Noel-Johnson was Lazard’s managing director and co-head of the European capital structure advisory group, based in London.

'Operation Royal Crown' — How a DQ list left Bank of America holding an unsettled trade

Two of distressed debt’s largest institutions are appearing at a hearing in a New York state court on Monday, 29 June to determine the scope of a trial that could transform the way DQ lists are enforced. It started like any other trade. Andrew Van Orden, a distressed trader at Bank of America, joined a Bloomberg chat in September 2021 with a single word: “yo.” Ethan Auerbach, a portfolio manager at the alternative asset manager Black Diamond Capital Management, replied within a few seconds: “Lmk how operation royal crown goes.”

European IG Wrap — NTT bucks the trend as issuance begins to tail off

LatAm Weekly — Canacol scores a win in Alberta, and Braskem takes a turn for the worse

Asia weekly — ByteDance eyes $20bn offshore financing

US IG Wrap — SpaceX bond underwhelms in the secondary, Sony returns