Bank confidence bursts back.

The article discusses the recovery of the non-government guaranteed bank issuance in the private placement market. It states that the number of public unguaranteed issues surpassed guaranteed issues in April 2009. In the private market at Great Britain, the Government limited the amount of paper each bank can issue and many borrowers are now full on their guarantee allocations. The increase in covered bond issuance is noted as investors look for low-risk alternatives to government guaranteed bank paper.