Dividends have caused sizeable losses for dealers and investors over the past few months, as a precipitous fall in expectations has hit structured product issuers and those who participated in dividend swaps. Mark Pengelly investigates
Royal Bank of Scotland (RBS) is now majority owned by the government after receiving a £20 billion bailout.
Record high levels of volatility in the equity market since September have caused huge losses on popular indexes that allowed investors to take short implied volatility positions.
The US government's move to rescue beleaguered banking giant Citigroup will not impair its ability to bail out other banks.
The US government has given Citigroup a lifeline via a $20 billion direct capital injection and a guarantee for $306 billion in securities.
The Royal Bank of Scotland (RBS) gained overwhelming investor support for raising £19.7 billion in preference shares at an extraordinary general meeting yesterday, in which the chairman apologised for the bank's poor financial performance this year.
Annualised coupons offered on three-month reverse convertibles linked to Brazilian blue-chip stocks have soared over the past few months because of the extreme equity volatility environment. A reverse convertible priced in January last year on Vale do...
Barclays Wealth has launched a new range of protected investments that will be available until January 9 2009: a five-year regular income bond linked to the DJ Stoxx 50 index of European supersector stocks offers a fixed annual income of 7.75% or a quarterly...
AIG was shored up by a restructuring plan hammered out by the US Treasury and Federal Reserve Bank of New York today, which involved the creation of an off-balance-sheet vehicle to neutralise some of the insurer’s hefty collateralised debt obligation...
The number of structured product and warrant trades on the Swiss structured product exchange, Scoach broke all previous records in October, despite a 13% fall in the volume of Swiss franc issuance. Exchange-traded funds (ETFs), a separate category from...
Dealers have pledged to the Federal Reserve Bank of New York to begin using a central counterparty for clearing credit derivatives by the end of November.
Trading volatility can help hedge funds to diversify their portfolios and generate alpha in a challenging market. Kris Devasabai and Stephen Quigley report on the strategies employed by volatility traders and its emergence as an asset class
CTA/managed futures funds have been the top performers in the hedge fund world this year. US Editor Kris Devasabai and reporters Stephen Quigley and Jamie Wynn-Williams analyse the risks facing the funds and investors in a volatile market
Special Report - Hedge funds
Special Report - Volatility
Structured Products Asia 2008
Special Report - Volatility products
Special Report - Options