New York
Citi adds three Bank of America private bankers in New York
Citi Private Bank has added three private bankers in its New York office. All have moved from US Trust, Bank of America Private Wealth Management, with two joining as managing directors and one as a senior vice-president
US shale extraction technique under investigation
US oil and gas shale production - seen as a vital contributor to US energy needs - is under investigation due to environmental fears over extraction techniques.
US supervisors at loggerheads
Daily news headlines
Report calls for US to implement Basel II
McKinsey report finds Basel II key for US to maintain market share
Sponsor's Event> Algo Capital and Credit Forum 2005
Basel II and today’s market landscape make it essential for financial institutions to manage risk and capital in a systematic and transparent manner across the enterprise.
BoA makes London rates hire
Bank of America (BoA) has hired Nicholas Dechosal, former head of derivatives, short-term interest rates and forwards trading at Rabobank Utrecht, in London.
BNP Paribas reorganises fixed-income business
BNP Paribas is set to reorganise its fixed-income business by splitting its marketing and trading activities. The new set-up replaces a structure where the division was split into three areas: foreign exchange, interest rates and credit.
Private bankers buying more FX-linked structured products
Private bankers are buying an increasing number of structured products linked to currency movements in a bid to provide more attractive yields to their clients.
Front Capital wins $5 billion hedge fund client
KBC Alternative Investment Management (KBC AIM), a hedge fund subsidiary of Belgium's KBC Bank and Insurance Group that manages more than $5 billion in assets, plans to implement Front Capital's Arena trading, risk management and distribution system.