China’s local governments have channelled their debt through off-balance sheet financing vehicles that leave creditors little recourse to repayment in the event of default. Calls to reform this system could result in the formation of a municipal bond...
HSBC has made a series of hires across foreign exchange trading and sales in Asia and Europe, it confirmed today (August 17).
Short volatility positions contribute to poor equity derivatives results
Latest hire in a series of senior appointments to the firm's FX business
Fifteen banks accused of mis-selling mortgage-backed securities
The movers and shakers in the op risk professions
Bank of America Merrill Lynch has developed a liquid volatility index for institutions which are seeking a systematic tail risk hedge.
Gary Katcher, head of global institutional fixed income at Knight Libertas, will leave the firm at the end of July.
Can Uran leaves Bank of America Merrill Lynch for senior role at UBS
An irreverent take on events of the last month, including the Which confusion over structured products, ETF trading, S&P's benchmarks, a Swiss preference for capital protection and more capital gains tax in the UK
Chris Lee has taken over global market investment products and the db-x division in Asia for Deutsche Bank. Formerly head of the structured products group at UBS, Lee started at Deutsche in the last week of June.
Hong Kong's population of wealthy individuals more than doubled last year - the strongest crisis rebound in the world.
The latest Capgemini/Merrill Lynch World Wealth Report predicts greater investment in structured products on the back of a recovery in high-net-worth investors' finances
The effect on global crude supply in the short-term from the BP spill will be minimal, although production costs will rise, say analysts
Can Uran joins bank as co-head of FICC emerging markets.
Newcomers to focus on the Middle East and North Africa (MENA) region.