Case against two Bear Stearns hedge fund managers to be decided in court
Energy Risk catches up with the latest appointments, promotions and departures in global commodities markets
Tim Mortimer of Future Value Consultants looks at the pricing issues for structured products in different markets and provides his trade of the month
Christopher Bae and Thomas Gillie will join Bank of America as managing directors and co-heads of global foreign exchange options in October.
Daily news headlines
Sanaz Zaimi will join Bank of America Merrill Lynch as head of fixed income, currencies and commodities (FICC) sales for Europe, the Middle East and Africa (EMEA) in early 2010.
Trading activities and one-off gains helped US banks record positive results during the week ending July 17, despite a continuing deterioration in traditional lending businesses, analysts said.
The US foreign exchange prime brokerage business of AIG Financial Products (AIG FP) has been transferred to BNP Paribas, along with eight staff.
Another single note was released into the US market yesterday, continuing the slow pace of issuance for the week. The product was issued by Bank of America and gives exposure to the MSCI Eafe Index, which tracks the performance of international equity.
Bank of America has launched an accelerated growth note linked to the Nikkei 225 index, following the issuance of a note 10 days ago by Royal Bank of Canada which tracked the Japanese equity benchmark as one of three indexes in a basket.
Daily news headlines
Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch took a look at the exchange-traded product market, particularly in Europe, and decided that to enter as a provider they needed scale. So the three got together and created Source. Richard...
Losses and Lawsuits
The US government's bank stress tests appear to have been successful in stabilising financial markets, but some market observers believe they are obscuring broader systemic problems and could hamper efforts to deal with toxic assets.
Market sentiment towards US banks improved today, with the cost of credit protection on six of the nation's largest financial institutions falling. The move came on the same day Bank of America (BoA) was reported to have raised $7.3 billion from selling...