Banco Santander Central Hispano has hired François Friggit as head of quants, for interest rates and hybrid products at the bank’s headquarters in Madrid.
The Royal Bank of Scotland (RBS) has hired Brent Eastburg as head of high yield trading in its capital markets unit.
ING Financial Markets has hired two equity derivatives traders, Jean-Guy Renard and Martin Wevers, for its Hong Kong office.
UK-based investment bank Barclays Capital has made two appointments to its equity derivatives team in London.
Crédit Agricole Indosuez (CAI) and Crédit Lyonnais (CL) executives will share the management of foreign exchange after the two banks’ merger on April 30, reports Risknews ' sister publication FX Week .
Heading the senior team is Martin Fraenkel, previously managing director of JPMorgan Chase's global commodities group in London. Fraenkel has recruited hissenior team from outside Rothschild. KamalInvestment bank Rothschild has entered the oil risk management...
California power company Calpine Corp has completed a $230 million non-recourse project financing for its 600-megawatt (MW) gas-fuelled electricity-generating Riverside Energy Center in Beloit, Wisconsin.
The CJ50 index that tracks the movement of Japan’s 50 most actively traded credit default swaps started trading today, with volume reaching beyond ¥10 billion ($83 million), according to BNP Paribas.
Lenders and borrowers alike are becoming ever more innovative at a worrying time for energy company financing. But will the new ideas catch on? Paul Lyon reports
The cost of credit protection on Japanese corporate debt tightened across the board this week, with spreads in the electronics sector particularly narrower, although volumes were thin.
UBS Warburg has become the fifth credit derivatives dealer to contribute to the CJ 50 index, a joint venture product that tracks Japan's 50 most liquid credit default swaps.
Credit default swap spreads on Japanese computer maker Fujitsu’s five-year debt protection widened 30 basis points this week, following media speculation that the company might become a “rehabilitation candidate” for the government’s Industrial...
Credit default swap spreads on Japan’s largest consumer and electronics group, Sony, widened further this week, following weaker than expected earnings results and the potential threat of a downgrade by Moody’s Investor Services, say traders.
Japanese credit default swap spreads continued to tighten on technical factors, nearly reaching record levels, with trading volumes on the whole fairly subdued, according to traders.
Credit protection on Japanese names continued a tightening trend this week, on the back of positive sentiment globally with the war in Iraq nearing a close and the absence of negative news in the domestic market.
Jean-Claude Trichet's trial is not an insurmountable obstacle to his accession to ECB presidency. But while the outcome is uncertain, French officials must come up with a back-up candidate, says Stephen Sandelius, Paris correspondent for Market News International.
Pooling internal and external data is a central issue to estimating capital charges for operational risk. Here, Nicolas Baud, Antoine Frachot and Thierry Roncalli of Crédit Lyonnais discuss the methodology they have developed.
TOKYO – In mid-January, Japan's Financial Services Agency (FSA) issued administrative actions against the Tokyo branches of both Crédit Lyonnais Securities Europe and ING Securities after the agency found regulatory breaches at both firms.
onExchange, the US back-office technology company, today confirmed market rumours that it made an offer to buy out UK-based financial technology company Rolfe & Nolan. Although Rolfe & Nolan rejected onExchange’s conditional, indicative offer of 85p...
Rolfe & Nolan, the London-based derivatives technology company, has confirmed that it has received a bid approach. Credit Lyonnais is acting on behalf of the vendor.
Atlanta-based Weather Board of Trade (WBOT), which was set for an October launch, will now only start trading exchange-based weather derivatives in February 2003. WBOT has also lost a number of its charter members, encountered problems with its fund raising,...
French bank Credit Lyonnais has extended the use of US-based software house DerivaTech's foreign exchange options pricing system to its branches in Korea, Taiwan and India.
Ted de Vries, Amsterdam-based global head of ING Financial Markets, has taken over direct responsibility for global foreign exchange, the bank said last week.
There has been a sharp decline in the number of over-the-counter gas and power contracts since the demise of Houston-based energy trader Enron. Firms initiating power trades are increasingly conducting them via exchanges or through their clearing services,...