Wells fargo bank
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On lists of the top US futures clearers, one big US bank is conspicuous by its absence. Wells Fargo was ranked fourth by assets in the US according to the Federal Deposit Insurance Corporation as of September...
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David Murphy leaves Isda, to be replaced on an interim basis by Peter Sime, the association's recently appointed head of research
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Frank Newman, former US Treasury deputy secretary, and Ronald Gould, ex-UK FSA senior adviser, join the consultancy's China operations
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Barclays has issued a swathe of reverse convertibles, while HSBC and Wells Gargo are extending tenors on leveraged products.
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US SEC claims Wells Fargo Securities, formerly Wachovia Capital Markets, violated securities laws when selling CDOs tied to the ailing housing market
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Schemes involved staff from 11 high-profile US banks
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The US foreclosures crisis revealed the operational risks that arise when banks behave like mortgage factories
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Real estate is gaining popularity as an underlying, with a handful of products tracking iShares Dow Jones Real Estate Index fund in recent issuances.
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Those invested in Lifemark, the company backing UK plan manager Keydata, have been placed low on the list of those to be paid after financial restructuring.
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Wells Fargo is offering an accelerated growth product linked to four funds, one of which is an exchange-traded fund. Market participation is set at 125% and the maximum return from the three-and-a-half year product is 44% plus the return of capital
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