Feature
Bushel-whacked
Wheat
Nightmare on North St
Amid countless other subprime-related lawsuits, a showdown is currently taking place between HSH Nordbank and UBS over a stricken collateralised debt obligation, named North Street. The case raises questions about practices employed at banks and across…
Lightening the load
Regulatory reporting
Going going gone
Auction rate securities
Barclays reissues Emerging Markets Optimiser after demand for protected growth
Barclays Wealth is reissuing its Emerging Markets Optimiser in response to rising demand for investments that offer reduced risk exposure to high growth areas. The demand continues to increase amid the ongoing turbulence pervading the economic market.
FSA admits failings
Editor's blog
Barclays Wealth enhances Defined Returns Plan
Barclays Wealth has launched a new Defined Returns Plan linked to the FTSE 100 index, with an improved annual kick-out option and greater pay-offs for its three and five-year investment options.
SEC chairman backs update to liquidity guidelines
Daily news headlines
Yates rises at Credit Suisse
Simon Yates has been named as co-head for global securities in the Emea region for Credit Suisse, a newly created role that Yates will add to his role of head of global equity derivatives. Yates will report to Mike Ryan globally and to Eric Varvel on a…
Barclays Wealth to cut short Guaranteed FTSE Account
Barclays Wealth has announced that it will discontinue its tax-free, six-year Guaranteed FTSE Account on April 4 due to changes in Isa rules.
Bank Leumi launches agricultural structured deposit
Bank Leumi of Israel has launched a structured dollar deposit designed to provide exposure to a basket of agricultural commodities.
FSA goes on the warpath
Editor's blog
Deutsche Bank launches first short sector ETFs
Db x-trackers, the Exchange Traded Fund (ETF) arm of Deutsche Bank, has launched the first ETFs on short sector indexes in Europe. The five ETFs are linked to the Dow Jones Stoxx 600 short sector indexes and offer short or inverse exposure to European…
Dow Jones launches new single commodity sub-indexes
Dow Jones Indexes and AIG Financial Products have launched the Dow Jones AIG Platinum, Lead and Tin Sub-Indexes. The indexes have been licensed to ETF Securities, London-based provider of exchange traded commodities.
ETF Securities expands research team with new hire
ETF Securities has hired Nicholas Brooks as head of Research and Investment Strategy. Brooks previously worked as senior economist and market strategist based in London at Henderson Global Investors, a strategy and asset allocation team. Prior to this,…
Meteor launches product offering 10% income
Meteor Asset Management (MAM) has launched the Solar Income Plan, a five-year product based on five major UK banks: Barclays, HBOS, HSBC, Lloyds TSB and RBS. The plan offers a fixed income of 10% per year or 0.8% per month. Capital is returned in full,…
NDFA launches capital secure fixed growth plan
NDFA, provider of structured products in the UK, has launched the five-year Capital Secure Fixed Growth Plan March 08 offering a 45% fixed return. The plan, which provides full return of capital, is linked to the FTSE 100 and offers 45% return without…
ETF Securities launches 33 leveraged ETCs and 4 new commodities
ETF Securities has launched 33 leveraged Exchange Traded Commodities (ETCs) and four new commodity indexes, comprising cocoa, lead, tin and platinum. The new ETCs are available on the London Stock Exchange (LSE) and add to the total of 110 ETCs created…
Deutsche delegates Davis to head equity derivatives flow in Asia-Pacific
Mark Davis has been appointed head of equity derivatives flow for Asia-Pacific at Deutsche Bank, reporting to Denis MacCarthy, head of equity sales Asia.
Barclays stockbrokers launches FTSE linked investment note
Barclays stockbrokers has launched the five-year FTSE 100 Accelerated Return Investment Note. The note is linked to the performance of the FTSE 100 index, and is traded on the London Stock Exchange. It offers a one-off return equal to 75% at maturity if…
Barclays Stockbrokers launches new income investment note
Barclays Stockbrokers has launched the Regular Income Investment Note, linked to the performance of the FTSE 100 index. The five-year note offers quarterly income payments equivalent to 7% gross per year.
BNP Paribas launches collective investment fund
BNP Paribas has launched the second in the Volluto series of capital guaranteed collective investment funds for retail investors in France. The fund, known as a fonds commun de placement (FCP), is designed to offer a 7.7% annual return throughout its two…
Lehman launches two new issues
Lehman Brothers has launched the Enhanced Returns Plan issue 3 and the new Enhanced Deposit Plan in conjunction with the ISA/plan manager DRL.
Morgan Stanley offers new currency ETNs
Morgan Stanley has issued two new exchange traded notes (ETNs) linked to the Chinese Renminbi and the Indian Rupee. Each note will be listed on the Arca platform of the New York Stock Exchange (NYSE), and investment manager Van Eck Global will market the…