Feature
Too many losses to report, say US banks
Daily news headlines
Gallego to partner at Schulte Roth & Zabel
Dominique Padilla Gallego, a partner in the tax group at Schulte Roth & Zabel who focuses on US federal income tax matters related to structured finance transactions, financial products and investment funds, has been elected a partner at the US law firm.
RBS debuts in Japanese retail market
RBS Securities Japan has made its first foray into the Japanese retail structured products market with two, new structured bonds. The launch follows approval by Japanese authorities of shelf-registration status, granted in November 2007, that allows RBS…
Maybank issues new Islamic structured deposit
Maybank in Singapore has launched its second Islamic structured deposit, Prestige Structured Deposit, which is linked to the performance of the SGAM Al Baraka commodity index.
Barclays launches its latest regular income product
Barclays has launched its latest regular income bond. The investment is a five-year plan which pays investors an annual income of 7.25%. It offers tax-free returns when packaged inside an Individual Savings Account (Isa) or Personal Equity Plan (Pep.)
BNPP adds Tranter as head of European equity derivatives flow sales
Nick Tranter will join BNP Paribas as head of European Equity Derivatives Flow Sales on January 28. Tranter will also oversee the French bank’s equity derivatives business with UK clients. He will report to Denis Frances, global head of equity…
Lowenstein brings in derivatives expertise
Lowenstein has taken on Sherri Venokur as part of its investment management group. Venokur will be chair of the New York-based law firm’s derivatives practice group. Her appointment marks a move by Lowenstein to become more involved in the derivatives…
The drive for convertibles
Hedge funds are exploring opportunities in convertible arbitrage, a trade that appeared to have gone out of fashion permanently back in 2005. With the promise of lucrative returns having put this strategy firmly back on the map, investors now need to be…
Covered Bonds rates or credit?
In these times of uncertainty for the credit markets, covered bonds have become something of a refuge for investors. Their seniority in the capital structure and close relationship to Bunds have led some in the market to treat them as a proxy for rates…
Q&A - Ali Pichvai
The managing director of trading technology provider Quod Financial talks about multi-asset trading and how this technique can benefit both buy and sell sides
The Big Interview - Moody's
Brian Clarkson and Frederick Drevon from under-fire rating agency Moody's talk to Credit about what areas of their business they intend to tighten up and what effect the liquidity crisis may have on the broader market
Bailout time for SIVs
Investors are watching eagerly as banks unveil plans to restructure their ailing SIVs. Hardeep Dhillon looks at the various schemes and how they affect the proposed M-LEC 'super-SIV'
UBS to launch Greenhouse Index
UBS will launch the UBS Greenhouse Index (UBS-GHI), the first tradable investment benchmark to track the Greenhouse Effect, on January 23 2008. The UBS-GHI is the first integrated index that provides exposure to greenhouse gas emissions and their…
Barclays launches new core suite of investments
Barclays Bank has launched a new core range of investments focussing on capital preservation, which are designed to offer access to products that maximise returns in volatile markets. The issuer is Woolwich Plan Managers.
S&P grows its thematic series with new Global Eco index
S&P has launched a new investable index, the S&P Global Eco index, which is designed to offer exposure to environmentally responsible investment strategies.
Dawnay Day Quantum offers uncapped returns
Dawnay Day Quantum will launch the DDQ European Stockmarket Maximiser III on 21 January, a six-year plan designed to offer index-beating returns in European Equity markets.
Morgan Stanley launches four new structured products.
Morgan Stanley has released four new structured products that offer exposure to Asian indexes and the FTSE 100.
Saxo Bank consolidates on financial products
Danish investment bank Saxo Bank has appointed Hugh Taggart as head of financial products.
HSBC bolsters Asian team
HSBC has appointed Gary Hung as managing director and head of intermediaries, north Asia in Wealth Management Sales, Global Markets.
Deutsche Bank excludes credit from new fund-linked note
Deutsche Bank has launched a fund-linked note designed to offer institutional investors stability with added alpha returns. The Globe note aims to outperform Libor or Euribor rates by 3% while simultaneously offering capital protection.
Barclays Capital launches deposit deals for offshore
Barclays Capital has launched the latest product in its Structured Deposit Series for Offshore Life Bonds. The five-year product offers two separate deposit accounts designed exclusively for inclusion in an offshore life bond: the Guaranteed Bric 40…
CIMB offers dented banks
Malaysia's CIMB, has launched the Rebound FRNID (floating-rate negotiable instruments of deposit) product, which is designed to benefit from the potential rebound of four major global banks negatively impacted by the US subprime crisis: Citi, Merrill…