Foreign exchange
JP Morgan buys Bear Stearns after receiving Fed guarantee
JP Morgan, the middleman in the Federal Reserve's discount-window attempt to prop up Bear Stearns on Friday, will buy the troubled bank at a knockdown price.
Bank writedowns - is the worst over?
The credit crisis that has roiled the financial markets has wiped out massive amounts of value from banks' balance sheets, resulting in crippling losses for some banks. Most recently, HSBC announced a 79% rise in loan impairment charges and credit risk…
Margin calls bring mortgage funds to their knees
Funds that invest in asset-backed securities (ABSs) are struggling to cope with hikes in margin calls from investors – and some are even collapsing.
FSA clamps down on insider trading
Editor's blog
US regulators tighten grip on mortgage lenders
Daily news headlines
Oil falls after record week
Crude oil for April delivery closed down 12 cents to $110.21 a barrel on the New York Mercantile Exchange (Nymex).
Gazprom Marketing & Trading makes smart metering investment
Gazprom Marketing & Trading, the UK-based subsidiary of the Russian natural gas giant has taken an equity stake in a leading automated meter reading supplier.
Fed bails out Bear Stearns
The Federal Reserve Bank of New York has stepped in to prevent insolvency at Bear Stearns, offering to provide liquidity through JP Morgan.
Sovereign wealth funds spark lively debate
At the Sovereign Wealth Management conference - hosted by Central Banking Publications in London on Thursday - calls for greater transparency by sovereign wealth funds were matched by demands from the funds themselves for fair regulatory treatment.
New LevX series to debut
Markit has announced the launch of the Markit iTraxx LevX Series 2 leveraged loan index for European loans.
Central banks act again to preserve liquidity
Led by the US Federal Reserve, five central banks have announced measures to improve short-term liquidity as the financial sector remains short of funding.
Crude Oil surges to $107
The New York Mercantile Exchange (Nymex) benchmark oil contract has exceeded $107 per barrel in midday trading as the value of the US dollar continues to plunge
More finger pointing in the US
Editor's blog
International regulators release risk management report
Daily news headlines
Crude rally continues as analysts eye $115 oil
West Texas Intermediate (WTI) crude for April delivery surged to over $105/bbl on Thursday as analysts questioned how much longer the rally could continue.
Risk South Africa: SARB’s Mminele outlines challenges facing central banks
Flailing markets brought on by bad US subprime mortgages present serious quandaries to the world’s central bankers, suggested Daniel Mminele, head of markets at the South African Reserve Bank (SARB).
Banks relied too much on ratings, supervisors say
Regulators from France, Germany, Switzerland, the UK and the US say banks that suffered serious losses during the credit crisis often did so because of avoidable failures in risk monitoring and management.
Risk South Africa: leveraged loan market to pick up in 2009
The South African leveraged loan market will calm down in 2008 after the global credit crisis but is expected to pick up again in 2009, according to Rand Merchant Bank (RMB), a division of FirstRand Bank.
Deutsche offers liquid gold
Deutsche Bank will issue three exchange traded notes linked to its Liquid Commodity Index-Optimum Yield Gold offering a simple way to take a leveraged or short view on the price of gold. The notes will be traded on the NYSE Arca, and listed as: DB Gold…
Merrill targets prospering frontier
Merrill Lynch Global Research has launched the Merrill Lynch Frontier Index, an equity index designed to provide exposure to the largest and most liquid stocks from frontier markets in Europe, the Middle East, Africa and Asia.