Foreign exchange
DBRS retreats from Europe
Dominion Bond Rating Service (DBRS) has closed its European offices in London, Paris and Frankfurt as a result of deteriorating revenues in the wake of the credit crisis.
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…
Blue Sky Asset Management launches the Protected Income Plan
Blue Sky Asset Management (BSAM) has launched its debut product, the sterling-denominated Protected Income Plan, which delivers a coupon of 10% per year while ensuring 100% contingent capital protection at maturity.
Merrill Lynch launches new carbon certificate in Europe
Merrill Lynch has launched a five-year certificate linked to companies with reduced carbon footprints set to benefit from the push for cleaner energy. The 100% capital protected certificate offers 100% participation and will track the bank’s proprietary…
Lehman Brothers launches new FX products in US
Lehman Brothers has launched three new principal protected notes (PPNs) in the US. Two of the products are currency-linked investments which allow investors to benefit from further weakening of the US dollar, while the third is based on a hard and soft…
Countrywide Home Loans dominates December US CDS trading
Credit default swaps (CDS) for the banking and financial services sectors dominated the most active trading in the US over December, led by Countrywide Home Loans, Lehman Brothers, CIT Group, Merrill Lynch and SLM Corp, according to interdealer broker…
Markit adds AJ tranche to CMBX indexes
London-based data provider Markit added a new tranche, the AJ tranche, to the off-the-run Markit CMBX indices on January 4.
Q4 writedown estimates raised for Citi, Merrill and JP Morgan
Citi, Merrill Lynch and JP Morgan could see writedowns totalling $33.6 billion relating to collateralised debt obligations (CDOs) over the fourth quarter, according to a report by Goldman Sachs on American firms, published on December 26.
CLS: the missing link in foreign exchange settlements
FX Settlements
A prime time to invest
Choosing a prime broker can be a daunting task for any hedge fund manager. David Walker met Lehman Brothers' Gunner Burkhart for some tips on how to make the right decision and avoid the political pitfalls common in some investment banks
Editor's letter
EDITOR'S LETTER
The Citi Guide to Structured Product Terminology
Corporate statement
The end of the average return
Corporate statement
Product reviews by Future Value Consultants
Product reviews
The Sensex 30 Index - Market access to the Indian equity market
Corporate statement
Stars of Asia
Asia Awards 2007
Foster Smith
Foster Smith, head of US gas and power trading at JP Morgan, tells David Watkins his fast-track career path is par for the course in commodities
Emissions trading in New Zealand
The recent policy framework put forward for New Zealand's emissions trading scheme (ETS) make it the most ambitious and stringent scheme yet proposed worldwide, but concerns over implementation have sparked fierce debate, finds Roderick Bruce