Foreign exchange
RBS launches three new products in Sweden
The Royal Bank of Scotland (RBS) has launched three new products for the Swedish retail market: Autopilot 8, Alpha Centurion 2, and BRC Index Spread.
Banks lean on support loans
Several large investment banks have taken advantage of easier lending terms from central banks, aimed at increasing liquidity in the wake of the subprime crisis.
SIV-lite vehicles take massive hit from S&P
Rating agency Standard & Poor's (S&P) has made spectacular downgrades to two structured investment vehicle-lites (SIV-lites), which combine collateralised debt obligation structures with short-term funding common in SIVs.
Some 42% pass CFA exams worldwide
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Warsaw Stock Exchange trades Deutsche Bank’s X-Markets structured note
Warsaw Stock Exchange (WSE) has started trading Deutsche Bank’s X-markets structured note, db Magic Three II. The three-year note is linked to the average of the best return out of one of three different portfolios with different risk profiles …
Citi, Hanwha withdraw applications for Korean OTC licences
US dealer Citi and Seoul-based Hanwha Securities last month withdrew their applications for over-the-counter (OTC) derivatives licences in South Korea, the country’s highest level of dealing licence. The firms applied for the licence in June, along with…
Close Brothers enters futures business
London-based investment bank Close Brothers has taken a 49.9% stake in Mako Global, a market-maker in exchange-traded derivatives.
Rabobank launches structured products linked to stock exchanges
Rabobank has launched three structured products linked to the share prices of three Asian stock exchanges: Hong Kong Exchanges and Clearing (HKex), the Singapore Exchange (SGX) and Bursa Malaysia (Bursa).
Central banks act again as credit crisis continues
Central banks have acted today to increase liquidity in money markets, as the US subprime meltdown continues to have effects around the world.
Structured products exchange renamed Scoach
The structured products joint venture between the SWX Group and Deutsche Börse has been renamed Scoach.
Trichet: the worst is over in subprime crisis
Jean-Claude Trichet, president of the European Central Bank (ECB), told markets today that the worst of the volatility caused by the US subprime mortgage crisis is now over.
Goldman Sachs acts to support troubled fund
Goldman Sachs has led a $3 billion bailout of one of its own hedge funds after market turbulence lost it almost half its value - much of it in the last week.
House of Lords security report deems internet a playground for criminals
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Retail banking compliance survey: a reality check
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BNP Paribas adds in EM structuring
BNP Paribas has appointed Vlad Galea as head of Emerging Markets structuring in Europe, within Fixed Income’s Institutional Client Group (ICG). The role incorporates all structuring, with Galea reporting to Kara Lemont, European head of FX and Interest…
AML programme expenditure skyrocketing
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S&P launches US commercial real estate indexes
S&P and real estate research and investment management group GRA have launched 10 S&P/GRA commercial real estate indexes (SPCREX), which measure the changes in commercial real estate prices by property sector and geographic region in the US.
Sovereigns step in as ABS funds reel
The fund management arm of French bank BNP Paribas has suspended redemptions on three of its funds - Parvest Dynamic ABS, BNP Paribas ABS Euribor and BNP Paribas ABS Eonia.
SGI launches three new indexes
Société Générale Index (SGI) has launched the SGI Wise family of indexes, based on the proprietary Wise Model that aims to outperform European equity markets.
Société Générale and Calyon finalise brokerage merger
Société Générale and Calyon reached an agreement to merge the brokerage units of their respective subsidiaries, Fimat and Calyon Financial. The banks say they expect the new entity, Newedge, to be launched in early 2008, subject to the approval of…