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Reliant completes sale and changes name to RRI
Reliant Energy today completed the sale of its Texas retail business to NRG Energy and announced it will change its name to RRI Energy, effective May 2, 2009.
Goldman's commodity record
Record results for first-quarter 2009 commodity trading driven by competitive dynamics, wider margins and liquid transactions
NYSID causes first monoline CDS default
An auction is to be held to settle credit derivatives linked to Syncora, the monoline formerly known as XL Capital Assurance, after a committee declared a credit event to have occurred on the firm on May 1.
EC issues remuneration principles for risk takers
Daily news headlines
Basel releases framework for assessing systemic risk of large banks
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SEC wants authority over hedge funds
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Providers bank on Russia recovery
Arc Capital and Income has launched the second tranche of its Emerging Markets Russia plan for UK investors. The latest issue follows the launch of four new tradeable Russian sector indexes on March 31 by the Vienna Stock Exchange (VSE), which are…
Profile
To celebrate its 15th anniversary Energy Risk is conducting interviews with veterans who have shaped today's energy markets. This month Katie Holliday talks with energy risk management guru Vincent Kaminski, professor at Houston's Rice University, and…
BaFin: German banking clean-up could involve €816bn of assets
Up to €816 billion of assets could be involved in a potential clean-up of the banking system, according to a report by the German finance regulator Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin).
Bank lending continues to fall in Europe and US
The first quarter of 2009 saw the supply of credit from banks to the wider economy continue to decline, although the riskiness of interbank lending has remained stable.
More than 100 firms apply to buy toxic assets under PPIP
More than 100 money managers have applied to the US Treasury to be granted fund manager status under the Public-Private Investment Programme (PPIP) and commence purchasing toxic mortgage securities with public money, the department announced yesterday.
SunGard launches Aligne
Pennsylvania-based software firm SunGard has introduced a software solution suite to help energy companies improve and speed up decision making through streamlining and integrating information across different business operations.
BlueNext to move into US carbon market
European environmental exchange BlueNext has announced plans to open a New York office this summer and launch Regional Greenhouse Gas Initiative (RGGI) products by the end of 2009.
Ex-SemGroup CEO denies trading strategy caused bankruptcy
Former SemGroup chief Tom Kivisto has criticized a court report that stated his speculative oil trading drove the company to bankruptcy.
Market tense over stress-test results
Continued silence from US authorities on the results of bank stress tests has left markets and analysts alike fretting over which firms are in need of additional capital.
US Wrap: Citi offers PCs and McDonald's
Citi launched two reverse convertibles into the US yesterday. They were the only two products launched as issuance has failed to pick up momentum. The notes link to the reference stock of Intel Corp or McDonald's.