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Credit markets

Doug Long

The business development head at structured finance software vendor Principia talks to Matthew Attwood about what it will take to restore investor appetite for structured products

Profile: Eddy Wymeersch

The chairman of the CESR and one of Europe's most senior regulatory figures talks to Alexander Campbell about oversight of the CDS market and fair value accounting

AIG sells Swiss private bank

AIG, the beleaguered US insurance giant, today announced the sale of its Swiss subsidiary AIG Private Bank to Aabar Investments, the United Arab Emirates investment company, for a provisional Sfr307 million ($254 million).

Interbank lending remains steady

The interbank lending markets were stable this morning. The Ted spread, which tracks the difference between three-month Libor and US Treasury bills, was at 2.18% at 12.50pm London time today, unchanged from Friday's close.

UK CDS spreads up

The cost of credit protection on UK banks increased in early trading this morning, while US financial institutions experienced mixed market sentiment.

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