Structured products
System overload
Private banks
Biting the bullet
Emerging-market loans
Structured stagnation
Editor's letter
Icap Hyde buys Capital Shipbrokers
Global shipbroking firm, Icap Hyde, has acquired Capital Shipbrokers, a privately-owned shipbroker based in London.
Standard Chartered will fund troubled SIV
Standard Chartered has taken a second vertical slice of its Whistlejacket structured investment vehicle (SIV) and will consolidate the whole $7 billion structure onto its balance sheet, the bank announced today.
Escoffier credits customer support for SG
Speaking as he accepted the Risk award for equity derivatives house of the year last night, David Escoffier, head of global equities and derivatives for London and head of the bank's hedge fund group, credited SG's clients with helping to keep the bank…
MBIA announces $2.3 billion Q4 writedown
The situation in the troubled bond insurance sector has worsened, with the announcement of a $2.3 billion fourth-quarter writedown by New York monoline, MBIA.
UBS startles market with $14 billion writedown
UBS revealed this morning that it had taken even more damage from the US subprime debacle than it expected, with writedowns totalling $14 billion.
CME offer for Nymex leaves ICE in the cold
The potential creation of the world’s largest exchange will strengthen rivals’ urge to merge, say analysts. David Watkins reports.
FSA 2008 outlook focuses on SocGen bonus lessons
The Financial Services Authority (FSA) has urged investment banks to re-examine their attitudes towards annual staff bonuses in the wake of last week's record rogue-trading loss at Société Générale.
SG gives details of fraud, but questions remain
Société Générale has released more details of the rogue equity index trades that cost it €4.9 billion, alongside news that the bank was first alerted to the trades as far back as November 2007.
BNP Paribas adds fund derivatives sales in London
BNP Paribas has appointed Stephane Berthet and Frederic Cezard in its fund derivatives sales team within its Equities & Derivatives division in London.
Meteor Asset Management launches its Prima 6 Kick Out Growth Plan
Meteor Asset Management has launched its Prima Growth Plan 6, a six-year plan linked to the FTSE 100. The plan offers a return of 12% at the first yearly anniversary provided the index is at, or above, its opening levels.
BarCap releases Quant credit strategy indexes
Barclays Capital has launched a new range of credit derivatives strategy indexes.
Arc Capital and Income launches its latest Fixed Income Plan
Arc Capital and Income has launched its five-year Fixed Income Plan 4, which comprises two options based upon the FTSE 100, Nikkei 225 and S&P 500 indexes.
'He didn't want to tell the truth immediately': Mianne on Kerviel
The Société Générale rogue trader knew "perfectly" how to conceal his trades with a combination of fictitious trades and rolling forward positions, according to Christophe Mianné, the new head of global equities and derivatives, who spoke exclusively to…
Monoline bailout looking likely
As market conditions continue to deteriorate, interested parties are coming together in an attempt to save the imperilled US monoline insurers from bankruptcy.
Markit buys BOAT
Daily news headlines
Barclays Stockbrokers launches two capital protected investment notes
Barclays Stockbrokers has launched two new investment notes to coincide with the beginning of ISA season. The notes have been designed to offer portfolio diversity while providing a tax efficient investment opportunity, if held in an ISA, PEP or SIPP.
Commerzbank launches UK and Ireland sales
Commerzbank Corporates & Markets (CBCM) has launched a UK and Ireland Financial Institutions Marketing (FIM) sales team which includes two new hires, Eugene Collins and Steven Muzzlewhite. The initiative marks the expansion a European structured products…