News
Mizuho losses prompt rethink
New angles
Merrill fined for improper sales of mutual fund shares
LOSSES & LAWSUITS
Mizuho Securities loses $223m in trading error
LOSSES & LAWSUITS
HSBC fined £100,000 by FSA over inaccuracy
LOSSES & LAWSUITS
ABN Amro to pay regulators $80 million
LOSSES & LAWSUITS
Personal liability for investment officers over fund losses
LOSSES & LAWSUITS
Mortgage fraud uncovered in South Wales
LOSSES & LAWSUITS
BarCap extends Barx to variance swaps
New angles
RiskNews
RiskNews
Mexico launches $2.5 billion of warrants
New angles
Credit Suisse launches longevity index
New angles
CAO fires three Singapore managers
China Aviation Oil (Singapore) has fired three senior managers involved in last year's derivatives trading losses.
Barclays opens first Chinese branch
Chinese regulators have granted UK bank Barclays a branch license for its Shanghai office. The license allows Barclays, including its investment banking arm Barclays Capital, to provide money market and foreign exchange services, and advise corporate…
Linklaters hires Liew as Asian derivatives head
Linklaters in Hong Kong has hired Chin-Chong Liew away from Allen & Overy to head its Asian derivatives operation.
Chinese banks debut with renminbi securitisations
China Construction Bank (CCB) and China Development bank (CDB) have kicked off the first securitisation schemes by Chinese banks, with CCB issuing RMB3 billion ($373 million) worth of residential mortgage-backed securities (RMBS) and CDB issuing RMB4.18…
Hong Kong SFC’s Au-Yang to step down
Hong Kong’s Securities and Futures Commission (SFC) said its chief operating officer, Peter Au-Yang Cheong-yan, would be leaving next year when his contract expires.
TSE president resigns over Mizuho fiasco
Tokyo Stock Exchange president Takuo Tsurushima and two other executives have resigned in response to the Mizuho trading error 12 days ago.
Singapore and CBOT to set up commodity exchange
The Singapore Exchange and the Chicago Board of Trade (CBOT) will set up a joint commodity derivatives exchange in Singapore next year.
Fed fines ABN Amro $80 million
The US Federal Reserve has ordered ABN Amro to pay $80 million in fines for lacking adequate risk management that could identify money laundering activities in its overseas branches. According to the order released on December 19, the Amsterdam-based…
Tullett Prebon opens broking joint venture in Shanghai
Tullett Prebon has opened an interdealer broking operation in Shanghai through a joint venture with the Chinese investment company Sitico.
BNP Paribas sets up soft commodites team
BNP Paribas has hired seven ex-Refco employees to build its worldwide presence in the soft futures market, and the Paris-based bank has also become a member of the New York Board of Trade (Nybot).