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GM downgrade to junk ‘a few quarters away’
There is a sense of inevitability about GM’s prospects as more bad news emerges
Bank of America names head of credit syndicate
people news
Citi to use Moody’s KMV tracking error system
technology news
BNP Paribas launches trading platform for structured products
BNP Paribas has launched an electronic trading platform for structured products, aimed at increasing secondary market liquidity across different asset classes.
JP Morgan boosts gas and energy team
JP Morgan has hired George Taylor as both global head of gas and power trading and US head of gas and power, having spent five years at Morgan Stanley. He reports to David Kitson, head of global energy.
Goldman focuses on cross-asset trading service
Goldman Sachs has announced that Noel Donohue has retired from his position as global head of firm-wide risk in New York, a position he has held since 1999. He will be replaced by Robert Berry, who has worked with Donohue since 2002. Previously, he held…
Concern over ABS op risk grows
New angles
Trust-preferred CDOs spark concern
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Goldman launches swaps platform
New angles
Job moves
People
CMBS derivatives gather pace
New angles
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Isda looks to past and future
New angles
Eyes turning east
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Lehman continues equity derivatives hiring spree
Lehman Brothers has appointed Arnaud Apffel as co-head of European equity corporate derivatives, alongside Marco Di Prima in London. He will report to Philip Lynch, head of global finance in Europe and David Bizer, co-head of equity sales in Europe.
Polish power exchange chooses OMX software for trading and clearing
In a move to develop its electricity spot and derivatives market, the Polish Power Exchange (PolPX) will use the Condico system from Stockholm-based OMX, the owner and operator of the Swedish stock exchange.
Korean Air launches cargo receivables securitisation
Korean Airlines (KAL) has launched a cross-border securitisation involving all its future yen cargo receivables, the first transaction of its kind in Asia.