News
Pimco CEO to retire
Bill Thompson, chief executive of the US asset management firm Pimco, will retire at the end of the year, to be replaced by co-chief executive Mohamed El-Erian.
Tullett Prebon combines voice and screen trading for energy markets
Interdealer broker Tullett Prebon has introduced an internet trading platform for the Ontario power market and both the Western US and Canadian gas markets that combines voice and electronic brokering.
Icap to broker base metals on the LME
Interdealer broker Icap has launched a London Metals Exchange (LME) base metals broking business.
Minor metals to make LME debut
Futures contracts for minor metals molybdenum and cobalt will be launched on the London Metal Exchange (LME) in the second half of 2009, the LME has announced today.
Doubts over UK and ECB bank support
As the European Central Bank (ECB) acts to reduce its liquidity support for eurozone banks, UK banks may face dire consequences from heavy use of the Bank of England's support scheme.
More ABS losses to come on Alt-A, auto loans and credit cards
While defaults and delinquencies on subprime mortgages appear to have peaked, losses on prime mortgages and other prime collateral referenced by asset-backed securities (ABS), such as auto loans and credit cards, are expected to keep rising.
Italy set for launch of electricity futures
After years in the making, Italy will finally see the introduction of exchange-traded electricity derivatives through Borsa Italiana, the Italian stock exchange.
Two Credit Suisse brokers charged with ARS fraud
The US Securities and Exchange Commission (SEC) has accused two Credit Suisse brokers of duping their customers into buying more than $1 billion of subprime-backed auction rate securities (ARS).
Europe closer to cash equities code of conduct
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Mifid co-operation on branch supervision improving, says Cesr
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Firewall halts trading on Turquoise
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Lamfalussy committees restate responsibilities
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Standard Chartered names two new global heads
Standard Chartered Bank has named new global heads of structuring, and equity derivatives and commodities.
BarCap names head of equity derivatives flow sales
Barclays Capital has appointed Yannick Mallegol as head of equity derivatives flow sales.
BNP Paribas loses head of insurance and pensions
Mark Azzopardi, London-based head of insurance and pensions at BNP Paribas, has left the bank for a role with asset manager AllianceBernstein.
Cat bonds go against the grain of the credit crisis
Catastrophe bonds (cat bonds) have been one of the few asset classes to prove resilient to the capital markets' turbulence over the past year.
BIS speaks out on economic capital calculation
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Barclays delivers fourth issue of Emerging Markets Optimiser
Barclays Wealth has released the fourth issue of its five-year Emerging Markets Optimiser, which has accrued more than £50 million since the first tranche launched in February. The plan offers the Eastern European option that was introduced in the June…
Lehman releases inaugural issue of Dual Income Plan
Lehman Brothers has launched the first issue of its Dual Income Plan, offering investors a choice of 8.8% annual fixed income or 0.71% monthly fixed income. The five-year plan, linked to the FTSE 100 index, provides full return of capital at maturity…