News
Deutsche Bank revises carbon price forecast – good news for CCS
Deutsche Bank has forecast a 2008 EU Emission Allowance (EUA) price of €40 per tonne, up from €35. The bank says a price of €40 will be high enough to incentivise future power plant and carbon capture and storage (CCS) build.
Smith steps into the breach at Wachovia
Wachovia Corporation announced the retirement of Ken Thompson, its chief executive officer, "at the request of the board" today.
Bradford & Bingley sells 23% stake after suffering losses
UK mortgage lender Bradford & Bingley has agreed to sell a 23% stake of the company to US private equity firm TPG Capital following announcements of losses for the first four months of the year.
Jack Jeffery joins SuperDerivatives
Jack Jeffery, formerly chief executive officer at Icap Electronic Broking in London, has joined derivatives pricing, trading and risk management company SuperDerivatives as chief operations officer.
Pimco makes big mortgage debt bet
Guarantee of Freddie Mac and Fannie Mae prompts Gross to raise exposure to mortgage debt
S&P may cut Moody's ratings
Coding error elevated debt products' rating; Moody's initiates a thorough review of its processes
Mortgage provider Edeus changes tack
From lending to offering technical expertise, Edeus offers investors a better understanding of risk in mortgage-backed asset pools