News
SG's Kerviel report blames supervisors and accomplice
Inattention by inexperienced supervisors and an accomplice in the bank's middle office helped Jerome Kerviel carry out rogue trades that lost Société Générale €4.9 billion in January this year, according to reports released by the bank today.
Gary Bullock joins Credit Suisse as head of investment bank global operations
Credit Suisse has appointed Gary Bullock as a managing director and head of operations for the investment bank.
Dahinden, Mazzocchi, Silvotti leave RBS
Three senior structured credit bankers have left Royal Bank of Scotland (RBS) in London, not long after two of them joined the firm from Dresdner Kleinwort.
DB Advisors expands its quantitative strategies team
Deutsche Bank's asset management division, DB Advisors, has appointed Ross Sakamoto as senior product specialist for quantitative strategies.
CDS market soars but equities shrink in late 2007
The credit default swap (CDS) market grew at record rates in the second half of last year, but equity derivatives shrunk for the first time since 2004, according to figures released today by the Bank for International Settlements (BIS).
DGCX to launch oil futures
Dubai Gold and Commodities Exchange (DGCX) will launch West Texas Intermediate (WTI) light sweet crude oil and Brent crude oil futures contracts on May 27.
BoNY appoints head of EMEA structured finance
The Bank of New York Mellon has appointed Dean Fletcher as managing director of its structured products group covering Europe, the Middle East and Africa (EMEA) for the international division of the company’s global corporate trust business.
Carson global head of Deutsche’s new derivatives unit
Deutsche Bank has named Richard Carson as global head of global equity derivatives (GED) - a newly-integrated business unit that includes the bank's vanilla, synthetic and complex equity derivatives franchises.
UBS appoints Philip Lofts as new group risk COO
UBS has made changes to its risk division, appointing Philip Lofts as group risk chief operating officer. The appointment comes a month after the bank, which has been the biggest victim of the subprime losses, released a report to shareholders citing …
SunGard acquires Strohl Systems
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UBS in risk management shake-up
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EU Council says Lamfalussy Committees need strengthening
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Solvency II QIS4 receives lukewarm UK reception
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US regulators to publish TSA plans for Basel II
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DGCX to launch two new crude oil futures contracts
Two new crude oil futures products will be launched by the Dubai Gold & Commodities Exchange (DGCX) on 27 May.
Crude surges past $129
Crude oil reached record highs of $129 a barrel on the New York Mercantile Exchange (Nymex) today as the Organisation of Petrolium Exporting Countries announces it will not be boosting output.
Crude surges past $129
Crude oil reached record highs of $129 a barrel on the New York Mercantile Exchange (Nymex) today as the Organisation of Petrolium Exporting Countries announces it will not be boosting output.
Kamakura launches sovereign default probability service
Risk information provider Kamakura has launched a Basel II-compliant default probability service for sovereigns.
UBS names head of US equity structuring
Greg Morris has left Deutsche Bank to join UBS Investment Bank as head of US equity structuring.
CME information head retires
James Krause, chief information officer at the Chicago Mercantile Exchange, is to retire at the end of June. He will be replaced by his deputy, Kevin Kometer.
Gazprom joins Nord Pool’s carbon market
Russian energy giant Gazprom has signed up to trade carbon products at Nord Pool, the power derivatives exchange.