News
First subprime lawsuit settled by Merrill
In the first major legal settlement over subprime losses, Merrill Lynch has agreed to compensate the city of Springfield, Massachusetts $13.9 million after accepting that the bank invested city funds in collateralised debt obligations (CDOs) underwritten…
Property derivatives grow despite market drop
Property derivatives volumes reached new highs in the fourth quarter of 2007, even as UK commercial property prices fell sharply, according to figures released today.
FSA fines two UK firms in major TCF crackdown
LOSSES & LAWSUITS
Citigroup and Merrill Lynch announce yet more net losses
LOSSES & LAWSUITS
UK Banks in the dock over 'unfair' fees
LOSSES & LAWSUITS
Rogue trader costs SG €4.9 billion
LOSSES & LAWSUITS
West LB contests Fitch downgrade
LOSSES & LAWSUITS
Con artist steals £10,000 from Barclays
LOSSES & LAWSUITS
UK authorities release depositor protection proposals
Daily news headlines
Icap Hyde buys Capital Shipbrokers
Global shipbroking firm, Icap Hyde, has acquired Capital Shipbrokers, a privately-owned shipbroker based in London.
ICE to acquire YellowJacket
Electronic exchange and over-the-counter (OTC) market operator IntercontinentalExchange (ICE) is to acquire YellowJacket Software.
Standard Chartered will fund troubled SIV
Standard Chartered has taken a second vertical slice of its Whistlejacket structured investment vehicle (SIV) and will consolidate the whole $7 billion structure onto its balance sheet, the bank announced today.