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Crowded trade increases turmoil again, say CROs
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Morgan Stanley and Merrill Lynch reveal billions more subprime damage
The subprime crisis continues to deepen as Morgan Stanley and Merrill Lynch, two of the worst-affected US banks, reveal further damage - and an SEC investigation into Merrill Lynch.
Oil & gas construction costs reach new high
Costs associated with constructing new oil & gas facilities have surged to a record high, says Cambridge Energy Research Associates (CERA).
CNE innovates in energy risk management
Constellation NewEnergy (CNE), a subsidiary of US utility Constellation Energy, has completed a successful trial of a new risk management programme for large industrial users.
S&P: Two years of problems ahead
The effects of the credit crisis could last up to two years, according to analysts at rating agency Standard & Poor's.
US internal audit focus moving off Sox, says survey
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CESR task force presents plan for rating agencies review
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Ursa Bank steps up Basel prep
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TFS brokers first Singapore-approved CDM project
TFS Energy has brokered the first Clean Development Mechanism (CDM) project to be approved by a Singaporean Designated National Authority (DNA).
Linked global carbon market could be worth €800 billion
A linked global carbon market between six major regions could be worth €600–800 billion, European Energy Exchange (EEX) chief operating officer Maik Neubauer said today at a press conference
Japan Airlines teams up with SolArc
Japan Airlines (JAL) has selected SolArc RightAngle as its Next Generation Fuel Administration System (NGFAS).
ING and SG avoid worst of subprime crisis
ING Bank and Société Générale have avoided the full effects of the subprime crisis that has led to multi-billion-dollar writedowns for other US and European banks.
Risk USA: Crowded trade increases turmoil again, say CROs
Chief risk officers from four major financial institutions argued that the distress in the financial markets has been partly caused by the concentration of money chasing too few trading ideas, when speaking on a panel at this year’s annual Risk USA…
FDIC approves Basel II
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FSA calls for renewed energy to deliver TCF
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Protiviti hires three from the Big Four
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Risk USA: Simpler structured products needed
Speaking at the annual Risk USA conference in New York, Joseph Mason, an associate professor of finance at Philadelphia's Drexel University, pushed banks to originate simpler products to increase transparency and information flow between buyers and…
Risk USA: Rate cuts do not “bail out Wall St”
The Federal Reserve's recent policy decisions have been “designed to help Main Street and not to bail out Wall Street”, a senior Fed official has declared.
Crude hits new record high
Crude oil futures closed at a new record high Tuesday, driven by supply concerns and the dollar’s continued woes against the Euro.