News
On the move
People
$30bn capital hole hits Citi stock price as credit chiefs fired
Shares in Citi have plunged after analysts announced a stock downgrade that suggests assets may need to be sold and dividends cut to make up for a $30 billion hole in the bank’s short-term capitalisation.
Financials dominate CDS trading again
Credit default swap (CDS) trading activity in the US focused on the financial sector in October, according to a release by New York-based broker GFI Group.
Henderson rejigs fixed-income team
Stephen Thariyan has joined Henderson Global Investors as head of credit. The move follows the recent appointments of credit analyst Leigh Talbot and asset-backed securities (ABS) portfolio manager Colin Fleury to Henderson’s fixed-income team.
IPD: property derivatives still growing
The property derivatives business is still growing, with £10.6 billion in deals so far in the UK - although the market continues to be reluctant to make trades based on property sectors.
Merrill Lynch suffers subprime woes
LOSSES & LAWSUITS
FSA fines lifetime mortgage adviser
LOSSES & LAWSUITS
UBS expects subprime losses of $680 million in third quarter
LOSSES & LAWSUITS
Lloyds TSB Faces money laundering charges
LOSSES & LAWSUITS
Capital One loses in mortgage closure
LOSSES & LAWSUITS
Credit loss catches Bank of America
LOSSES & LAWSUITS
