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FSA update on Money Laundering Regulations 2007
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Mifid: new UK notifications as Mifid deadline approaches
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Hackers sell kits on auction site
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Bear profits tumble by 61% as Goldman's rise 79%
Bear Stearns confirmed it was the US securities dealer with proportionally the most damaging exposure to the troubled US mortgage market when it unveiled a third-quarter net profit of $171.3 million, a year-on-year drop of 61%.
Rogue traders cost Calyon $358 million
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Algorithmics launches Algo First 4.0
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Rating agencies unmoved by Calyon’s rogue trade
Standard and Poor’s, Fitch Ratings and Moody’s Investors Service have all affirmed their ratings and ratings outlooks for Calyon and its parent company following the disclosure of a large rogue trade.
South Korea, Taiwan again fail to achieve developed market status
London-based index provider FTSE Group has again left officials in South Korea and Taiwan disappointed, after it decided to keep them classified as advanced emerging markets, as it did in 2005 and 2006. The supplier of the world’s most used index series…
Coso releases new internal controls paper
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Spectron trades first OTC carbon option settled on CCFE
Energy broker Spectron has brokered the first over-the-counter carbon dioxide option settled against the Chicago Climate Futures Exchange (CCFE)
EC energy package meets mixed response
The EC’s third package of EU energy market liberalisation measures has stopped short of insisting on full ownership unbundling of transmission infrastructure from generation and supply assets, and of creating a fully-fledged European energy regulator.
Citi gets merchant banking licence in Bangladesh
Citi has become the first foreign bank to secure a merchant banking licence in Bangladesh, enabling the US dealer to act as an adviser, underwriter and lead manager in the country’s local capital markets.
Valuation reductions hit Lehman Brothers for $700m
Lehman Brothers yesterday unveiled it suffered a revenue decline of $700 million due to a reduction in its valuations for fixed-income assets. This reduction in valuation was felt most keenly by the US securities dealer's leveraged loan commitments and…
Bid to close Enron loophole
Legislation aimed at preventing price manipulation and excessive speculation in energy markets has been introduced to the US Senate