News
Merrill writedowns throw light on risk management
Merrill Lynch has released a warning on its third-quarter results. The bank said its mark-to-market losses on its collateralised debt obligation (CDO) and leveraged finance operations would be up to 50 cents a share.
LCDX index tranches trade today
CDS IndexCo, a consortium of banks, and London-based data provider Markit have launched tranches on the LCDX North America index of loan credit default swaps (LCDSs).
CFTC: record levels of crime in energy markets
Daily news headlines
Sepa is not a compliance exercise
Daily news headlines
FSA confirms LSE reporting service is Mifid-compliant
Daily news headlines
SGAM seizes opportunity from subprime turmoil
Société Générale Asset Management (SGAM) has become the latest fund manager to set up a strategy aimed at reaping the benefits of valuation discrepancies caused by the fallout from the US subprime mortgage market.
SAS extends ERM software for insurers
Daily news headlines
Berlin Börse takes over Equiduct
Daily news headlines
Report criticises Basel II
Daily news headlines
HSBC CIBM creates European corporate liability group
HSBC Corporate, Investment Banking and Markets (CIBM) has established a European corporate liability solutions group, headed by Russell Schofield-Bezer.
Wachovia hires SocGen equity derivatives banker
Michael Collins has joined Wachovia Securities as head of its corporate equity derivatives origination team.
Fitch: crisis hit 31% of 2006 subprime RMBS
Fitch Ratings downgraded 31% of its 2006 US subprime residential mortgage-backed securities (RMBS) as a result of the US subprime crisis, the agency said today.
Deutsche signs record sharia collar trade
Deutsche Bank has closed the largest Islamic profit-rate collar to date, for Dubai Islamic Bank.
Merrill fires two executives after subprime crisis
Merrill Lynch has fired two executives in the wake of the subprime mortgage crisis, which could see the bank suffer significant losses.
Firms acknowledge but ignore GRC benefits
Daily news headlines