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Bear and Lehman among most active CDSs in September
Amid disappointing third-quarter results, credit default swaps (CDSs) referenced to Bear Stearns and Lehman Brothers ranked among the most active in CDS trading in the US in September, according to a monthly report by New York-based inter-dealer broker…
UBS takes $3.4 billion hit
UBS will report losses of Sfr4 billion ($3.4 billion) in its fixed income, rates and currencies division for the third quarter ending September 30. The write-downs were due to legacy positions from Dillon Read Capital Management, an internal hedge fund…
Lehman Brothers appoints carbon emissions head
Laurent Segalen has been hired as Lehman Brothers' global head of carbon emissions, responsible for structuring and origination.
Valensise appointed chief investment officer at Barings
Baring Asset Management, the London-based investment management firm, has appointed Marino Valensise as chief investment officer.
Fidelity sued over stolen details of 8.5 million customers
LOSSES & LAWSUITS
Hadenglen and CEO fined over re-mortgage and PPI selling
LOSSES & LAWSUITS
Rogue traders cost Calyon $358 millon in fines
LOSSES & LAWSUITS
OFAC fines National Australia Bank for 'trading with enemies'
LOSSES & LAWSUITS
Bear Stearns sues ex-MD for $810,000 unpaid taxes
LOSSES & LAWSUITS
