News
Calyon Financial and Fimat to merge
Investment banks Société Générale and Calyon have agreed to merge the brokerage activities currently carried out by their respective subsidiaries, Fimat and Calyon Financial.
SocGen and Calyon agree to merge derivatives brokerages
Société Générale and Calyon have signed an agreement to merge their futures and options brokerages, Fimat and Calyon Financial.
US Futures Exchange to launch weekly binary options
The Chicago-based US Futures Exchange (USFE) will offer weekly binary options, each with nine or more strikes, to let investors take positions on the performance of five assets - crude oil, gasoline, gold, silver and the euro. The contracts are valued at…
Credit Suisse hires new European equity derivatives head
Yan Assoun has been hired by Credit Suisse as the bank’s new head of European equity derivatives trading.
S&P launches US commercial real estate index
Standard & Poor's and the California real estate and investment research group GRA have launched the S&P/GRA commercial real estate index (SPCREX), which, unlike other US indexes, will be based on closed commercial transactions only.
Nomura hires Korea head from Goldman
Japanese bank Nomura has appointed DK Shin as head of global markets for Korea, a newly created position that gives him responsibility for business expansion in the Korean market.
German contagion looms as funds buckle
The news that two structured loan funds are in need of emergency support has done nothing to calm fears over German structured product funds.
Terrorism Risk Insurance Act extended for 15 years
Daily news headlines
ABN's Brushfield completes first CDO
The principal finance arm of ABN Amro, Brushfield Capital, has completed its first collateralised debt obligation (CDO).
Evolution expands into global merchant banking
Evolution Markets Financial Services, a subsidiary of environmental market brokerage Evolution Markets, is set to expand its range of activities across global merchant banking within the environmental, energy and clean energy sectors.
Nymex property sale report stokes merger rumours
Speculation that the New York Mercantile Exchange (Nymex) is undergoing merger negotiations with NYSE Euronext has grown following a report that the exchange is looking to sell its lower Manhattan headquarters.
CIT grows structured business in London
CIT Group, the New York-based commercial and consumer finance provider, has appointed two senior managing directors in its London office.
AIMA names new deputy chief executive
The Alternative Investment Management Association (AIMA) has named Andrew Baker as its new deputy chief executive.
House passes controversial energy bills
A controversial bill to re-direct $15 billion in oil-industry tax breaks towards renewable energy initiatives over the next decade has been passed in the US House.
ECX names new chief executive and chairman
The Amsterdam-based European Climate Exchange has named the former head of LCH.Clearnet, Patrick Burley, as its new chief executive.
New CFTC commissioners confirmed
The US Senate last week approved Jill Sommers and Bart Chilton as commissioners in the Commodity Futures Trading Commission (CFTC).