News
SIV-lite vehicles take massive hit from S&P
Rating agency Standard & Poor's (S&P) has made spectacular downgrades to two structured investment vehicle-lites (SIV-lites), which combine collateralised debt obligation structures with short-term funding common in SIVs.
Some 42% pass CFA exams worldwide
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MiFID Connect issues further guidance for firms
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Nymex confirms sale talks
Following months of heightened speculation, Nymex Holdings, the parent company of the New York Mercantile Exchange (Nymex) has released a statement confirming it has been in “preliminary” talks to be purchased.
Half of US firms unhappy with risk effectiveness
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Citi, Hanwha withdraw applications for Korean OTC licences
US dealer Citi and Seoul-based Hanwha Securities last month withdrew their applications for over-the-counter (OTC) derivatives licences in South Korea, the country’s highest level of dealing licence. The firms applied for the licence in June, along with…
Deutsche poaches Grenfell from Macquarie as Asia commodities head
Simon Grenfell has left his position as a global co-head of the commodity markets division at Macquarie Bank in London to join Deutsche Bank in Singapore as head of commodities for Asia.
Close Brothers enters futures business
London-based investment bank Close Brothers has taken a 49.9% stake in Mako Global, a market-maker in exchange-traded derivatives.
FSA calls for more robust safeguards of consumer data
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Commission updates Mifid Q&A
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Central banks act again as credit crisis continues
Central banks have acted today to increase liquidity in money markets, as the US subprime meltdown continues to have effects around the world.
Fortis and Enel sign 10-year wind deal
Fortis has signed a 1.1 million megawatt hour, 10-year financial fixed-price power purchase agreement with Snyder Wind Farm, a subsidiary of Enel North America
Van Eck goes nuclear at Amex
New York-based asset manager Van Eck Global has launched its Market Vectors Nuclear Energy ETF (exchange-traded fund) on the American Stock Exchange (Amex). It is the first ETF listed in the US that enables investors to gain exposure to companies…
S&P launches Nuclear and Alternative energy indices
Index provider Standard & Poor’s has today launched two energy-related investable indices, the S&P Global Nuclear Energy Index and the S&P Global Alternative Energy Index.
Subprime rating actions spark EC review of agencies
The European Commission (EC) is planning an “intensive review” of credit rating agencies after the slew of recent rating actions on securities affected by poorly performing US subprime mortgages.
Japanese banks suffering from subprime crisis
Two of Japan's largest banks have taken significant losses from investments in US mortgage-backed securities.
Greenspan joins Deutsche Bank
Alan Greenspan, former chairman of the US Federal Reserve, has joined Deutsche Bank's investment banking division as a senior adviser.