News
UK banks are settling cases out of court
LOSSES & LAWSUITS
Moody's sued over inaccurate subprime-backed bond ratings
LOSSES & LAWSUITS
FSA begins action against irresponsible mortgage lenders
LOSSES & LAWSUITS
PNC to acquire loan-fraud-stricken Sterling Financial
LOSSES & LAWSUITS
SEC investigates dow jones/bank of east asia board member
LOSSES & LAWSUITS
Korean banks to cut ATM limits to fight phishing scams
LOSSES & LAWSUITS
Merrill Lynch introduces energy efficiency index
Investment bank Merrill Lynch has introduced a new index, comprised of 40 companies from industry sectors that may benefit from the global drive to improve energy efficiency, reduce carbon emissions and the cost of energy.
First oil futures curve ETFs to list on LSE
Within the next two weeks The London Stock Exchange (LSE) is expected to list the first exchange-traded funds (ETFs) exposed to parts of the oil futures curve.
Dresdner makes hires in rates flow trading
Dresdner Kleinwort has added a number of staff in rates flow trading, including a new head of interest rates flow trading.
Banca Italease restructures after €686 million losses on derivatives
Banca Italease is to reorganise its risk management and control processes following the announcement of a net loss of €686 million from its derivatives business.
Deutsche Bank launches ETF linked to S&P CNX Nifty index
Frankfurt-based Deutsche Bank has launched the first internationally traded exchange-traded fund (ETF) linked to the Standard & Poor's CNX Nifty, an index on the National Stock Exchange of India.
“Enron Loophole” will soon be closed: Levin
Senator Carl Levin, who chairs the US Senate's permanent subcommittee on investigations, has said that he will soon introduce legislation that will increase regulatory scrutiny of the over-the-counter (OTC) markets.
CFTC loses chief economist
James Overdahl, chief economist at the US Commodity Futures Trading Commission, has resigned to take a post at the Securities and Exchange Commission.