News
Banks break new ground with managed CPDO deals
Two constant proportion debt obligations, from JPMorgan/Cairn and Barclays Capital/DeAM, add new variations to the existing managed CPDO structure
BNP names head of Gulf debt capital markets
BNP Paribas has named Mark Waters as head of debt capital markets for the Gulf region, a newly created post.
Moody's fighting talk on structured CMBS
Moody's Ratings has released a report detailing reaction to its changes in subordination levels required for US commercial mortgage-backed securities (CMBS).
Bear Stearns funds have "lost almost all value"
Bear Stearns has told investors that two of its hedge funds have lost almost all their value after taking massive losses on the US subprime mortgage market.
Trading begins on Prague Energy Exchange
The Prague Energy Exchange (PXE), a platform for trading electricity in the Czech Republic, launched successfully at 9am CET this morning, with ten participants trading physically delivered futures contracts dated monthly for the remainder of 2007.
BNP Paribas takes Credit Suisse equity derivatives team
BNP Paribas has poached a three-strong equity derivatives sales team from Credit Suisse in Frankfurt.
SG adds to its European CDO team
Société Générale has recruited Peter Melichar as vice-president in charge of collateralised debt obligation origination and structuring, based in London.
Fitch: credit derivatives growth continues
Trading in credit derivatives increased 113% in 2006 to $49.9 trillion worldwide, according to a report released by Fitch Ratings, which warned that the market was still vulnerable to a sudden downturn.