News
CME bolsters bid for CBOT by 16%
The Chicago Mercantile Exchange (CME) has increased its offer for local counterpart CBOT Holdings, owner of the Chicago Board of Trade.
Banks write off billions in stolen funds every year, claims fraud expert
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Identity fraud is decreasing in the US
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Broker suffers after BMO commodity losses
US commodity derivatives broker Optionable saw its shares plummet again today after Bank of Montreal, its most important customer, said it would suspend their relationship.
Barbakadze joins F&C as head of structured credit
Teimuraz Barbakadze has joined F&C in London as head of structured credit.
Reputational risk key for GCC executives
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Nymex launches electronically traded options on energy and base metal contracts
The New York Mercantile Exchange (Nymex) will list options on crude oil, natural gas, gold and silver on the Chicago Mercantile Exchange’s (CME) Globex electronic trading platform, beginning on June 24 for a trade date of June 25.
Lehman Brothers buys Eagle Energy
Lehman Brothers, the global investment bank, has announced that it will buy the remaining two thirds of energy marketing and services company Eagle Energy Partners for an undisclosed fee.
Asian Development Bank launches carbon fund
The Asian Development Bank (ADB) has launched a fund to provide capital to buy carbon credits at the outset of clean energy projects, after commitments from participants exceeded the $80 million needed for launch.
BNP expands commodity derivatives
BNP Paribas has hired Jose Cogolludo as head of commodity derivatives sales and marketing, the first move in an expansion of its commodity team.
Merrill Lynch launches first rated CFXO
Merrill Lynch has launched the first full rated and managed collateralised foreign exchange obligation. The product is being managed by Crédit Agricole Asset Management, and rated by Standard & Poor's.