News
ISE announces succession plan
The International Securities Exchange (ISE) has announced its senior management succession plans, following the news that David Krell, president and chief executive, will retire on January 1, 2008.
DBRS strengthens EMEA structured finance group
Toronto-based ratings agency DBRS has appointed Niclas Sandstrom to its structured finance quantitative group in London. His appointment continues the growth of DBRS’s Europe, Middle East and Africa (EMEA) team.
Dresdner Kleinwort makes forex hires
Dresdner Kleinwort, the investment banking arm of Dresdner Bank, has made a number of new additions to its foreign exchange team.
Calyon bolsters global high-yield team
Calyon has added to its global high-yield team by hiring David Weinstein and Stephen Elliott.
Macquarie Cook Power begins trading
The Macquarie Group, a global financial services firm, today announced the commencement of trading by Macquarie Cook Power, an electricity trading and marketing company servicing the US energy market.
UK RMBS market remains buoyant
The UK residential mortgage-backed securities (RMBS) market is not expected to experience the same problems that that have blighted the US subprime mortgage market over the past few months, according to analysts from Fitch Ratings.
Commodities to become a core asset class, FSA predicts
The UK Financial Services Authority (FSA) predicts commodities will become a core asset class for all diversified portfolios.
OCC reports increase in CDS use by US banks
The US Office of the Comptroller of the Currency (OCC) reported that the notional amount of credit derivatives held by insured US commercial banks rose to $9.0 trillion at the end of 2006. This represents a 55% increase from the $5.8 trillion reported at…
Moody's backtracks on bank upgrades
The under-fire rating agency announces revisions to its 'joint default analysis' methodology intended to moderate assumptions of government support for certain financial institutions