News
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
Calyon sues Mizuho over CDO team lift-out
The French bank files a lawsuit in a Manhattan court alleging that an "illicit scheme" resulted in 11 of its cash CDO team departing en masse to Mizuho
GFI and Icap launch rival tranche fixings
The brokers go up against existing tranche fixings of credit derivatives indices from Creditex and Markit. But mystery surrounds the launch as 'partners' keep mum on their involvement