News
B ü rgenstock 2006: Regulators 'out of touch' on Mifid
Many European regulators and firms are still not ready for the effects of the Markets in Financial Instruments Directive (Mifid), warned delegates attending the Swiss Futures & Options Assocation annual conference in Burgenstock, Switzerland, today…
Washington Mutual to issue covered bonds
Washington Mutual Bank (WMB) will become the first US bank to issue covered bonds. The first €3 billion issuance of what is expected to be a €20 billion programme is scheduled to be priced at the end of the month. WMB is the third largest residential…
JP Morgan makes senior appointment in pensions advisory group
JP Morgan has announced the appointment of Kevin Carter as managing director and head of the investment bank’s pension advisory group for Europe, Middle East and Africa (EMEA).
Mizuho seeks $350 million from TSE
Mizuho Securities is demanding ¥40.4 billion ($347 million) from the Tokyo Stock Exchange (TSE) to compensate it for a trading error that it was unable to cancel on time.
Mizuho seeks $350 million from TSE
Mizuho Securities is demanding ¥40.4 billion ($347 million) from the Tokyo Stock Exchange (TSE) to compensate it for a trading error that it was unable to cancel on time.
DME partners with Emirates National Oil Co. to develop jet fuel futures
The Dubai Mercantile Exchange (DME) and Emirates National Oil Company (Enoc) subsidiary Enoc Supply & Trading LLC today announced the signing of a Memorandum of Understanding (MoU) to explore the development of the first exchange-traded jet fuel futures…
Dubai plans to develop first exchange-traded jet fuel futures contract
The Dubai Mercantile Exchange (DME) and Emirates National Oil Company (ENOC) plan to jointly develop the first exchange-traded jet fuel futures contract.
Fortis Chicago merges with O'Connor and Company
Benelux bancassurer Fortis has completed its acquisition of O’Connor and Company, the Chicago-based clearing house. The new company is called Fortis Clearing Americas and will be run within Fortis’ merchant banking division.
BarCap signs Sameer Jain to lead exotics technology expansion
Barclays Capital has announced Sameer Jain’s appointment as managing director in charge of IT for exotics products, a new position based in New York. Jain reports to Philip Freeborn, chief information officer.
Barclays Capital appoints leveraged finance head
Barclays Capital has announced the internal appointment of John Kelting as head of European leveraged finance.
Morgan Stanley names European pensions head
Neville McKay has been appointed as managing director and head of the European pensions group at Morgan Stanley.
Chinese brokers to set up in Hong Kong
Six Chinese futures brokerages will soon get the green light to start derivatives broking operations in Hong Kong, a source close to the Hong Kong Exchanges and Clearing (HKEx) tells RiskNews .
Mishkin joins Fed board
Frederic Mishkin has been officially sworn in as a member of the US Federal Reserve Board.
Citigroup creates Asia-Pacific COO position
Shengman Zhang, vice-chairman of the global banking division of Citigroup Corporate and Investment Banking (CIB) in New York, will start in October as chief operating officer for Asia-Pacific at CIB, a new position based in Hong Kong.