News
Buyout creates largest US independent power transmission co
Michigan Electric Transmission Company has been acquired by ITC Holdings in an $865 million deal which creates the largest independent electricity transmission company in the United States , based on transmission load served.
Risk USA: Janeway to discuss the limits of modelling
William Janeway, vice-chairman of US private equity company Warburg Pincus, will warn investors of the limits of risk modelling at the Risk USA conference in New York next month.
BNP hires Docherty as global head of financial institutions advisory
BNP Paribas has today announced the appointment of Adrian Docherty as global head of financial institutions advisory within the investment bank’s fixed-income division.
Risk USA: Rohde calls for 'third way' on pension reform
Lars Rohde, chief executive of ATP, the Danish supplementary pension fund, will call for a 'third way' of dealing with pension shortfalls at the Risk USA conference in New York next month.
EU proposals to heighten competition and risk in the energy sector
The European Commission’s energy policy review, an ongoing evaluation of the energy sector which is likely to lead to new regulation regarding competition, could have significant implications for the risk profile of the European utility sector, says a…
Euronext backs European mega-bourse plan
Euronext, the Paris-based stock exchange on the brink of a merger with the New York Stock Exchange, could take over parts of the German and Italian exchanges as well.
FSA will be ready to implement the bulk of the final CRD rules in two weeks
The FSA chief executive confirms that UK is set for Basel II implementation.
BarCap appoints Sbai to consolidate aircraft financing
Barclays Capital has appointed Abdellah Sbai as director and head of aircraft finance, a newly created position based in London.
HSBC and Babson close $502 million CDO
HSBC and Babson Capital, the Massachusetts-based asset managers, have closed a $502 million managed synthetic CDO.
Institutional demand for hedge funds to reach $1 trillion by 2010
Worldwide institutional demand for hedge funds will reach $1 trillion by 2010, according to a survey of institutional investors conducted by Bank of New York and Casey, Quirk and Associates, a Connecticut-based investment consultancy.
International South African bank selects Reveleus for AIRB calculations
Investec will use leading solutions provider to meet Basel II deadlines.
Deutsche appoints new global credit head in Asia
Deutsche Bank has appointed Sajid Javid as head of global credit trading in Asia excluding Japan.
Bear Stearns poaches equity structurers from Deutsche
Bear Stearns has expanded its structured equity products team in Asia with three new hires in Hong Kong.
Barclays bullish on oil
Crude oil's recent slide is set to reverse with prices returning to over $70 by the end of the year, Barclays Capital says in its latest commodity research.
SG, Rhodia launch emissions company
Société Générale and Rhodia Energy Services, a global specialty chemicals company, have formed a joint venture company to trade carbon.
Speed and compliance dominate data market
Despite consolidations and rationalisations, user firms are paying more for market data than ever before, according to speakers on a panel entitled "Small change: A look at market data spending" at sister publication Inside Market Data’s Europe…
Concern continues over Basel II in US
US Congressmen have questioned the effectiveness of Basel II risk modelling, and complained that it puts US banks at a disadvantage.