News
House of Representatives passes hedge funds bill
The US House of Representatives has passed a bill calling for a review of hedge fund regulation.
Structured moves
People
Industry unites against FSA's benchmark pricing proposal for MiFID
FSA plans to impose a benchmark-based pricing system on dealer-led markets have been savaged within the industry. The main objections revolve around liquidity
GUS bondholders demand improved deal
The impasse that has followed bondholders' rejection of GUS's offer to repay its outstanding £350m bond at par hinges on whether the retailer has technically defaulted on the deal terms