News
Citigroup adds credit correlation specialist
Citigroup has hired Mickey Bhatia to head its global credit correlation trading business as it continues to bolster its global credit business with new appointees. Bhatia joins from Deutsche Bank, where he was head of flow credit correlation trading…
NYSE and Euronext agree merger terms
The New York Stock Exchange and the European exchange operator Euronext have agreed a $20 billion merger.
National Australia Bank denies legal action against brokers
National Australia Bank (NAB) has denied reports that its is planning to take legal action against interdealer brokers BCG International and Icap for their roles in a foreign exchange trading scandal that was uncovered in January 2004. An NAB spokesman…
Spectron appoints new chairman
Derek Tullett has been appointed chairman of Spectron Group, the leading energy broker and trading services company.
BNP Paribas appoints Amine Belhadj
BNP Paribas has appointed Amine Belhadj as global head of commodity derivatives. He reports to Dominique Remy, global head of energy, commodities, export and project finance (ECEP) and Yann Gerardin, global head of equities and derivatives, and will…
Potential upgrades at highest-ever level
The number of bonds classed as ‘potential upgrades’ by Standard & Poor’s was at its highest-ever level in May.
UBS rejigs fixed-income syndicate
UBS has named Jonathan Brown and Mark Wheatcroft as co-heads of fixed-income syndicate in London following the promotion of Henrik Raber.
Europe braced for GAL default
French logistics firm faces becoming the first European defaulter in over a year
Argentina returns to credit market
Strong economic recovery enables Argentina to issue its first bond since 2001 default
Isda to include single-name trades in cash settlement
Following six successful credit event auctions, Isda extends the settlement process
Moody's upgrades Indonesia
The move coincides with a $125m issue from local cocoa producer Davomas Abadi
Swiss Re hybrid gets equity classification
Surprise decision from insurance regulator fails to dampen demand
Asian CDOs set to rise
No adverse effect on synthetic CDOs from the bankruptcy of Dana Corp
