News
Xinhua Finance to acquire risk management firm
Chinese financial information provider Xinhua Finance is looking to acquire Beijing Alpha Financial Engineering, a leading risk management systems developer in China, by acquiring all the company's shares from its two equity holders.
Moody's KMV launches RiskCalc Germany
Moody's KMV has launched a new German version of its RiskCalc credit assessment software.
BarCap appoints its first commodities head for Asia
Barclays Capital is looking to increase commodity sales in Asia after appointing Russell Norton to be its first-ever head of commodities for the region. He will be based at the bank's commodities trading hub in Singapore.
Indian NPA securitisations to grow, says Fitch
India’s non-performing asset (NPA) securitisation market is set to grow from present levels, according to a report by Fitch Ratings. This will help the sub-continent’s banks to resolve over IRp600 billion ($13.5 billion) of NPAs sitting on their balance…
Corrigan: progress made on credit derivatives, more work to be done
Speaking after a symposium organised by the Counterparty Risk Management Policy Group II (CRMPG II) yesterday in New York, Gerald Corrigan, a New York-based co-chairman of Goldman Sachs's firm-wide risk committee and chairman of the industry group, said…
Court slams CAO directors with $435,000 in fines
A Singapore court today handed down a total of S$700,000 ($435,000) in fines to three China Aviation Oil (CAO) directors who admitted insider trading and concealing losses.
BoA supplements global forex team
Bank of America (BoA) has beefed up its foreign exchange capabilities during the past month by making a number of new staff hires.
Hybrids on track in the US
Bankers predict hybrid capital volumes to intensify this year and reach as much as $65 billion
S&P predicts greater sovereign rating demand
Ratings on emerging market sovereigns will be a growth area, says the agency