News
Imarex takes majority stake in Bravo Futures
Freight broker Imarex has exercised an option to take a majority stake in Italian forward freight agreement (FFA) brokerage Bravo Futures. Bravo will now be known as Imarex Italia.
CDS spreads widen despite bailout approval
Credit default swaps (CDSs) on a number of major dealers widened yesterday in spite of the US Senate vote on a revised $700 billion financial rescue plan.
AHL names new head of quantitative credit strategies
Richard Martin has moved from Credit Suisse to become head of quantitative credit strategies at AHL, an investment division of Man Investments.
More jobs to go at Lehman Brothers
Following Lehman Brothers’ filing for Chapter 11 bankruptcy on September 15, the bank's failure has hit its employees hard, with further redundancies announced earlier this week.
Hope for markets as Senate rescues bailout
Financial stocks rose this morning in Europe after the US Senate passed an amended version of the planned $700 billion financial bailout bill.
Strain persists on interbank lending
Instability in the interbank lending markets continued today, despite the approval of the revised $700 billion bailout legislation by the US Senate.
Iosco group to turn spotlight on commodity markets
The US Commodity Futures Trading Commission and the UK Financial Services Authority are to lead a new international regulators' group overseeing the commodity markets.
FSA amends sourcebook to include Mifid exemptions
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EU considers tougher capital rules for banks
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MSCI blends frontier and emerging markets
Index provider MSCI Barra has launched the MSCI Frontier Emerging Markets Index, and a more tradable proxy the Frontier Emerging Markets Apex Index. The indexes are designed to underlie structured products and other financial instruments such as ETFs.
Stoxx appoints Manrique as CEO
Index provider Stoxx has appointed Ricardo Manrique as chief executive officer. Manrique, who will be based in Zürich, will report to the Stoxx supervisory board, which is composed of one representative of each of the joint venture partners. The board…