News
Analysts see oil prices topping around $145/bbl
After rising an unprecedented $11 a barrel on Friday to reach a record high of $139.12/bbl, New York crude futures were seen to consolidate before rising again. However some analysts believe a cap on prices exists around the $145/bbl level
EDF Trading’s Nordic office commences business
EDF Trading, the subsidiary of EDF responsible for wholesale energy market activity, announces the opening of its Nordic office in Oslo, Norway
New Iosco chief confirmed
Michel Prada, president of the Autorité des Marchés Financiers - the French regulator - has stepped down from his additional role as chairman of the technical committee for the Madrid-based International Organisation of Securities Commissions (Iosco).
Jacquard joins BNP
Benjamin Jacquard has joined BNP Paribas as its new global head of structured credit and arbitrage trading.
Former Citi CDO head joins Babson Capital Europe
Andrew Godson, who ran the syndicate desk for collateralised debt obligations and structured credit in Europe at Citi, has left the bank.
ESME issues report on credit rating agencies
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FDIC issues guidance on third-party risk
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SEC issues warning to ratings firms
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Companies more willing to make senior management changes
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Agencies agree fee reform
Standard & Poor's, Moody's and Fitch have agreed fee reforms at the behest of New York State attorney-general Andrew Cuomo.
BNP Paribas to purchase Bank of America prime brokerage arm
BNP Paribas is to acquire the equity prime brokerage business of Bank of America (BoA) for a reported $300 million, the two banks have announced. Subject to regulatory approval, the deal will be finalised in the second half of 2008.
Evidence of risk tolerance returning, says BIS
After the turmoil of the past year, there are tentative signs that investor appetite for risk is coming back, according to the findings of the Bank for International Settlements’ (BIS) latest Quarterly Review.
Audit firms’ liability cap recommended by European Commission
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Bradford and Bingley under investigation
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Banks need to be high Basel II-compliant by 2013
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City expert panel mooted for Bank of England
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Infringement procedures begun due to 3MLD implementation failures
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Texas power spikes set tone for summer
Surging wholesale power prices in the ERCOT region may set the tone for a summer of skyrocketing costs, say analysts.
Dow and EDF Trading to cooperate on LNG
Dow Chemical Company and EDF Trading have signed a four year agreement to share liquefied natural gas (LNG) regasification capacity, in order to secure LNG cargoes destined for the European and US markets.
FSA updates insider information review
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FSA enlists industry experts
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Ambac, MBIA finally succumb to S&P downgrade, Moody's to follow suit
Beleaguered monoline insurers Ambac and MBIA have lost their Standard & Poor's (S&P) AAA ratings, just a day after Moody's placed both firms under review as a precursor to downgrade action of its own.