News
Crude hits new high on inventory lows
Crude oil rose by more than $2 per barrel on the New York Mercantile Exchange (Nymex) after US government data showed a drop in inventories, surprising some analysts.
Downgrades not the end of CPDO market
The last few months have seen massive downgrades of constant proportion debt obligations (CPDOs), but the worst could be over for the sector.
No more Mifid regulation, says EC report
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Five banks file counterclaim over Clear Channel LBO
A legal spat over the proposed leveraged buyout of Texas-based media company Clear Channel intensified on April 4, as five banks filed a counterclaim in New York against the company and its private equity suitors.
Traders charged in Nymex Illegal Trading Investigation
Former New York Mercantile Exchange (Nymex) director Steven Karvellas pleaded guilty to defrauding customers following a joint probe by New York prosecutors and the Commodity Futures Trading Commission (CFTC).
Semerci to head Duet after leaving Merrill
Duet Group, a London-based alternative asset manager, has appointed Osman Semerci as chief executive and partner.
Icap expands equity presence by buying Link
UK interdealer broker Icap will pay up to £250 million to buy Link, an equity derivatives broker based in London.
State Street names new chief risk officer
Boston-based financial services firm State Street has appointed Maureen Miskovic as its chief risk officer.
Ferguson leaves Swiss Re to head TIAA Cref
Roger Ferguson has been appointed president and chief executive officer of New York-based pension fund Teachers Insurance and Annuity Association, College Retirement Equities Fund (TIAA Cref).
Fed heightens its scrutiny of investment banks
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EU deal on cross-border banking supervision
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UK consults on Rome I Regulation
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European Commission investigates Northern Rock bailout
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Effectiveness of DR plans questioned
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Troubled broker names new CFO
MF Global, the interdealer broker that lost $141.5 million in a rogue trading incident earlier this year, has named Randy MacDonald as its new chief financial officer (CFO).
Retail investors hold key to Canadian ABCP restructuring
A vote on the Montreal Accord, the proposal to restructure C$33 billion (US$32.7 billion) of distressed non-bank Canadian asset-backed commercial paper (ABCP), is due on April 25. But with all votes counted as equal, satisfying the demands of…