News
Business continuity planning booklet released by FFIEC
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HSBC names new Singapore head of global markets
HSBC has promoted Amit Gupta to head of global markets in Singapore from his previous role as head of sales for global markets, with effect from April 1. He succeeds John McGowan, who will retire in June.
JP Morgan raises Bear Stearns offer to $1.18 billion after shareholder unrest
JP Morgan has raised its proposed purchase offer for Bear Stearns to $10 a share in a move designed to assuage the anger of Bear shareholders incensed by JP’s initial offer of just $2 a share.
FSA releases discussion paper on transparency
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Briault leaves FSA
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FSA’s stern warning to rogue traders
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Credit Suisse sacks traders involved in mispricing
Credit Suisse has sacked or suspended the traders behind the mispricing that cost it a $2.65 billion writedown last month.
Havens and Klein named institutional client heads at Citi
Michael Klein and John Havens jointly replaced Citi chief executive Vikram Pandit as chairman and chief executive of the bank's institutional clients group in New York on March 17.
Krause joins Deutsche Bank's management board
Stefan Krause has been named as the next chief financial officer of Deutsche Bank - he will succeed Anthony di Iorio on his retirement on October 1.
Solvency II draft report from European Parliament Committee
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Deutsche suspends FX traders
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Briault leaves FSA
Clive Briault, the UK Financial Services Authority's head of retail supervision, will leave the FSA at the end of next month.
GSEs plan $2 trillion in US mortgage purchases
Fannie Mae, Freddie Mac and their regulator, the Office of Federal Housing Enterprise Oversight (OFHEO), have announced an initiative potentially worth $2 trillion to increase liquidity in the troubled US mortgage market.
RGGI allowance auction date announced
States participating in the Regional Greenhouse Gas Initiative (RGGI), an agreement among the Governors of ten Northeastern and Mid-Atlantic states to reduce greenhouse gases from power plants, have announced the date for the first ever CO2 allowance…
SG promotes chief financial officer
Société Générale has named Frédéric Oudea its deputy chief executive, joining two others.
Kirnon: Agencies and banks can do more for transparency
Both rating agencies and banks can do more to meet investor demand for greater transparency in the structured credit market, said Noel Kirnon, New York-based head of global structured finance at Moody’s Investors Service.