News
Fortis and Enel sign 10-year wind deal
Fortis has signed a 1.1 million megawatt hour, 10-year financial fixed-price power purchase agreement with Snyder Wind Farm, a subsidiary of Enel North America
Van Eck goes nuclear at Amex
New York-based asset manager Van Eck Global has launched its Market Vectors Nuclear Energy ETF (exchange-traded fund) on the American Stock Exchange (Amex). It is the first ETF listed in the US that enables investors to gain exposure to companies…
S&P launches Nuclear and Alternative energy indices
Index provider Standard & Poor’s has today launched two energy-related investable indices, the S&P Global Nuclear Energy Index and the S&P Global Alternative Energy Index.
Subprime rating actions spark EC review of agencies
The European Commission (EC) is planning an “intensive review” of credit rating agencies after the slew of recent rating actions on securities affected by poorly performing US subprime mortgages.
Japanese banks suffering from subprime crisis
Two of Japan's largest banks have taken significant losses from investments in US mortgage-backed securities.
Greenspan joins Deutsche Bank
Alan Greenspan, former chairman of the US Federal Reserve, has joined Deutsche Bank's investment banking division as a senior adviser.
Trichet: the worst is over in subprime crisis
Jean-Claude Trichet, president of the European Central Bank (ECB), told markets today that the worst of the volatility caused by the US subprime mortgage crisis is now over.
Goldman Sachs acts to support troubled fund
Goldman Sachs has led a $3 billion bailout of one of its own hedge funds after market turbulence lost it almost half its value - much of it in the last week.
Credit Suisse expands algorithmic trading business
Credit Suisse has launched its algorithmic trading business, Advanced Execution Services (AES) in seven new markets: Canada’s Venture Exchange, the Czech Republic, Greece, Hungary, Malaysia, Mexico and South Africa.
Mifid Connect issues guidance on suitability checks
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Retail banking compliance survey: a reality check
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Evolution expands into global merchant banking
Evolution Markets Financial Services, a subsidiary of environmental market brokerage Evolution Markets, is set to expand its range of activities across global merchant banking within the environmental, energy and clean energy sectors.
BNP names EM structuring head
BNP Paribas has appointed Vlad Galea as head of emerging markets structuring in Europe within its fixed income institutional client group (ICG).
Deutsche appoints Asia-Pacific global finance and FX structuring head
Deutsche Bank has named Ray Franzi to the newly created role of head of global finance and foreign exchange (FX) structuring for Asia-Pacific.
FSA releases policy statement dealing with best execution under Mifid
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AML programme expenditure skyrocketing
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AES wind power blows into China
Global power company AES has announced plans to expand its wind generation business into China through the creation of a joint venture with renewable energy producer Guohua Energy Investment.
Sovereigns step in as ABS funds reel
The fund management arm of French bank BNP Paribas has suspended redemptions on three of its funds - Parvest Dynamic ABS, BNP Paribas ABS Euribor and BNP Paribas ABS Eonia.