News
LiquidityHub hires chief executive
Robert MacLeod has been made chief executive of London-based LiquidityHub, a venture that aims to electronically pool the fixed income liquidity of 11 investment banks.
Ken Sue joins HSBC as head of wealth management sales
Ken Sue, formerly managing director of global equity derivatives at Deutsche Bank in Hong Kong, has joined HSBC as head of wealth management sales for the Asian region.
Deutsche Bank plans new credit derivatives company
Deutsche Bank and Axa Investment Managers are setting up NewLands Financial, a Bermuda-based company that will start offering credit derivative products in February next year.
FSA starts monitoring banks’ management of collateral
The Financial Services Authority (FSA) has started investigating how large investment banks manage their collateral, fearing they may not be ready for a sudden market downturn.
Bank of America CFO quits over Sarbanes-Oxley
Alvaro de Molina will leave Bank of America early next year after resigning as chief financial officer.
Rist joins Fortis acquisition team
Chris Rist has joined the London-based acquisition and leveraged finance team of Benelux bank Fortis.
GFI: Motoring, telecom and financials are most active CDS
The motor industry, fixed-line communications and financial services were all heavily traded in the credit default swaps (CDS) market in November, according to New York-based interdealer broker GFI.
Montréal Exchange listing without offering in 2007
The Montréal Exchange has announced it will list its shares without an offering in March or April next year.
iTraxx launches leveraged loan cds indices
The two new indices, LevX Senior and LevX Subordinated, which began trading at the start of November, are referenced to a basket of 35 European leveraged loans
Jilted Argentina bondholders appeal to World Bank in final throw of the dice
Creditors holding $20 billion in defaulted Argentina bonds are taking their case to the World Bank in an effort to force the sovereign to pay up, or at least return to the negotiating table