News
Asia’s wealth markets to achieve double-digit growth, says Barclays
A survey by Barclays Capital has predicted that Asia's top wealth management markets will grow by up to 17% a year over the next three years.
FSA slaps £750,000 fine on GLG and its former trader
The UK's Financial Services Authority (FSA) hit London-based hedge fund, GLG, and its former senior trader, Philippe Jabre, with a fine of £750,000 each on Wednesday for market abuse.
RBS makes high-yield appointment
Royal Bank of Scotland has hired Kevin Connell as vice-president in its high yield capital markets group in London. He will be involved in both corporate and sponsor-related high yield transactions, in which he will provide origination and execution…
Xinhua Finance to acquire risk management firm
Chinese financial information provider Xinhua Finance is looking to acquire Beijing Alpha Financial Engineering, a leading risk management systems developer in China, by acquiring all the company's shares from its two equity holders.
Moody's KMV launches RiskCalc Germany
Moody's KMV has launched a new German version of its RiskCalc credit assessment software.
BarCap appoints its first commodities head for Asia
Barclays Capital is looking to increase commodity sales in Asia after appointing Russell Norton to be its first-ever head of commodities for the region. He will be based at the bank's commodities trading hub in Singapore.
Indian NPA securitisations to grow, says Fitch
India’s non-performing asset (NPA) securitisation market is set to grow from present levels, according to a report by Fitch Ratings. This will help the sub-continent’s banks to resolve over IRp600 billion ($13.5 billion) of NPAs sitting on their balance…
Corrigan: progress made on credit derivatives, more work to be done
Speaking after a symposium organised by the Counterparty Risk Management Policy Group II (CRMPG II) yesterday in New York, Gerald Corrigan, a New York-based co-chairman of Goldman Sachs's firm-wide risk committee and chairman of the industry group, said…
Court slams CAO directors with $435,000 in fines
A Singapore court today handed down a total of S$700,000 ($435,000) in fines to three China Aviation Oil (CAO) directors who admitted insider trading and concealing losses.
BoA supplements global forex team
Bank of America (BoA) has beefed up its foreign exchange capabilities during the past month by making a number of new staff hires.
Hybrids on track in the US
Bankers predict hybrid capital volumes to intensify this year and reach as much as $65 billion