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Fed bails out Bear Stearns
The Federal Reserve Bank of New York has stepped in to prevent insolvency at Bear Stearns, offering to provide liquidity through JP Morgan.
Technology offers 40% AML saving, says study
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Sovereign wealth funds spark lively debate
At the Sovereign Wealth Management conference - hosted by Central Banking Publications in London on Thursday - calls for greater transparency by sovereign wealth funds were matched by demands from the funds themselves for fair regulatory treatment.
Standard swap-deliverable CCDS expected soon
A working group of about 10 major dealers and brokers could be just two months away from producing a standard contract for swap-deliverable contingent credit default swaps (CCDSs), predicted a person close to the group.
Moody's caves on muni bond ratings
In reaction to criticism of its double standard, credit rating agency Moody's will start rating municipal debt on the same scale as corporate debt, in a move that could make life easier for municipal issuers - but deprive the troubled monolines of a key…
Deutsche names Ritchotte COO of global markets
Henry Ritchotte has been promoted to chief operating officer (COO) of Deutsche Bank’s global markets division. He will replace Mark Ferron, who will retire in early 2009.
New LevX series to debut
Markit has announced the launch of the Markit iTraxx LevX Series 2 leveraged loan index for European loans.
Police question second SG employee
A new lead has emerged in the recent case of unauthorised trading at Société Générale (SG), which cost the bank €4.9 billion in January.
Gu takes over FICC at Merrill
David Gu has taken over as head of fixed income, currency and commodities in Europe, the Middle East and Africa at Merrill Lynch.
FSA releases systems and controls questions on SG rogue trading incident
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UK to launch new fraud intelligence unit
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Central banks act again to preserve liquidity
Led by the US Federal Reserve, five central banks have announced measures to improve short-term liquidity as the financial sector remains short of funding.
Deutsche poaches JP Morgan private bankers in Hong Kong
Deutsche Bank Private Wealth Management (PWM) has hired six senior private bankers from JP Morgan Private Bank in Hong Kong.
UK pension funds not hedging as much as expected
Only 12.6% of UK pension funds surveyed by the Pension Protection Fund (PPF) use swaps to hedge interest and inflation risks.
Crude Oil surges to $107
The New York Mercantile Exchange (Nymex) benchmark oil contract has exceeded $107 per barrel in midday trading as the value of the US dollar continues to plunge
International regulators release risk management report
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