News
Credit Suisse names Varvel CEO of EMEA
Credit Suisse Group has appointed Eric Varvel chief executive officer of the Europe, Middle East and Africa (EMEA) region. In this role, he will be based in London and report to Brady Dougan, chief executive of Credit Suisse. Varvel will also become a…
HKEx introduces new market access products
The Stock Exchange of Hong Kong listed six zero-strike derivative warrants on non-Hong Kong underlying assets on January 30.
Darras named Isda's general counsel, Americas
The International Swaps and Derivatives Association (Isda) has appointed Katherine Tew Darras as its general counsel, Americas, and head of equity, foreign exchange and interest rate legal. In her new role, she reports to David Geen, Isda’s general…
Tullett Prebon appoints Dunkley as director of volatility
Tullett Prebon has appointed Paul Dunkley as director of its volatility division. He will be based in London and will report to Marcus Bolton, managing director of volatility.
Calyon appoints new head of structured finance
Jean-François Marchal has been made head of the structured finance division at Calyon, and a member of the investment bank’s executive and management committees.
FSA releases risk outlook for 2008
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Sepa goes live
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Basel II amendments expected in October
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CME offer for Nymex leaves ICE in the cold
The potential creation of the world’s largest exchange will strengthen rivals’ urge to merge, say analysts. David Watkins reports.
Tullett Prebon brokers first physical fuel grade ethanol trade
Inter-dealer broker Tullett Prebon’s biofuel desk has completed its first trade in physical fuel grade ethanol.
BNP Paribas expands in London fund derivatives sales
BNP Paribas has appointed two salespeople to its fund derivatives sales team within its equities and derivatives division in London.
FSA 2008 outlook focuses on SocGen bonus lessons
The Financial Services Authority (FSA) has urged investment banks to re-examine their attitudes towards annual staff bonuses in the wake of last week's record rogue-trading loss at Société Générale.
CME Group in talks to buy Nymex
Chicago-based CME Group is in preliminary discussions aimed at acquiring the New York Mercantile Exchange (Nymex), the two firms announced on January 28.
SG gives details of fraud, but questions remain
Société Générale has released more details of the rogue equity index trades that cost it €4.9 billion, alongside news that the bank was first alerted to the trades as far back as November 2007.
Credit Suisse boosts equity derivatives in Germany
Credit Suisse has appointed Oliver Groeteke, Wolfgang Faust and Dirk Bombe to add to its equity derivatives sales team in Frankfurt. The three new staff arrive from Deutsche Bank, where they worked on the institutional equity derivatives sales desk,…
FSA replies to Treasury’s allegations of failure
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US better prepared for flu outbreak than feared
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CME makes offer for Nymex
The Chicago Mercantile Exchange (CME) has confirmed that it has made an offer for the New York Mercantile Exchange (Nymex).
Black Swans and op risk
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Rogue Trader costs Soc Gen €4.9 billion
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