News
Japan Airlines teams up with SolArc
Japan Airlines (JAL) has selected SolArc RightAngle as its Next Generation Fuel Administration System (NGFAS).
ING and SG avoid worst of subprime crisis
ING Bank and Société Générale have avoided the full effects of the subprime crisis that has led to multi-billion-dollar writedowns for other US and European banks.
Risk USA: Crowded trade increases turmoil again, say CROs
Chief risk officers from four major financial institutions argued that the distress in the financial markets has been partly caused by the concentration of money chasing too few trading ideas, when speaking on a panel at this year’s annual Risk USA…
FDIC approves Basel II
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FSA calls for renewed energy to deliver TCF
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Protiviti hires three from the Big Four
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Risk USA: Simpler structured products needed
Speaking at the annual Risk USA conference in New York, Joseph Mason, an associate professor of finance at Philadelphia's Drexel University, pushed banks to originate simpler products to increase transparency and information flow between buyers and…
Risk USA: Rate cuts do not “bail out Wall St”
The Federal Reserve's recent policy decisions have been “designed to help Main Street and not to bail out Wall Street”, a senior Fed official has declared.
Crude hits new record high
Crude oil futures closed at a new record high Tuesday, driven by supply concerns and the dollar’s continued woes against the Euro.
Citi names new subprime head
Citi has set up a new group dedicated to handling $43 billion of its exposure to US subprime mortgages.
Risk USA: Hedge funds start to police themselves
Leading hedge funds are discussing two initiatives that aim to set new risk standards for the industry - one each from the US and Europe.
CESR unveils new Mifid technology
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US Federal Reserve Board gives green light for Basel II
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Irish SEM successfully launched
The new wholesale electricity market that unites the power grids of Northern Ireland and the Republic of Ireland has been successfully launched.
Change at top as Citi sees writedowns
Citi yesterday confirmed the retirement of Charles Prince, the US bank's chairman and chief executive officer.
Short iTraxx funds begin trading
Three exchange-traded funds (ETFs) based on the total return of short European credit derivatives index positions begin trading this week.
Basel II Capital Rule final rule approved by OCC and OTS
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Lehman Brothers signs up to Boat
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LSE launches last-minute defence before Mifid launch
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US agencies tighten rules over identity theft
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FSA to supervise Payment Services Directive
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