News
Macquarie Cook Power begins trading
The Macquarie Group, a global financial services firm, today announced the commencement of trading by Macquarie Cook Power, an electricity trading and marketing company servicing the US energy market.
UK RMBS market remains buoyant
The UK residential mortgage-backed securities (RMBS) market is not expected to experience the same problems that that have blighted the US subprime mortgage market over the past few months, according to analysts from Fitch Ratings.
Commodities to become a core asset class, FSA predicts
The UK Financial Services Authority (FSA) predicts commodities will become a core asset class for all diversified portfolios.
OCC reports increase in CDS use by US banks
The US Office of the Comptroller of the Currency (OCC) reported that the notional amount of credit derivatives held by insured US commercial banks rose to $9.0 trillion at the end of 2006. This represents a 55% increase from the $5.8 trillion reported at…
Moody's backtracks on bank upgrades
The under-fire rating agency announces revisions to its 'joint default analysis' methodology intended to moderate assumptions of government support for certain financial institutions
Calyon sues Mizuho over CDO team lift-out
The French bank files a lawsuit in a Manhattan court alleging that an "illicit scheme" resulted in 11 of its cash CDO team departing en masse to Mizuho