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New head of debt market sales at RBS Securities
Royal Bank of Scotland Global Banking & Markets has named Shoji Taniguchi as head of debt market sales for RBS Securities Japan.
HSBC sacks US head
HSBC has replaced Bobby Mehta, its chief executive in North America, after it announced lending arrears from the US mortgage business would cost the bank more than $10.5 billion, 20% higher than analysts’ forecasts.
SocGen launches first insurance CDO
French investment bank Société Générale this week launched the first synthetic collateralised debt obligation (CDO) of insurance and reinsurance companies.
US derivatives volumes rocket on market fears
Several US derivatives exchanges broke their daily traded volume records by more than 20% during February 28.