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US SEC charges 11 with insider trading
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FBI Arrests Russian over Goldman Sachs trade secret theft
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LSE fines stockbroker for allowing market rigging
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Banks resume multi-million dollar bonuses
Daily news headlines
House committee approves new powers to let regulators ban incentive pay
Daily news headlines
US Wrap: Market banks on S&P 500 growth
The US market has turned back to S&P 500-linked products, with accelerated growth structures linked to the index making up half of new issuance yesterday. Principal protected and autocallable structures were also launched on the index.
Primus restructures $1.2 billion of CDSs on monolines
New York-based credit derivatives product company (CDPC) Primus Financial Products has restructured $1.2 billion of credit derivatives protection the firm had written referencing a monoline insurer.
Bank of England to buy up commercial paper
The Bank of England yesterday announced its intention to buy asset-backed commercial paper from struggling UK companies in a continuing effort to increase the flow of credit, starting on Monday August 3.
E.ON Energy Trading joins CEGH
EON Energy Trading has joined the Central European Gas Hub (CEGH) at Baumgarten. The move is part the company's plans to expand its gas trading activities in Central and Eastern Europe in an effort to improve market access and develop a more integrated,…
US legislators outline derivatives proposals
Two committee chairmen from the US House of Representatives have published a concept paper on regulation of over-the-counter (OTC) derivatives designed to guide any future legislation.
ICE Futures Europe data added to COT reports
The Commodity Futures Trading Commission (CFTC) is to include positions of traders in West Texas Intermediate crude oil contracts on ICE Futures Europe in future Commitments of Traders (COT) reports.
BHP Billiton offers 30% of iron ore contracts for sale
Global mining company BHP Billion has announced that 30% of its total iron ore volumes will be sold on a mix of quarterly negotiated pricing, market clearing price (spot market) and index-based pricing. The move has boosted confidence in the development…
UK scraps carbon VAT to tackle fraud
The UK government has moved to tackle VAT fraud on carbon credits by removing VAT from emission allowances.
Financial CDS spreads steady
Market sentiment towards financials has steadied in the past week as the flow of positive second-quarter results from major financials in Europe and the US continued.
CDS clearing in Europe begins
Dealers have met the July 31 deadline for clearing credit default swaps (CDS) on European reference entities and indexes that they set back in February.
US Wrap: Citi offers up two reverse convertible trades
Citi has joined in the slow but steady trickle of reverse convertibles coming into the US market. The bank has issued two notes, one offering exposure to the stock of mining company Vale, and the other to General Electric (GE). The structures are more…
House committee chairmen produce roadmap to OTC reform
Collin Peterson and Barney Frank, the chairmen of the US House Committee on Agriculture and the House Financial Services Committee, respectively, have agreed a set of principles for imminent reforms to over-the-counter derivatives regulation.
Credit demand and supply still falling in Europe
European banks are still tightening their lending conditions, and demand for credit continues to fall, according to the latest lending survey by the European Central Bank.