News
Westpac suffers 'fat finger' op risk loss in New Zealand
Losses & Lawsuits
£150 million tax scam uncovered in Dubai
Losses & Lawsuits
Santander settles over Madoff
Losses & Lawsuits
Japan's Aozora Bank raided following insider-trading tip-off
Losses & Lawsuits
Two More Ponzi schemes exposed in the US
Losses & Lawsuits
US bank fraud ring rumbled
Losses & Lawsuits
BIS outlines 'narrow path ahead' in annual report
Daily news headlines
McCreevy cautions against hedge fund over-regulation
Daily news headlines
Irregularities mean that Keydata will not be sold as going concern, PwC
Keydata Investment Services Ltd (KIS) will not be sold as a going concern due to irregularities uncovered by insolvency administrator Pricewaterhouse Coopers (PwC).
Casam adds leveraged and short ETFs
Casam has added leveraged and short ETFs to its range, as well as products based on government and corporate bonds. The ETF provider has also included new equity products in the 17 new structures launched today in Paris.
US Wrap: Growth products turn back to S&P 500
Three growth products were launched yesterday all linked to the S&P 500 index, rolling back the broadening of underlyings seen towards the end of last week. JP Morgan and Bank of America (BofA) both issued notes, with two offering leveraged participation…
Tarp warrant sales could drive down vol on financials
The US Treasury's plan to dispose of warrants in banks held under the Troubled Assets Relief Program (Tarp) could have a significant impact on the options market, according to analysts.
New agreement on restructuring for European credit default swaps
European credit derivatives dealers have revised the details of a proposal to integrate restructuring as a credit event into the auction settlement process for credit default swaps (CDS), in preparation for the launch of the so-called ‘small bang'…
AIG warns of potential losses in CDS portfolio
AIG could be exposed to further losses on the super-senior credit default swap (CDS) portfolio held by its subsidiary AIG Financial Products (AIG FP) should credit markets continue to deteriorate, according to a filing the company made to the US…
EcoSecurities registers largest Gold Standard VER project
EcoSecurities, a Dublin-based environmental project developer, has registered the Rotor Elektrik Uretim wind farm in Turkey as the largest project under the Gold Standard, a carbon credit quality label.
CME launches SO2 futures and options contracts
The CME Group will offer new sulfur dioxide (SO2) emission 25-allowance futures and options contracts from July 12, for a trade date of July 13.
Bache Commodities launches new green commodities index
Bache Commodities, the global commodities and financial derivatives business of Prudential Financial, has launched a green commodities index.
GDF Suez boosts Hungarian electricity market
The Brussels-based trading arm of GDF Suez yesterday extended its market making service for Hungarian futures traded on the Prague Energy Exchange (PXE).
IEA forecasts too optimistic says Barcap
Supply-side projections in the International Energy Agency's (IEA) Medium-Term Oil Market Report 2009 are "too optimistic" and "will be subject to substantial revisions in time," according to a research report by Costanza Jacazio, commodities analyst at…
Madoff sentenced to 150 years as investigations into feeder funds continue
Bernard Madoff was sentenced to 150 years in prison in the Manhattan federal court yesterday.