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CDS spreads tighten on US financials
The cost of credit protection on major US financials fell in today's European and Asian trading.
Eurozone dips into deflation, but high inflation still a risk
Inflation in the eurozone turned negative in June for the first time since the single currency was set up in 1999, but rising commodity prices are likely to push inflation back up soon across the world, some analysts believe.
French banks told to reinforce risk management
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Reputation biggest worry for asset management CROs
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US Wrap: Closing the week in emerging markets and S&P 500
Three structures were on offer last Friday, reverse convertible, kick out and accelerated growth products, with the increasingly common emerging markets accompanying the usual flurry of S&P 500-linked notes.
SG launches tradeable dividend exposure in UK
Société Générale (SG) has launched four new certificates on the London Stock Exchange (LSE) giving exposure to the dividends of companies included in the FTSE 100 and Dow Jones Eurostoxx 50 indexes.
BIS warns of "enormous risks to recovery"
In its annual report, released June 29, the Bank for International Settlements (BIS) warned worldwide rescue efforts for the financial industry might be inadequate.
House passes cap-and-trade bill
The House of Representatives has passed the American Clean Energy and Security (ACES) Act, taking the US a step closer to developing a national carbon cap-and-trade initiative.
IEA reduces predictions for oil demand
The recession has seen the IEA revise down its predictions for oil demand in 2013 by 3.3 mb/d, with consumption falling as low as 84.9 mb/d by 2014 in the worst case scenario, and demand for gas dipping for the first time in 50 years.
CDS spreads tighten on financials
The cost of credit protection on major US and European financials fell in today's European and Asian trading.
Taiwan FSC backs down on structured products rules
Taiwan's Financial Supervisory Commission (FSC) has scrapped a controversial proposal that would have required foreign banks to park 70% of the proceeds from the sale of structured notes with Taiwanese trust banks. The country's financial sector…
AIG forex prime brokerage bought by BNP Paribas
The US foreign exchange prime brokerage business of AIG Financial Products (AIG FP) has been transferred to BNP Paribas, along with eight staff.
FSA extends short-selling disclosure requirement again
The UK Financial Services Authority (FSA) has extended its disclosure requirement for the short selling of 30 UK financial stocks.
FSA extends UK short-selling disclosure regime
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UK regulator bans compliance director
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FSA issues Retail Distribution Review consultation paper
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US Wrap: Accelerated growth products dominate, and choose tech
The range of new accelerated growth products launched yesterday included exposure to emerging markets, international equity and technology stocks alongside the usual US equity plays. Bank of America (BoA) launched a growth structure linked to the…
Morgan Stanley feeds hunger for Gilt-backed products
Morgan Stanley has launched a new UK government bond backed plan and re-issued three other plans, one of which is the third in a series of Gilt-backed issues, designed to mitigate counterparty risk.
'Improvement in market conditions' sees Fed cut bank aid
The US Federal Reserve Board has cut back several of the support facilities put in place over the past 18 months, arguing the recovery of the financial markets has made them unnecessary.
LCH.Clearnet to launch spot carbon clearing in July
London-based clearing house LCH.Clearnet's over-the-counter (OTC) clearing service for the UK spot market for carbon credits will launch on July 3 this year.
CDS spreads unmoved on financials
The cost of credit protection on major European and US financials was almost unchanged from yesterday in today's European and Asian trading.
Bank of England calls for "credible threat of closure"
In its latest Financial Stability Report, released today, the Bank of England has emphasised the need for banks to face "a credible threat of closure", and recommended higher capital and liquidity reserves.
Iosco recommends compulsory registration of hedge funds
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Indian banks ramp up AML investment
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