News
Cebs announces banking transparency hearing
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CopperEye identifies data-retention issues
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SEC wants authority over hedge funds
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Fury over European hedge fund directive
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Lewis ousted from BoA chair
Ken Lewis, chief executive and president of Bank of America, was voted out as chairman of the firm at a shareholders' meeting on April 29.
BaFin: German banking clean-up could involve €816bn of assets
Up to €816 billion of assets could be involved in a potential clean-up of the banking system, according to a report by the German finance regulator Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin).
Bank lending continues to fall in Europe and US
The first quarter of 2009 saw the supply of credit from banks to the wider economy continue to decline, although the riskiness of interbank lending has remained stable.
More than 100 firms apply to buy toxic assets under PPIP
More than 100 money managers have applied to the US Treasury to be granted fund manager status under the Public-Private Investment Programme (PPIP) and commence purchasing toxic mortgage securities with public money, the department announced yesterday.
SunGard launches Aligne
Pennsylvania-based software firm SunGard has introduced a software solution suite to help energy companies improve and speed up decision making through streamlining and integrating information across different business operations.
BlueNext to move into US carbon market
European environmental exchange BlueNext has announced plans to open a New York office this summer and launch Regional Greenhouse Gas Initiative (RGGI) products by the end of 2009.
Ex-SemGroup CEO denies trading strategy caused bankruptcy
Former SemGroup chief Tom Kivisto has criticized a court report that stated his speculative oil trading drove the company to bankruptcy.
Breakevens echo US government's deflation fears
Despite concerns that economic stimulus efforts in the US could pump up the country's money supply, the bond market, like the Treasury's Federal Open Markets Committee (FOMC), still regards deflation as the main concern in the short term.
Market tense over stress-test results
Continued silence from US authorities on the results of bank stress tests has left markets and analysts alike fretting over which firms are in need of additional capital.
Natixis CEO to be replaced
Dominique Ferrero, the chief executive of French corporate and investment bank Natixis, will lose his job today as part of the bank's restructuring plans.
CDSs on European financials tighten on positive Fed comments
The cost of credit protection on European financial institutions fell this morning following the US Federal Reserve's announcement yesterday that the economic outlook is improving.
Citi asks US Treasury permission for bonuses
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UK fraud police unit claims £315m saved
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EC draft rules would impose leverage limits on hedge funds
A draft European Commission directive, due to be released on April 30, would tighten European oversight of hedge fund managers, including leverage limits, increased disclosure and minimum capital requirements.
SG’s chairman Bouton resigns
Daniel Bouton, the chairman of Société Générale, has said he will step down on May 6, when the bank’s board will elect a replacement for him.
Morgan Stanley named in FCStone saga
Morgan Stanley has revealed its role in the disposal of a loss-making energy trading account by FCStone in March 2009.
LCH snubs DTCC merger
A proposed merger between London-based derivatives clearing house LCH.Clearnet and US clearing giant the Depository Trust & Clearing Corporation (DTCC) has fallen through.
RWE/E.ON and EDF win UK nuclear auction
The UK government has confirmed that the Nuclear Decommissioning Authority has successfully completed the auction of three potential new nuclear sites for a combined total of £387 million, significantly more than the government had previously expected to…
First domestic Australian CER trade
The first Certified Emission Reduction (CER) trade between two Australian counterparties has been made by Victorian electricity generator Loy Yang Power (LYP) and Queensland-based commodity trading and risk management firm Arcadia Energy Trading. The…
LCH snubs DTCC merger
A proposed merger between London-based derivatives clearing house LCH.Clearnet and US clearing giant, the Depository Trust & Clearing Corporation (DTCC) has fallen through.