News
Deutsche Bank expects €4.8 billion Q4 loss
Deutsche Bank announced on Wednesday it anticipates a €4.8 billion loss in the fourth quarter of 2008, which would mean a full-year loss of €3.9 billion.
Standard Chartered chairman joins UK government
Standard Chartered's non-executive chairman, Mervyn Davies, has stepped down to join the UK government as minister for trade promotion and investment.
CDSs on eurozone sovereigns widen
The cost of credit protection on eurozone sovereigns widened in European trading this morning, while in the US, spreads on Citi ballooned.
SGX appoints Foo head of operations
The Singapore Exchange (SGX) has appointed Benjamin Foo as head of operations.
TriOptima CDS tear-ups cut risk by $30.2 trillion
Stockholm-headquartered technology company TriOptima has reported that its portfolio compression service, triReduce, eliminated $30.2 trillion in notional principal from the credit default swap (CDS) market in 2008.
International Centre for Financial Regulation officially launched in London
Daily news headlines
BIS elects new chairman
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Industry effort launched to find new reporting standards for risk
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Commodities cutbacks at Merrill Lynch
Bank of America through its recent acquisition Merrill Lynch has started to make redundancies within the commodities department in the past few days, according to an article in today's Times .