News
UBS names new global co-head of FICC
Jeffrey Mayer has been named global co-head of fixed income, currencies and commodities (FICC) at UBS.
Interbank lending remains volatile as bailout is revised
The interbank lending markets remained unstable today, after the US Senate agreed to vote on an amended version of the rescue package.
CDS spreads tighten as bailout is revised
The cost of protection on some of the world’s largest financial institutions fell yesterday as the US Senate agreed to vote on a revised version of the $700 billion financial rescue plan.
Abbey workers trouser £120k
Losses & Lawsuits
Lehman finds itself down then out
Losses & Lawsuits
FSA bans directors for misusing client money
Losses & Lawsuits
FSA fines hedge fund manager for market abuse
Losses & Lawsuits
SEC fines LPL $275,000 over data protection
Losses & Lawsuits
Merrill and Bank of America deal sparks lawsuits
Losses & Lawsuits
PWC sues Lehman Bros over European funds removal
Losses & Lawsuits
US Fed bails out AIG with $85bn
Losses & Lawsuits
European banks in wave of bailouts
Daily news headlines
US bailout halted in Congress
Daily news headlines
Isda prepares to settle CDSs on failed banks
The International Swaps and Derivatives Association (Isda) has launched its settlement protocol for credit default swaps (CDSs) based on the US government-backed mortgage institutions Fannie Mae and Freddie Mac.
Senior management shake-up at SG
Société Générale made several senior appointments today as part of a reshuffle of its senior management.