News
US banks settle for billions over auction-rate securities
Losses and Lawsuits
Fannie Mae announces management changes
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BBA publishes conclusions on Basel II Pillar III
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Romanian wind farm to be largest in Europe
European utility giant CEZ Group has bought two adjacent wind farms in Romania from Eastern European renewables developer Continental Wind Partners (CWP).
FSB raises concerns about South African hedge funds
In its efforts to licence the country's hedge fund managers, the South African Financial Services Board (FSB) has found problems with mandate compliance, levels of professional indemnity cover and the use of external business partners.
Slowing economy hits inflation markets
Poor economic prospects and falling commodity prices have changed the face of inflation markets around the world, easing the shortages that constricted them earlier this year.
Dow Jones Indexes expands into carbon
Index provider Dow Jones Indexes, in partnership with the Chicago Climate Exchange (CCX), has launched two carbon indexes, with a view to further expanding into other gases and regions.
FSA proposes Payment Services Directive handbook changes
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FDIC issues liquidity guidance and encourages contingency funding
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SEC heads for IFRS acceptance by 2014
The US Securities and Exchange Commission (SEC) aims to bring international financial reporting standards (IFRS) into use in the US within the next six years.
Meagre $5bn profit for US commercial banks, says FDIC
Federally insured US banks posted total profits of just $5 billion for the second quarter of 2008, an 87% drop on the $31.8 billion earned over the same period in 2007 and the second-worst earnings results since 1991.
Fannie flushes out CRO and CFO, but Mudd sticks
Fannie Mae has made several leadership changes aimed at improving capital management and reducing credit losses.
FGIC in MBIA reinsurance deal
Financial Guaranty Insurance Company (FGIC), the New York-based monoline insurer, has signed a reinsurance deal with MBIA, the Armonk, New York-based monoline. The deal, which sees MBIA reinsure $184 billion of municipal bonds, was overseen by the New…