News
Weather derivatives trading increases 35% year on year
Trading volumes of weather derivatives have increased 35% year on year, according to a survey by the Weather Risk Management Association (WRMA).
ICE buys Creditex in bid to access lucrative CDS market
The IntercontinentalExchange (Ice) has agreed to aquire credit derivatives interdealer-broker Creditex in a deal worth $625 million, in an attempt to gain a foothold in the burgeoning credit default swaps (CDS) market.
Péretié to replace Mustier at SG CIB
Michel Péretié has been named as the next chief executive of Société Générale Corporate and Investment Banking (SG CIB), replacing Jean-Pierre Mustier.
OTS chief calls for federal mortgage regulation
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Triple Point Technology acquires INNSINC
Risk management software company Triple Point Technology has acquired Investment Support Systems Inc (INNSINC) for an undisclosed fee.
CEIOPS publishes advice on occupational pensions
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TCF checklist released in reaction to crisis
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Deutsche Bank revises carbon price forecast – good news for CCS
Deutsche Bank has forecast a 2008 EU Emission Allowance (EUA) price of €40 per tonne, up from €35. The bank says a price of €40 will be high enough to incentivise future power plant and carbon capture and storage (CCS) build.
Smith steps into the breach at Wachovia
Wachovia Corporation announced the retirement of Ken Thompson, its chief executive officer, "at the request of the board" today.
Bradford & Bingley sells 23% stake after suffering losses
UK mortgage lender Bradford & Bingley has agreed to sell a 23% stake of the company to US private equity firm TPG Capital following announcements of losses for the first four months of the year.
Jack Jeffery joins SuperDerivatives
Jack Jeffery, formerly chief executive officer at Icap Electronic Broking in London, has joined derivatives pricing, trading and risk management company SuperDerivatives as chief operations officer.