News
FSA publishes feedback on the liquidity requirement discussion paper
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FSA proposes increased transparency disclosure
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New York Mellon loses customer data
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Rising costs hinder new power plant builds
Costs of building new power plants in North America have surged dramatically since 2000 and will continue to rise, the IHS CERA Power Capital Costs Index (PCCI) has revealed. According to the index, the costs have escalated by 130% since 2000 and…
Merrill Lynch suspends equity derivatives trader
Merrill Lynch has initiated a probe into suspicious activity detected on one of its equity derivatives trading desks, suspending one of the traders at the desk.
Ex-Bear staff leave JP Morgan only two months into their jobs
Jeff Mayer and Craig Overlander are departing JP Morgan after being appointed to senior positions at the bank in early April.
Gold producer hedging drops to record lows
Gold hedging plunged by another 18% in the first quarter of 2008, shrinking the global delta-adjusted hedge positions to 22 million troy ounces (Moz).
FSA publishes modelling occasional paper
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CEBS offers technical advice on CAD
New consultation paper published on proposals on options and national discretions in the Capital Requirements Directive
New working paper explains guidelines tackling corporate corruption
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More multibillion-dollar rogue trading losses expected
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Crude volatility evaporates OTC liquidity in May
Huge moves in the oil price in May has affected liquidity in the over-the-counter crude options markets as commercial traders struggled to take definitive views, say analysts.
Global head of structured credit quits Morgan Stanley
Matt Zola, global head of structured credit at Morgan Stanley, has resigned from the bank.
UBS names global capital markets heads
UBS has appointed Roberto Isolani and Matthew Koder as co-heads of its global capital markets (GCM) business, which is a recently merged division of the bank's equity capital markets and debt capital markets divisions.
JP Morgan launches placement programme for Bear Stearns staff
JP Morgan has launched a programme to place thousands of the Bear Stearns employees that are to be made redundant after its takeover of the rival bank.
SG's Kerviel report blames supervisors and accomplice
Inattention by inexperienced supervisors and an accomplice in the bank's middle office helped Jerome Kerviel carry out rogue trades that lost Société Générale €4.9 billion in January this year, according to reports released by the bank today.
Gary Bullock joins Credit Suisse as head of investment bank global operations
Credit Suisse has appointed Gary Bullock as a managing director and head of operations for the investment bank.
Dahinden, Mazzocchi, Silvotti leave RBS
Three senior structured credit bankers have left Royal Bank of Scotland (RBS) in London, not long after two of them joined the firm from Dresdner Kleinwort.
DB Advisors expands its quantitative strategies team
Deutsche Bank's asset management division, DB Advisors, has appointed Ross Sakamoto as senior product specialist for quantitative strategies.