News
Rothwell departs JP Morgan
Giles Rothwell has left JP Morgan, where he was global head of structured investments distributor marketing. He has been replaced by Beat von Gunten, previously head of structured products distributor marketing for Europe, the Middle East and Africa at…
UBS makes two hires for metals team
UBS has appointed Paul Wilkes and Clive Stocker to its metals team.
Valet replaces Oudea as CFO at Société Générale
Didier Valet has been promoted to group chief financial officer at Société Générale, succeeding Frédéric Oudea, who became chief executive last month.
Nymex to Launch U.S. Carbon Allowance Contract
The New York Mercantile Exchange (Nymex) will introduce a U.S. Regional Greenhouse Gas Initiative (RGGI) carbon allowance futures contract, in the third quarter of 2008, pending regulatory review.
Moody's COO to retire
Brian Clarkson, president and chief operating officer (COO) of Moody's Investors Service, will retire at the end of July. He will be replaced as COO by Michel Madelain.
UK unprotected by MAD, says CFA Institute
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Fed proposes unfair practices rules for cards and overdrafts
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$2.2 billion loss as Fannie Mae mortgage purchases continue
Fannie Mae has posted a $2.2 billion loss for the first three months of 2008 as the government-sponsored entity continues to take a battering for its role in propping up the ailing US mortgage market.
Crude surpasses $123 as Democrats blame speculators
Crude oil closed at a new record high of $123.53 a barrel on the New York Mercantile Exchange (Nymex).
CantorCO2e launches VER initiative
Environmental broker CantorCO2e has launched a new venture, the Social Carbon Company, to provide advice and carbon management services to project developers in the Verified Emission Reduction (VER) market.
SEC’s Paul Atkins to step down
Paul Atkins, a commissioner at the US Securities and Exchange Commission, will step down after his term ends next month.
Swiss Re loses another SFr819 million on two CDSs
Zürich-based reinsurer Swiss Re announced it had booked a mark-to-market loss of SFr819 million ($781 million) on two portfolio credit default swaps (CDSs) in its first-quarter results on May 6, and warned that it was likely to lose another SFr200…
JP Morgan snares Goldman commodity head; ramps up Asia team
JP Morgan has hired Oral Dawe from rival Goldman Sachs as its chief executive of Asia-Pacific commodities. Dawe was previously co-head of commodities for Asia alongside Allan Marson at Goldman Sachs. Marson is now the sole head of commodities for the…
Deutsche names Korean global markets head
Deutsche Bank has relocated Jeffrey Chung, its former Hong Kong-based co-head of equity sales in Asia, to Seoul as its new head of global markets for Korea, replacing MH Kim.
BIS sets up new Americas council
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Financial services confused over TCF
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Regulation and corporate governance still top of agenda
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Enel goes green in China
Italian utility Enel has signed two agreements in China, one to develop Chinese clean coal and carbon capture and storage projects, the other to purchase over 11 million certified emission reduction (CER) credits from green projects in the Chinese steel…