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Dealers work towards clearing house for credit default swaps
A group of dealers hoping to avoid the systemic implications of counterparty risk is working with the Clearing Corporation on establishing a central clearing house for certain credit derivatives products.
Mifid MTFs produce cost savings for brokers and dealers
More and more multilateral trading facilities (MTFs) are starting to compete with European equities exchanges, producing 4-5 basis points in savings for some of their users.
Auction rates securities investigations gathering steam
Regulatory investigations into the collapse of the auction rate securities (ARS) market are getting under way in the US, while investors stuck holding illiquid paper turn to the fledgling secondary market in an attempt to unwind their positions.
German Bank in Administration
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Subprime woes continue in first quarter
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Merrill Lynch sues insurer over credit default swaps
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HSBC faces sex discrimination and unfair dismissal claims
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FSA Closes one UK Firm and FINES two others
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Bear faces billion-dollar lawsuit from Kinetic
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SEC pounces on ID fraudsters
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New SEC rules aim to curb credit rating agencies
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HSBC loses details of 370,000 customers in the post
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