News
Traders charged in Nymex Illegal Trading Investigation
Former New York Mercantile Exchange (Nymex) director Steven Karvellas pleaded guilty to defrauding customers following a joint probe by New York prosecutors and the Commodity Futures Trading Commission (CFTC).
Semerci to head Duet after leaving Merrill
Duet Group, a London-based alternative asset manager, has appointed Osman Semerci as chief executive and partner.
Icap expands equity presence by buying Link
UK interdealer broker Icap will pay up to £250 million to buy Link, an equity derivatives broker based in London.
State Street names new chief risk officer
Boston-based financial services firm State Street has appointed Maureen Miskovic as its chief risk officer.
Ferguson leaves Swiss Re to head TIAA Cref
Roger Ferguson has been appointed president and chief executive officer of New York-based pension fund Teachers Insurance and Annuity Association, College Retirement Equities Fund (TIAA Cref).
Fed heightens its scrutiny of investment banks
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EU deal on cross-border banking supervision
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UK consults on Rome I Regulation
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European Commission investigates Northern Rock bailout
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Effectiveness of DR plans questioned
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Troubled broker names new CFO
MF Global, the interdealer broker that lost $141.5 million in a rogue trading incident earlier this year, has named Randy MacDonald as its new chief financial officer (CFO).
Retail investors hold key to Canadian ABCP restructuring
A vote on the Montreal Accord, the proposal to restructure C$33 billion (US$32.7 billion) of distressed non-bank Canadian asset-backed commercial paper (ABCP), is due on April 25. But with all votes counted as equal, satisfying the demands of…
Paulson regulatory shakeup looks unlikely
US Treasury secretary Hank Paulson’s long-awaited proposals to overhaul the US financial regulatory system have received a tepid response from the market, which is enthusiastic about the intent of the proposals but sceptical that they will ever be…
Weaker oil prices ahead, says Lehman
A series of “new fundamental factors” have buoyed oil prices in 2008, but various physical and financial indicators suggest weaker prices to come, Lehman Brothers’ senior energy economist said today at a briefing in New York.
ICE & GlobalCOAL launch joint coal futures contracts
GlobalCOAL and IntercontinentalExchange (ICE), have joined forces to launch two new coal futures contracts on ICE Futures Europe
ECX's CER volumes hit 10 million+ tonnes
The European Climate Exchange says volumes of its certified emissions reduction futures hit over 10 million tonnes in the first 10 days after the March 14 launch
FSA warns of uncertainty over emissions
The UK’s Financial Services Authority (FSA) has warned of a lack of clarity regarding the regulation of emissions markets.