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UK authorities release depositor protection proposals
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Icap Hyde buys Capital Shipbrokers
Global shipbroking firm, Icap Hyde, has acquired Capital Shipbrokers, a privately-owned shipbroker based in London.
ICE to acquire YellowJacket
Electronic exchange and over-the-counter (OTC) market operator IntercontinentalExchange (ICE) is to acquire YellowJacket Software.
Standard Chartered will fund troubled SIV
Standard Chartered has taken a second vertical slice of its Whistlejacket structured investment vehicle (SIV) and will consolidate the whole $7 billion structure onto its balance sheet, the bank announced today.
Merrill continues to shake up senior management
Ahmass Fakahany, Merrill Lynch’s co-president and chief operating officer, is about to retire, leaving on February 1. Fakahany joined the bank in 1987 and has served in a variety of senior roles, including as vice-chairman and chief administrative…
Escoffier credits customer support for SG
Speaking as he accepted the Risk award for equity derivatives house of the year last night, David Escoffier, head of global equities and derivatives for London and head of the bank's hedge fund group, credited SG's clients with helping to keep the bank…
New CEO for Bear Stearns Securities Corporation
Michael Minikes has been named chief executive officer of Bear Stearns Securities Corporation (BSSC), which conducts Bear Stearns’ clearing operations. Robert Upton will assume the title of treasurer of the New York-based parent organisation The Bear…
MBIA announces $2.3 billion Q4 writedown
The situation in the troubled bond insurance sector has worsened, with the announcement of a $2.3 billion fourth-quarter writedown by New York monoline, MBIA.
S&P makes further mass RMBS downgrades
Standard & Poor’s has downgraded 6,389 residential mortgage-backed securities (RMBS) supported by subprime collateral and has placed 1,953 collateralised debt obligations (CDOs) of asset-backed securities on credit watch, in a dire assessment of the…
UBS startles market with $14 billion writedown
UBS revealed this morning that it had taken even more damage from the US subprime debacle than it expected, with writedowns totalling $14 billion.
Credit Suisse names Varvel CEO of EMEA
Credit Suisse Group has appointed Eric Varvel chief executive officer of the Europe, Middle East and Africa (EMEA) region. In this role, he will be based in London and report to Brady Dougan, chief executive of Credit Suisse. Varvel will also become a…
HKEx introduces new market access products
The Stock Exchange of Hong Kong listed six zero-strike derivative warrants on non-Hong Kong underlying assets on January 30.
Darras named Isda's general counsel, Americas
The International Swaps and Derivatives Association (Isda) has appointed Katherine Tew Darras as its general counsel, Americas, and head of equity, foreign exchange and interest rate legal. In her new role, she reports to David Geen, Isda’s general…
Tullett Prebon appoints Dunkley as director of volatility
Tullett Prebon has appointed Paul Dunkley as director of its volatility division. He will be based in London and will report to Marcus Bolton, managing director of volatility.
Calyon appoints new head of structured finance
Jean-François Marchal has been made head of the structured finance division at Calyon, and a member of the investment bank’s executive and management committees.
FSA releases risk outlook for 2008
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Sepa goes live
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