News
Argentina bondholders optimistic over new deal
A more conciliatory stance from Argentina's new president has given holders of the sovereign's defaulted bonds fresh hope that a deal can be struck to bring to an end the long-running standoff
Dubai oil exchange approved for block trading
The Dubai Mercantile Exchange (DME) received approval yesterday for block trading of its Oman crude oil futures, which will allow traders to submit off-exchange transactions.
Asia heads of equities and prime brokerage leave Merrill Lynch
Two top Merrill Lynch executives based in Hong Kong are leaving the bank. Melvyn Ford, head of Pacific Rim global markets financing and services (GMF&S), left in early January, while Nigel Beattie, co-head of Pacific Rim equities, will depart on January…
FSA appoints new MD of wholesale
Sally Dewar has become the new managing director of wholesale at the UK Financial Services Authority (FSA), in one of several organisational changes at the regulator.
Congressman Baker likely to head the Managed Fund Association
Richard Baker, a Republican member of the US House of Representatives and a senior member of the House Financial Services Capital Markets Subcommittee, is in final negotiations to become chief executive of the Managed Fund Association (MFA), a Washington…
BNP names first European equity derivatives flow sales head
BNP Paribas has named Nick Tranter as its London-based head of European equity derivatives flow sales, a newly created role.
Julius Baer poaches UBS marketers in Singapore
Wealth manager Bank Julius Baer has expanded its marketing team in Singapore with several senior hires from Swiss rival UBS.
UBS launches Greenhouse Index
UBS Investment Bank has launched the UBS Greenhouse Index (UBS-GHI) , the first tradable investment benchmark tracking the Greenhouse Effect.
DBRS retreats from Europe
Dominion Bond Rating Service (DBRS) has closed its European offices in London, Paris and Frankfurt as a result of deteriorating revenues in the wake of the credit crisis.
UBS launches Greenhouse Index
UBS will launch its UBS Greenhouse Index (UBS-GHI) on January 23. It is a tradable investment benchmark tracking a combination of weather futures and greenhouse gas emissions credits.
Transparency Directive rules too complex, says ESME
Daily news headlines
Cayne bows out of Bear Stearns
James Cayne, chairman and chief executive of Bear Stearns, is the latest bank executive to lose his job as a result of large quarterly losses, according to news reports. The firm’s president, Alan Schwartz, who has been with the firm since 1976, is…
Del Missier becomes sole president of BarCap
Jerry del Missier has been appointed sole president of Barclays Capital, the investment banking arm of Barclays Bank. He remains based in London. The move comes after the resignation of Grant Kvalheim, his New York-based co-president.
FSA given powers to prevent another Northern Rock
Daily news headlines