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UK BANKS STRUGGLE IN WAKE OF DATA SECURITY BREACHES
LOSSES & LAWSUITS
EMPLOYEE ADMITS STEALING FIDELITY DATA
LOSSES & LAWSUITS
VISA AND TJX SETTLE FOR $40.9M
LOSSES & LAWSUITS
EcoSecurities and Credit Suisse complete structured CER sale
EcoSecurities and Credit Suisse have completed a structured sale of over 5 million Certified Emission Reductions (CERs).
OMX and Nord Pool to create Nord Pool International
Swedish exchange technology company OMX has acquired Norwegian derivatives exchange Nord Pool’s international derivatives products, along with its clearing and consulting operations.The two companies aim to create an international energy and carbon…
Write-downs mount in run-up to Christmas
Bear Stearns is the latest in a string of banks forced to reveal higher write-downs than expected.
CPDO ratings hang in the balance
Investors in constant proportion debt obligations (CPDOs) were given an unwanted early Christmas present by rating agencies, as Standard & Poor’s (S&P) and Moody’s Investors Service put the ratings of CPDO notes on review for a possible downgrade.
SG CIB names head of capitalraising and financing for Asia excluding Japan
Société Générale Corporate & Investment Banking (SG CIB) has named Ashley Wilkins as head of capital-raising and financing for Asia excluding Japan. His responsibilities will involve managing structured finance, hedging and capital market activities for…
NYSE Euronext names van der Does de Willebois acting CFO
NYSE Euronext has appointed Joost van der Does de Willebois, the exchange’s deputy chief financial officer (CFO) and head of the company’s Amsterdam market, to assume the role of acting CFO. In this role he will be based in Amsterdam.
Fortis Bank appoints new chairman
Fortis Bank has appointed Filip Dierckx as its new chairman. He succeeds Herman Verwilst, who has held this position since Fortis Bank was established in 1990.
Monolines in a world of pain
The shockwaves emanating from the monoline industry show no signs of easing up before Christmas. It had seemed that the pressure was abating, as the beleaguered financial guarantors had started to secure some much-needed capital to bolster their ratings,…
Merrill Lynch launches carbon certificate
Investment bank Merrill Lynch today launched an index-based investment certificate that offers protected exposure to the stocks of carbon efficient European companies.