News
CDO analyst files Sarbanes-Oxley complaint against Wachovia
Arturo Cifuentes, former managing director in structured products research at Wachovia Securities in New York, has filed a Sarbanes-Oxley complaint against his former firm.The complaint, filed 6 July with the US Occupational Safety and Health…
Isda backs Bear Stearns appeal against Enron
The International Swaps and Derivatives Association and the Bond Markets Assocation (BMA) have backed Bear Stearns' latest attempt to keep hold of $25.9 million in payments on a stock forward agreement, in the face of Enron's attempt to recover it.
Some brokers taking wrong approach to freight, says senior broker
Inter-dealer brokers could be taking the wrong approach by entering the freight derivatives market through joint ventures with physical shipping brokers rather than directly broking physical freight, says a senior energy broker.
Lehman appoints head of investment management
Lehman Brothers has appointed Thierry Sciard as managing director, head of investment management for Europe, tasked with the strategic development of the investment management business in the continent.
Tullett appoints new CEO
Tullett Financial has changed its name following the merger with Prebon and named G. Andrea Danese as chief executive. The company will now be known as Tullett Prebon Information.
Shell picks ZaiNet for carbon trading
Shell Energy Trading has licensed the ZaiNet emissions trading software, produced by SunGard, to manage its global carbon dioxide portfolio.
Deutsche grows asset finance division
Deutsche Bank has hired former JP Morgan vice-president Dennis Knitowski as a director in asset finance within the global markets division.
Goldman poaches Asian warrants specialist from SG
Cheril Lee has quit Société Générale in Hong Kong to head Goldman Sachs’ warrants business for Asia ex-Japan.
Bank of America hires seven for London sales team
Seven new senior salesmen have joined Bank of America's London-based global markets sales team from other major banks, making the team, led by Brian Heyworth, a third larger than at the start of the year.
Autos still most active CDS in US and Europe
The effect of Standard and Poor's downgrading the credit ratings of debt owned by Ford and General Motors two months ago is still washing through the credit default swap (CDS) market.
Deutsche launches European ABS index
Deutsche Bank has launched a European AAA floating-rate securitised bond index. The index will capture the performance of the European asset- and mortgage-backed securities market and focuses on the largest and most liquid AAA component of euro…
CFTC freezes hedge fund over derivatives 'fraud'
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court freeze on the assets of a $230 million hedge fund following an investigation of the fund’s operators for fraud.
Mizuho kick-starts insurance derivatives business
London-based Mizuho International has unveiled an insurance derivatives business, to be headed by newly appointed Stefan Roggenkamp.
Icap prepares for money broker JV in China
Interdealer broker Icap aims to be the first foreign company to enter the Chinese money broking sector, after Chinese regulators said they would relax rules previously banning the practice.
Commerzbank signs up for CDOSheet in NY
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Merrill swoops for JPM derivatives team
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Two new consultation papers from CEBS
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