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BoA loses Sandelman
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Freight market hits credit rocks
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Putnam Lovell hires hedge fund risk manager
Putnam Lovell NBF Securities has hired Avtar Vasu as a vice-president and risk manager in its alternative investment group in New York.
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Long live longevity bonds?
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Weather derivatives watershed?
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Dominion buys 310MW plant from Dynegy and NRG
Dominion Virginia Power, the power utility subsidiary of Dominion, today completed the purchase of the 310-megawatt Commonwealth power plant in Chesapeake, Virginia. The move is consistent with its aim of reducing the cost of long-term power purchase…
BNP makes European fixed-income hires
French banking group BNP Paribas has announced two appointments in its fixed-income business servicing German, Austrian and Swiss corporates.
First hearing scheduled for EU's CAD
BRUSSELS – A hearing is scheduled for November 22 on the EU's Capital Adequacy Directive and related legislative text in the European parliament. It is the first hearing on the directive since the parliament reconvened after the elections, and the…
QIS4 set to go international in 2005
BASEL, SWITZERLAND – Quantitative impact study four (QIS4) is about to go international, according to sources in Basel, the US and the EU. Although the Basel Committee on Banking Supervision won't take the co-ordinating role it did during previous QISs,…
Saudi to up oil output to 12.5 million b/d
Saudi Arabia’s total oil production capacity is now at 11 million barrels a day (b/d) and plans are in place to increase it to 12.5 million b/d, Saudi Arabia’s Minister of Petroleum and Mineral Resources, Mr Ali Al-Naimi, said Monday.
Charles Stanley acquires Sutherlands
Charles Stanley Group, the stockbroker and financial services company, has announced its takeover of Edinburgh-based bond brokers, Sutherlands.
Portugal’s first synthetic securitsation on tap
Banco Comercial Portugues (BCP) and Kreditanstalt für Wiederaufbau (KfW) are bringing to market the first synthetic securitisation transaction in Portugal. A portfolio consisting of Portuguese small and medium-size enterprise (SME) loans will be brought…
Isda issues new guidelines for derivatives transaction settlement
The International Swaps and Derivatives Association has published a set of guidelines for the matching, netting and settlement of cashflows arising from over-the-counter derivatives transactions.
CFTC allows US firms to trade on EEX
The US Commodity Futures Trading Commission has permitted US companies to trade power derivatives on the European Energy Exchange with immediate effect, EEX said Thursday.
Babson Capital hires Kung for alternatives
Babson Capital, the Massachusetts-based asset management firm, has hired Edward Kung as alternative product manager.
Axiom makes bid for European CDS market
Axiom Global Partners, the New York-based inter-dealer brokerage, has launched its electronic credit default swap (CDS) broking platform in the London market.