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Temenos launches intelligence system for fraud prevention
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Government response to crisis will up fraud, says study
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Porsche makes a further €6.84bn on VW options
Porsche has made a further €6.84 billion from its holdings of cash-settled options on shares of its rival German car maker Volkswagen (VW).
House unveils draft cap and trade bill
Democrats in the House of Representatives issued draft legislation today proposing an 83% carbon cap by 2050 and a national renewable energy requirement of 25% by 2025.
Constellation completes sale of trading units
Constellation Energy this week completed the divestiture of its Houston-Based downstream natural gas and international coal and freight business units.
CDSs on US banks widen on fears of auto bankruptcies
The cost of credit protection on US banks increased yesterday, following the Obama administration's warning that it would let the US auto industry slide into bankruptcy if necessary.
IIF report shows banks making changes to pay structures
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Concrete steps taken on international regulation
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CDSs on European financials widen
As equity markets tumbled this morning amid fears the US government would not extend further aid to the auto industry, the cost of credit protection on European banks rose.
US Treasury outlines framework for regulatory reform
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Ceiops members approve financial crisis guidelines
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$9.2 billion derivatives losses for US banks in Q4
US commercial banks reported $9.2 billion in derivatives trading losses during the fourth quarter of 2008, bringing total trading losses in 2008 to $836 million, according to a quarterly report by the Office of the Comptroller of the Currency (OCC). This…
Iberdrola Renovables: “No change in investment plans”
Spanish energy company Iberdrola Renovables has confirmed that it still plans to deliver all the wind projects planned for this year and will continue with its strategic plan to invest €18.8 billion by the end of 2012.
Low oil price puts supply growth at risk
Future oil supply growth could be hit by the fall from last July's peak price of $147 per barrel, according to a new study, with 7.6m barrels per day (bpd) at risk between 2009 and 2014.
Shanghai steel futures begin trading
The Shanghai Futures Exchange launched trading in steel futures on March 26 to modest success, with a wide range of trading houses supporting the new contracts, traders and analysts said.
Top executives leave RBS Sempra
RBS Sempra Commodities has confirmed that president Frank Gallipoli and CEO David Messer have left the company.
Phoenix launches platform for renewable credits
Interdealer broker Phoenix Partners has launched an electronic OTC trading platform for renewable energy credits (REC.)
"Substantial increase" in European corporates hedging exposure to CEE
The depreciation of currencies in central and eastern Europe (CEE) has led to a wave of western European companies hedging their forex exposure to the region.
Shanghai steel futures shine on first day of trading
The Shanghai Futures Exchange launched trading in steel futures on March 26 to modest success, with a wide range of trading houses supporting the new contracts, traders and analysts said. The two new contracts are the seventh and eighth products to be…
Mixed benefits for banks from independent valuations
Flaws in the valuation of complex securities have driven a renewed focus on independent valuations, but vendors remain divided in their assessment of the use banks are making of their services.
CDSs on banks under UK asset protection programme widen
The cost of credit protection on UK banks rose marginally this morning. As the deadline of March 31 for UK banks to sign up to the government's asset protection programme approaches, banks already participating in the scheme saw their CDSs widen the most.
UK firms face greater business continuity risk
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Executive Board streamlines CDM processes
Tighter standards and more streamlined procedures for the accreditation of third-party certifiers of Clean Development Mechanism (CDM) projects were announced at the CDM Executive Board meeting held in Bonn, Germany yesterday.
CDSs referencing US banks widen
The cost of credit protection on US banks continued to rise yesterday, following Treasury secretary Timothy Geithner announcing a plan to relieve US banks of toxic assets on March 23. Some analysts believe Geithner's plan still lacks detail, particularly…