News
Banks pull back from market-making
A lack of OTC market-making is causing concern about long-term liquidity in the energy markets. The future of market-making depends on the banking industry, reports Katie Holliday
Banks pull back from market-making
A lack of OTC market-making is causing concern about long-term liquidity in the energy markets. The future of market-making depends on the banking industry, reports Katie Holliday
Deutsche Bank launches ETF of hedge funds
Deutsche Bank has launched an exchange-traded fund (ETF) giving investors access to hedge funds based on its managed account platform.
European financials hit by declining confidence
The cost of credit protection on European financial institutions climbed in intraday trading today as market sentiment slumped.
Larosiere says UK must play its part in EU supervision
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UBS admits Sfr20.9 billion loss for 2008
Swiss bank UBS recorded a bigger-than-expected net loss of Sfr20.9 billion ($18.03 billion) for 2008, driven by losses and writedowns on exposures to US real estate assets.
Bank nationalisation not an option, conference told
Calls for the short-term nationalisation of US banks are impractical, since the US government cannot nationalise all banks simultaneously, and nationalising only a few will prove unworkable, delegates at the Chicago Board Options Exchange risk management…
CFTC names Chilton head of energy committee
Bart Chilton, one of four commissioners at the US Commodity Futures Trading Commission, took charge of the regulator's energy markets advisory committee yesterday.
Time ripe for inflation investments and hedges, says Sinopia chief
The launch of a variety of fiscal stimulus packages by Asian and western governments combined with quantitative easing by some central banks has renewed concerns about the risk of significant increases in future inflation rates around the world.
Sentiment improves towards US banks
The cost of credit protection on US banks fell in intraday trading today as the government looks set to relieve them of their impaired assets.
US "should set national house value floor" to arrest declining prices
The Obama administration's attempt to revive the housing market by modifying mortgage payments should be scrapped and replaced by a national US house price floor set by the government, a prominent hedge fund manager has claimed.
IMF releases report on initial lessons of the financial crisis
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World Bank predicts global recession and credit squeeze for poor countries
The world economy will shrink overall this year for the first time since the Second World War, the World Bank has predicted, adding that rich nations' stimulus programmes may leave poorer countries struggling for financing.
CBOE chief sees SEC reintroducing short-selling uptick rule
The Securities and Exchange Commission (SEC) will shortly put forward a consultation paper looking to reintroduce the uptick rule and seek to comprehensively put a stop to naked short selling, the chief executive of the Chicago Board Options Exchange …
Agora-X launches OTC platform for energy and metals
Agora-X, an electronic trading platform, has launched a new platform for the negotiation, execution and clearing of over-the-counter (OTC) trades in energy and metal contracts.
EPA proposes first national GHG reporting requirements
The US Environmental Protection Agency (EPA) has proposed the first comprehensive national system for reporting emissions of carbon dioxide and other greenhouse gases.
Senior Supervisors Group: CDS auction process working
A report released on March 9 by the Senior Supervisors Group (SSG) suggests the auction process for settling credit default swaps (CDSs) - tested several times over the past six months - is working.
CDS spreads narrow on US financials
US financials faced improved market sentiment in early European trading today, while the cost of credit protection rose on Japanese banks.