News
Swiss Bank UBS Admits 'limited number' of Tax Frauds
Losses and Lawsuits
FDIC Announces $114 million Compucredit Settlement
Losses and Lawsuits
JP Morgan buys UBS’ Canadian energy and ags businesses
UBS is to sell its Canadian energy and global agricultural commodities businesses to JP Morgan, it has announced.
PXE to launch Hungarian electricity futures
Prague Energy Exchange (PXE) has announced that it will trade electricity futures based on power generated in Hungary from March 1, 2009.
Atel and EOS finalise merger
Swiss energy companies Atel and EOS have finalized details of a merger which will form a new company called Alpiq, based in Neuchâtel.
Natixis job cuts fail to impress
Announcing 40% job cuts in its complex capital markets business failed to improve the reputation of the French bank Natixis, which has seen its shares and financial strength rating fall today.
SEC charges insider-dealing ring
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EC launches public consultation on hedge funds
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Madoff fraud puts focus on due diligence
Several market players that had conducted due diligence on his firm told Risk that it had raised danger signals as far back as the late 1990s.
RGGI allowances reach $3.38 clearing price
Regional Greenhouse Gas Initiative (RGGI) allowances sold at a clearing price of $3.38 at the scheme's second pre-compliance auction on 17 December 2008.
RWE Innogy to build 960MW offshore wind farm
RWE plans to invest $2.8 billion in its first German offshore wind farm following the acquisition of project company ENOVA Energieanlagen, part of the ENOVA Group.
E.ON sells 2200MW of generation, enters Belgium
German utility E.ON has announced that it will sell over 2200 MW of generation capacity from German power stations to Electrabel and EnBW. The move comes after E.ON reached agreement with the European Commission to promote competition in Germany's power…
Growth in US oil consumption to slow significantly
The latest Annual Energy Outlook (AEO) from the Energy Information Administration (EIA) has forecast virtually no growth in 2009 US oil consumption for the first time in more than 20 years.
BoA names regional leadership positions
Bank of America (BoA) has appointed the regional heads that will take charge once its purchase of Merrill Lynch is complete, which is expected to be in the first quarter of 2009.
US muni debt now priced as riskier than corporates
Protection on US municipal debt is currently more costly than that on US investment-grade corporate bonds. Spreads on Markit's five-year MCDX index, which references credit default swaps (CDS) on municipal bonds, were at 275 basis points as of December…
Obama names next heads of SEC and CFTC
US president-elect Barack Obama has named the next leaders of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) following his call for "a 21st century regulatory framework to ensure a crisis like this can never…
SG names Wilson head of metals research
David Wilson has joined Société Générale as head of metals research.
Global banks have limited view of risk
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Finra CEO to take over at SEC
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