News
Goldman Sachs to market GHG emission reductions through strategic alliance with Blue Source
Goldman Sachs has bought an equity stake in Blue Source in a strategic alliance to market green house gas emission reductions in US.
Market recovery boosts interbank lending
Recovering Asian and European stock markets increased confidence in interbank lending today.
Aegon receives €3 billion government support
The Dutch government has indirectly purchased €3 billion in shares in Aegon, the insurance giant, making it the second prominent company to tap the €20 billion scheme provided by the Dutch state.
CDS spreads tighten as markets recover
The cost of credit protection has fallen as the world’s equity markets begin to recover from a volatile week of crashes prompted by fears of a global recession.
Japanese ban naked shorts despite liquidity fears
The Japanese Financial Services Agency today banned naked shorting of stocks on the Tokyo exchange until the end of Q1 in 2009. But the experience of other countries implies the country now risks making the stock market even more volatile and illiquid.
Nomura names equity heads for Asia and Europe
Japanese bank Nomura has named new heads of equity for Asia and Europe, who will take up their posts on November 1, as it continues to integrate the former Asian and European operations of Lehman Brothers which it acquired in September.
Taiwan watchdog clamps down on overseas investment
Taiwan’s financial markets watchdog has revised regulations governing the investment by domestic insurance companies in certain overseas assets by introducing limits on a their total investment in US government agency issued mortgage-backed securities …
CDS spreads widen after stock markets crash
Following a volatile week of crashes across the world’s equity markets and fears of a global recession, the cost of credit protection on financials has risen further.
US Treasury considering allowing insurers, auto-makers to access Tarp
The US Treasury is considering allowing non-banking institutions such as insurers and auto-makers to access federal funds under the government’s $700 billion bailout package, a senior Treasury official has confirmed.
FSA confirms new CFD rules despite dissent
The UK Financial Services Authority (FSA) will go ahead with rules forcing general disclosure of holdings of contracts for difference (CFDs), despite market concerns that the cost would be too high.
Interbank markets unmoved as Asian markets plummet
The collapse of stock markets in Hong Kong and Tokyo failed to shock the rest of the world today, with interbank rates remaining roughly level this morning.
FSA acts on disclosure of contracts for difference
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French banks create mobile payments network
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Increased regulation for hedge funds on the way, says FSA’s Sants
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Congress: US needs regulatory overhaul
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Ceiops announces preliminary QIS4 results
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Treasury names interim CIO for Tarp
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ING’s CFO departs after it received €10 billion from Dutch government
John Hele, chief financial officer of financial services group ING, will leave the firm following the company’s agreement on October 19 to receive a €10 billion capital injection from the Dutch government.
Rating agencies "sold their souls"
The heads of the major rating agencies faced public humiliation this week, as hearings in the US Congress blamed them for the oversights and mis-estimates behind the credit crisis.
Lake joins RBS as a UK derivatives sales head
David Lake has joined Royal Bank of Scotland as head of equity derivatives and structured products sales UK and Ireland.
Congress: US needs regulatory overhaul
At a US congressional hearing of the committee of oversight and government reform on October 23, speakers called for far-reaching regulatory reforms. These included demands for greater scrutiny of derivatives, increased capital charges on securitised…
EU nations accused of restricting free trade of renewable energy
The European Federation of Energy Traders (EFET) has supported a complaint, from an unnamed generator and a renewables trader, made to the European Commission on October 10.
ETF Securities close acquisition of Gold Bullion Securities
ETF Securities has completed the acquisition of Gold Bullion Securities’ Exchange Traded Commodities (ETC) products listed on London and Australian Stock Exchanges.
ANZ appoints Asia-Pacific CRO
Australia and New Zealand Banking Group (ANZ) have appointed Nigel Denby to the role of chief risk officer, Asia Pacific.