News
ABN Amro to pay regulators $80 million
LOSSES & LAWSUITS
Personal liability for investment officers over fund losses
LOSSES & LAWSUITS
Mortgage fraud uncovered in South Wales
LOSSES & LAWSUITS
BarCap extends Barx to variance swaps
New angles
RiskNews
RiskNews
Mexico launches $2.5 billion of warrants
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Credit Suisse launches longevity index
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CAO fires three Singapore managers
China Aviation Oil (Singapore) has fired three senior managers involved in last year's derivatives trading losses.
Barclays opens first Chinese branch
Chinese regulators have granted UK bank Barclays a branch license for its Shanghai office. The license allows Barclays, including its investment banking arm Barclays Capital, to provide money market and foreign exchange services, and advise corporate…
Linklaters hires Liew as Asian derivatives head
Linklaters in Hong Kong has hired Chin-Chong Liew away from Allen & Overy to head its Asian derivatives operation.
Chinese banks debut with renminbi securitisations
China Construction Bank (CCB) and China Development bank (CDB) have kicked off the first securitisation schemes by Chinese banks, with CCB issuing RMB3 billion ($373 million) worth of residential mortgage-backed securities (RMBS) and CDB issuing RMB4.18…
Hong Kong SFC’s Au-Yang to step down
Hong Kong’s Securities and Futures Commission (SFC) said its chief operating officer, Peter Au-Yang Cheong-yan, would be leaving next year when his contract expires.
TSE president resigns over Mizuho fiasco
Tokyo Stock Exchange president Takuo Tsurushima and two other executives have resigned in response to the Mizuho trading error 12 days ago.
Singapore and CBOT to set up commodity exchange
The Singapore Exchange and the Chicago Board of Trade (CBOT) will set up a joint commodity derivatives exchange in Singapore next year.
Fed fines ABN Amro $80 million
The US Federal Reserve has ordered ABN Amro to pay $80 million in fines for lacking adequate risk management that could identify money laundering activities in its overseas branches. According to the order released on December 19, the Amsterdam-based…
Tullett Prebon opens broking joint venture in Shanghai
Tullett Prebon has opened an interdealer broking operation in Shanghai through a joint venture with the Chinese investment company Sitico.
BNP Paribas sets up soft commodites team
BNP Paribas has hired seven ex-Refco employees to build its worldwide presence in the soft futures market, and the Paris-based bank has also become a member of the New York Board of Trade (Nybot).
RBC creates new base metals team
RBC Capital Markets has hired a new base metals team to take advantage of the demand for metal futures and options.
Deutsche Bank restructures credit trading unit
Deutsche Bank has made structural changes to the management of its global credit trading division.
LSE takeover still deadlocked
London Stock Exchange (LSE) management has again rejected Australian bank Macquarie's takeover bid, which was unchanged from the original offer earlier this month.
RBS Greenwich Capital poaches McGeehnan for its FX sales team
Royal Bank of Scotland Greenwich Capital has hired Jimmy McGeehnan to bolster its foreign exchange presence among key hedge fund and asset manager clients.
Dealers boost online emerging market forex options services
Bank of America and Citigroup are among the latest in a series of banks building up online capabilities for emerging market currency options, as the market for the products continues to expand.