News
Senior supervisors group out with new disclosure report
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Banks need more transparency, says IIF
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Review of CRD expected by September 2008
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Barclays appoints Jenkins chairman for Middle East
Barclays has appointed Roger Jenkins chairman of investment banking and investment management (IBIM) for the Middle East.
ABN Amro poaches Sturmey as Asia-Pacific ECM head from UBS
ABN Amro has appointed John Sturmey as its Hong Kong-based head of equity capital markets (ECM) for Asia-Pacific. He moves from a similar role at UBS in Hong Kong.
JP Morgan announces new heads post-merger
JP Morgan has appointed five Bear Stearns executives to top positions, in its first senior management restructuring since it rescued the rival bank.
Orbeo makes first Phase III carbon trade on ECX
Carbon trading company Orbeo has completed the first futures trade for Phase III of the EU emissions trading scheme (EU ETS), on European Climate Exchange’s new 2013 EUA contract.
Banks vow to improve transparency
The Institute of International Finance (IIF), a banking industry trade group, has promised to improve transparency about risk exposure and executive pay in the wake of the credit crisis.
Crude hits new high on inventory lows
Crude oil rose by more than $2 per barrel on the New York Mercantile Exchange (Nymex) after US government data showed a drop in inventories, surprising some analysts.
Downgrades not the end of CPDO market
The last few months have seen massive downgrades of constant proportion debt obligations (CPDOs), but the worst could be over for the sector.
No more Mifid regulation, says EC report
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Five banks file counterclaim over Clear Channel LBO
A legal spat over the proposed leveraged buyout of Texas-based media company Clear Channel intensified on April 4, as five banks filed a counterclaim in New York against the company and its private equity suitors.
Traders charged in Nymex Illegal Trading Investigation
Former New York Mercantile Exchange (Nymex) director Steven Karvellas pleaded guilty to defrauding customers following a joint probe by New York prosecutors and the Commodity Futures Trading Commission (CFTC).
Semerci to head Duet after leaving Merrill
Duet Group, a London-based alternative asset manager, has appointed Osman Semerci as chief executive and partner.
Icap expands equity presence by buying Link
UK interdealer broker Icap will pay up to £250 million to buy Link, an equity derivatives broker based in London.
State Street names new chief risk officer
Boston-based financial services firm State Street has appointed Maureen Miskovic as its chief risk officer.
Ferguson leaves Swiss Re to head TIAA Cref
Roger Ferguson has been appointed president and chief executive officer of New York-based pension fund Teachers Insurance and Annuity Association, College Retirement Equities Fund (TIAA Cref).