News
Senior duo leaves Calyon after €250 million rogue trade
Two of Calyon’s most senior bankers have departed following the discovery of a rogue credit derivatives index trade earlier this month.
BarCap launches “new currency” for financing
Barclays Capital has unveiled a synthetic currency intended to reduce funding costs for corporate clients, banks and hedge funds.
Subprime bill deemed “a constructive step”
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FSA update on Money Laundering Regulations 2007
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Mifid: new UK notifications as Mifid deadline approaches
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Hackers sell kits on auction site
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Bear profits tumble by 61% as Goldman's rise 79%
Bear Stearns confirmed it was the US securities dealer with proportionally the most damaging exposure to the troubled US mortgage market when it unveiled a third-quarter net profit of $171.3 million, a year-on-year drop of 61%.
Rogue traders cost Calyon $358 million
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Algorithmics launches Algo First 4.0
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Rating agencies unmoved by Calyon’s rogue trade
Standard and Poor’s, Fitch Ratings and Moody’s Investors Service have all affirmed their ratings and ratings outlooks for Calyon and its parent company following the disclosure of a large rogue trade.
South Korea, Taiwan again fail to achieve developed market status
London-based index provider FTSE Group has again left officials in South Korea and Taiwan disappointed, after it decided to keep them classified as advanced emerging markets, as it did in 2005 and 2006. The supplier of the world’s most used index series…
Coso releases new internal controls paper
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Spectron trades first OTC carbon option settled on CCFE
Energy broker Spectron has brokered the first over-the-counter carbon dioxide option settled against the Chicago Climate Futures Exchange (CCFE)
EC energy package meets mixed response
The EC’s third package of EU energy market liberalisation measures has stopped short of insisting on full ownership unbundling of transmission infrastructure from generation and supply assets, and of creating a fully-fledged European energy regulator.