News
Nymex confirms sale talks
Following months of heightened speculation, Nymex Holdings, the parent company of the New York Mercantile Exchange (Nymex) has released a statement confirming it has been in “preliminary” talks to be purchased.
Half of US firms unhappy with risk effectiveness
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Citi, Hanwha withdraw applications for Korean OTC licences
US dealer Citi and Seoul-based Hanwha Securities last month withdrew their applications for over-the-counter (OTC) derivatives licences in South Korea, the country’s highest level of dealing licence. The firms applied for the licence in June, along with…
Deutsche poaches Grenfell from Macquarie as Asia commodities head
Simon Grenfell has left his position as a global co-head of the commodity markets division at Macquarie Bank in London to join Deutsche Bank in Singapore as head of commodities for Asia.
Close Brothers enters futures business
London-based investment bank Close Brothers has taken a 49.9% stake in Mako Global, a market-maker in exchange-traded derivatives.
FSA calls for more robust safeguards of consumer data
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Commission updates Mifid Q&A
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Central banks act again as credit crisis continues
Central banks have acted today to increase liquidity in money markets, as the US subprime meltdown continues to have effects around the world.
Fortis and Enel sign 10-year wind deal
Fortis has signed a 1.1 million megawatt hour, 10-year financial fixed-price power purchase agreement with Snyder Wind Farm, a subsidiary of Enel North America
Van Eck goes nuclear at Amex
New York-based asset manager Van Eck Global has launched its Market Vectors Nuclear Energy ETF (exchange-traded fund) on the American Stock Exchange (Amex). It is the first ETF listed in the US that enables investors to gain exposure to companies…
S&P launches Nuclear and Alternative energy indices
Index provider Standard & Poor’s has today launched two energy-related investable indices, the S&P Global Nuclear Energy Index and the S&P Global Alternative Energy Index.
Subprime rating actions spark EC review of agencies
The European Commission (EC) is planning an “intensive review” of credit rating agencies after the slew of recent rating actions on securities affected by poorly performing US subprime mortgages.
Japanese banks suffering from subprime crisis
Two of Japan's largest banks have taken significant losses from investments in US mortgage-backed securities.
Greenspan joins Deutsche Bank
Alan Greenspan, former chairman of the US Federal Reserve, has joined Deutsche Bank's investment banking division as a senior adviser.
Trichet: the worst is over in subprime crisis
Jean-Claude Trichet, president of the European Central Bank (ECB), told markets today that the worst of the volatility caused by the US subprime mortgage crisis is now over.
Goldman Sachs acts to support troubled fund
Goldman Sachs has led a $3 billion bailout of one of its own hedge funds after market turbulence lost it almost half its value - much of it in the last week.
Credit Suisse expands algorithmic trading business
Credit Suisse has launched its algorithmic trading business, Advanced Execution Services (AES) in seven new markets: Canada’s Venture Exchange, the Czech Republic, Greece, Hungary, Malaysia, Mexico and South Africa.
Mifid Connect issues guidance on suitability checks
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Retail banking compliance survey: a reality check
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