Bank of America
CDS IndexCo and Markit launch synthetic US CMBS index
CDS IndexCo and Markit have launched CMBX, a range of synthetic credit default swap (CDS) indexes of US commercial mortgage-backed securities (CMBS), which will trade from today.
Bank of America loses credit correlation trading head
Alexandre Bernand, the London-based global head of credit correlation trading at Bank of America, has resigned.
BoA supplements global forex team
Bank of America (BoA) has beefed up its foreign exchange capabilities during the past month by making a number of new staff hires.
BoA mis-states derivatives positions by $345 million
Bank of America has contravened Financial Accounting Standards Board (FASB) rules regarding its treatment of derivatives instruments and will recalculate all of its financial statements since 2002.
Isda, ICMA and TBMA form joint capital markets body
Three capital markets associations are to form a joint body that aims to streamline industry-wide co-operation between the derivatives, securities and bond markets. The Global Capital Markets Board (GCMB) will develop a common policy on market,…
StanChart appoints three in FX and rates
Standard Chartered has made three new appointments to its foreign currency options and interest rates derivatives desks based in London.
Bank of America takes on HSBC metals group
Bank of America has recruited Peter Merritt to head a new metals trading team. Merritt, previously head of global metals at HSBC, will bring a team of metals traders and marketers with him from HSBC to Bank of America's New York office.
IIC launches euro iBoxx ABS index
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each…
Sponsor's article > Bank of America Selects SunGard’s BancWare for Basel II Compliance and Reporting
SunGard today announced that Bank of America has extended its relationship with SunGard with the selection of the BancWare Capital Manager (previously called Basel II Capital Manager).
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.
Basel II to encourage smaller banks to invest in risky assets
The new Basel II capital rules will encourage smaller banks to invest in riskier assets, according Peter Plaut, a managing director in fixed income research at Bank of America in New York.
Basel II to encourage smaller banks to invest in risky assets
The new Basel II capital rules will encourage smaller banks to invest in riskier assets, according Peter Plaut, a managing director in fixed income research at Bank of America in New York.
BNP Paribas bolsters US equity derivatives team
Greg Hurley has joined BNP Paribas' equity derivatives business in New York, where he will head the single-stock trading team. Hurley moves from Merrill Lynch, also in New York, where he was a director in the bank's global linked equity derivatives group.
Risk and responsibility
A growing number of banks are producing sustainability reports detailing their environmental and socially responsible initiatives. Is this just slick PR or has sustainability become an important risk management consideration? Clive Davidson investigates
Under Scrutiny - Regulators focus on credit
Well-publicised risk issues and a recent growth spurt have brought credit markets firmly under the scrutiny of global regulators. Nikki Marmery investigates whether the attention will prove to be a boon for attracting more investment - or a barrier to…
Major dealers issue joint letter to Fed on credit derivatives
The New York Federal Reserve meeting with 14 major dealers on September 15 appears to have succeeded in coercing the industry into taking more concerted action to tackle the mounting problems in credit derivatives confirmation backlogs. Following the…
Isda’s ‘novation protocol’ aims to tackle derivatives backlogs
The world's major derivatives dealers have signed up to the International Swaps and Derivatives Association’s long-awaited ‘Novation Protocol’, which seeks to facilitate the transfer of existing trades to third parties.
MarketAxess launches CDS index trading platform
MarketAxess has launched a multi-dealer credit default swap (CDS) index trading service in London and New York. The New York-based company is targeting end-users to use the service.
Banc of America hires eight for European equity team
Banc of America Securities has taken on eight traders and marketers to increase the size of its London-based European equity derivatives team.
Goodman to head emerging market FX at BoA
Bank of America (BoA) has recruited Lawrence Goodman, formerly a US government economist, to head its global emerging market foreign exchange team.
RBS raids Shinsei to establish leveraged finance business in Tokyo
Royal Bank of Scotland (RBS) has poached an eight-strong team from Shinsei Bank in Tokyo to extend its leveraged finance business into Asia.
Barclays Capital continues to build equity derivatives unit
Barclays Capital has continued the expansion of its equity derivatives department with the appointments of Ed Ware, Javier Martin and Tetsuo Majima.
Merrill Lynch Investment Management builds structured products team
Merrill Lynch Investment Management has lured Fernando Guerrero, a collateralised debt obligation (CDO) specialist, away from ABN Amro to head its planned structured products team in New York.
JP Morgan bolsters derivatives marketing business
JP Morgan has hired four derivatives marketers for its streamlined derivatives marketing unit, including two managing directors from Deutsche Bank. They are the first significant appointments by the US investment bank since a steady stream of senior…