Barclays
FSA fines Barclays £2.45m for transaction reporting failings
Barclays is fined by the UK regulator over reporting failures, and systems and controls weaknesses
Barclays Wealth launches protected kick-out investment
Barclays Wealth has launched a new protected kick out investment linked to the FTSE 100 index for UK investors. The FTSE Generator Bond deposit structure has the potential to kick out halfway through its six-year tenor and capital is 100% protected at…
Market snapshot
Tim Mortimer of Future Value Consultants looks at the pricing issues for structured products in different markets and provides his trade of the month
Positive second-quarter results continue
UK and European banks have posted positive latest second-quarter results, led by strong investment banking revenues - but suffered from tightening credit spreads.
Banks' own credit risk hampers financial results
Own credit risk - the concept of including the credit risk of an institution in the measurement of the liabilities it issues - had a significant impact on banks' profits in the first half of 2009, as credit default swap (CDS) spreads referencing banks'…
Five years and six options
Barclays Bank has issued a five-year product that allows investors to choose the level of protection required and achieve a higher participation rate if they opt for a lower level. Each of six versions of the product has an option on the FTSE 100
Market snapshot
Tim Mortimer of Future Value Consultants looks at the pricing issues for structured products in different markets and provides his trade of the month
Eurozone dips into deflation, but high inflation still a risk
Inflation in the eurozone turned negative in June for the first time since the single currency was set up in 1999, but rising commodity prices are likely to push inflation back up soon across the world, some analysts believe.
Barclays ATM fault affects millions of consumers
Daily news headlines
US Wrap: Gas and gold in reverse convertibles
Barclays Bank has issued a reverse convertible note offering exposure to the US Natural Gas Fund, which tracks the movements of natural gas prices. The note lasts one year and pays an annualised coupon of 20%. It will convert into stock if the fund slips…
Cooke joins Barclays Wealth
Daily news headlines
US Wrap: Out comes Barclays again, with plethora of reverse convertibles
Barclays Bank's set of product offerings bloomed as the issuance week in the US as the week drew to a close. The UK bank produced a sequence of reverse convertibles that concentrated mainly on energy stocks, although with many other sectors represented:…
New chief risk officer for Barclays Wealth
Mark Cooke has been appointed global chief risk officer at Barclays Wealth, the wealth management arm of Barclays Bank.
US Wrap: JP Morgan launches kickout on gold equity fund
JP Morgan has unveiled a new autocallable note linked to the Market Vectors Gold Mining ETF. The 18-month investment will pay a coupon of 5.25-6.25% if the fund is at 100% of its initial level after three months. If not, the product will continue to its…
No looking back
Profile: John Whittaker
Holding counterparty risk at arm’s length
Exchange-traded funds have been as exposed to talk of counterparty risk as the next structured product, although the risk is lower. Under the European Union's Undertakings for Collective Investment in Transferable Securities III regulations, ETFs are…
CDSs on UK financials widen
The cost of credit protection on major UK banks rose this morning. The move came on the back of Standard & Poor's putting UK sovereign debt on negative ratings watch last week.
CDSs on European and US banks continue to widen
The cost of credit protection on financial institutions increased today across Europe and the US. The move came after the Bank of England's quarterly inflation report showed UK GDP growth was slower than expected in the first quarter of 2009 yesterday,…