Wells Fargo
Financials and tourism the latest picks for US structured product underlyings
Of the 91 structured products filed last week with the US Securities and Exchange Commission, more than 40 were reverse convertibles and nine were digitals. Financials and tourism were the most popular underlyings
SEC subpoenas Wells Fargo in fraud investigation
Bank accused of failing to provide necessary evidence
UBS offers lion's share of latest structured products registered in the US
Thirty-one structured products were registered with the US Securities and Exchange Commission on March 9, with UBS providing nine autocallables and reverse convertibles
Wells Fargo issues correlation structures and keeps up with longer tenors
Two of the latest structured products Wells Fargo has registered in the US public market are based on multiple underlyings, making a play on correlation. The supply registered with the US Securities and Exchange Commission on March 8 includes 88 new…
HSBC voted best for retail structured products in Greenwich Associates survey
HSBC leads the Greenwich Associates survey rankings for retail structured product quality, while Barclays Capital has the best-known franchise among distributors and BNP Paribas retains top spot in Europe
Wells Fargo: late entrant to the OTC clearing race
A credible competitor
Risk head leaves Isda
David Murphy leaves Isda, to be replaced on an interim basis by Peter Sime, the association's recently appointed head of research
Promontory hires Newman and Gould to lead greater China office
Frank Newman, former US Treasury deputy secretary, and Ronald Gould, ex-UK FSA senior adviser, join the consultancy's China operations
Barclays takes its turn to dominate issuance with resource and energy reverse convertibles
Barclays has issued a swathe of reverse convertibles, while HSBC and Wells Gargo are extending tenors on leveraged products.
Wells Fargo agrees $11 million SEC settlement over CDO sales
US SEC claims Wells Fargo Securities, formerly Wachovia Capital Markets, violated securities laws when selling CDOs tied to the ailing housing market
$10 million identity fraud ring smashed by US authorities
Schemes involved staff from 11 high-profile US banks
US foreclosures crisis is result of 'overall operational failure'
Imprudencies of scale
Real estate emerges as a theme for US structured products
Real estate is gaining popularity as an underlying, with a handful of products tracking iShares Dow Jones Real Estate Index fund in recent issuances.
Lifemark investors low down in pecking order for payouts
Lifemark investors low down in pecking order for payouts
Wells Fargo: Including ETFs
Including ETFs
Nomura hires convertible bond head
New convertible bond specialist for Nomura
US wrap: Structurers deploy longer maturities to tackle low interest rates
Longer tenors are proving attractive to investors hunting for yield as low interest rates prevail in the US
US Wrap: Wells Fargo offers accelerated US equity returns
Wells Fargo is the only issuer of publicly registered structured products in the US as volumes tail off
Janus Capital recruits Threadneedle sales manager
Janus Capital nabs Steven Bilodeau from Threadneedle's Frankfurt office.
Banks fail to exploit market for smartphone apps
Third parties are developing downloadable applications (apps) for banking, leaving banks lagging behind
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Structured Products Americas Awards 2010