AMA, RCSAs and dealing with Libor at Rabobank
Dutch bank Rabobank has shaken off its Libor label pretty quickly, leaving it to focus on its co-operative roots, the AMA and its RCSA roll-out. Anne Snel-Simmons, head of operational risk management at Rabobank, talks to OpRisk about the challenges of…
COO at Barclays Wealth leaves following critical report
Andrew Tinney resigns after suppressing unflattering report into Barclays Wealth culture
Libor in need of ‘massive makeover’, CFTC’s Chilton says
CFTC's Chilton says a complete overhaul of Libor is needed - including distancing it from the BBA
Where the buck stops
Where the buck stops
Bank of England’s Tucker asks to appear before Libor inquiry
BoE deputy governor asks to appear “as soon as possible” following calls for the Bank to explain Diamond conversation
Barclays’ Diamond argues case for universal banking
Barclays' chief executive Bob Diamond adamant bank’s model funds cheaper lending and is less risky
Barclays Capital expands executive committee
Barclays Capital has added eight managing directors to its executive committee, after completing the integration of Lehman Brothers' US investment banking and capital market businesses.
Solent brings in CFO
Solent Capital Partners, the London-based collateralised debt obligation and hedge fund manager, has hired Desmond Dundon as its chief financial officer, from Merrill Lynch.
Del Missier and Kvalheim named co-presidents of BarCap
Jerry del Missier and Grant Kvalheim have been named co-presidents of Barclays Capital amid wider organisational changes at the UK bank. Both will report to Robert Diamond, president of Barclays.
Barclays appoints Diamond to board
Bob Diamond, one of the architects of Barclays Capital's derivatives business, was formally appointed to the board of the Barclays Group today, and takes on the additional role of group president.
BoA wins $17.85m weather derivatives lawsuit
Diamond State Insurance, a unit of Cayman Islands-domiciled United National Group (UNG), has agreed to pay Bank of America (BoA) $17.85 million to settle its claims over a series of weather derivatives policies written through the now defunct Customized…
Insurers to sue Worldwide Weather Trading for fraud
A number of insurance companies have been granted the go-ahead by the Nassau County Court in New York to launch a lawsuit against Worldwide Weather Trading (WWT), alleging the company fraudulently sold weather derivatives policies. The plaintiffs will…