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Lehman removes president and CFO as share plunge continues
Troubled Wall Street firm Lehman Brothers, still reeling from the announcement that it expects to report a $2.8 billion loss for the second quarter, its first quarterly loss since going public 14 years ago, has relieved two senior managers of their…
FSA chairman gets tough on liquidity issues
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EDF Trading’s Nordic office commences business
EDF Trading, the subsidiary of EDF responsible for wholesale energy market activity, announces the opening of its Nordic office in Oslo, Norway
New Iosco chief confirmed
Michel Prada, president of the Autorité des Marchés Financiers - the French regulator - has stepped down from his additional role as chairman of the technical committee for the Madrid-based International Organisation of Securities Commissions (Iosco).
Jacquard joins BNP
Benjamin Jacquard has joined BNP Paribas as its new global head of structured credit and arbitrage trading.
Former Citi CDO head joins Babson Capital Europe
Andrew Godson, who ran the syndicate desk for collateralised debt obligations and structured credit in Europe at Citi, has left the bank.
Companies more willing to make senior management changes
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Société Générale CIB adds in equity derivatives
Arié Boleslawski has joined Société Générale Corporate & Investment Banking as head of the exiotic trading desk for equity indexes and funds in Europe, and Selim Mehrez has joined as head of pricing and new products for equity derivatives in Europe.
FSA enlists industry experts
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Cultural change prescribed in response to subprime losses
As banks and other market players seek to close risk management loopholes exposed by tottering markets, some post-mortems are homing in on a broader issue: corporate culture.
Weather derivatives trading increases 35% year on year
Trading volumes of weather derivatives have increased 35% year on year, according to a survey by the Weather Risk Management Association (WRMA).
Péretié to replace Mustier at SG CIB
Michel Péretié has been named as the next chief executive of Société Générale Corporate and Investment Banking (SG CIB), replacing Jean-Pierre Mustier.
UK Treasury calls for more regulatory convergence
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Smith steps into the breach at Wachovia
Wachovia Corporation announced the retirement of Ken Thompson, its chief executive officer, "at the request of the board" today.
Jack Jeffery joins SuperDerivatives
Jack Jeffery, formerly chief executive officer at Icap Electronic Broking in London, has joined derivatives pricing, trading and risk management company SuperDerivatives as chief operations officer.
Three early lessons from the subprime crisis
Academic Paper