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Berating agencies

Rising delinquencies in the US subprime mortgage sector have triggered a flood of downgrades by credit rating agencies. As a result, confidence in ratings has been shaken, and they have come under fire from investors and regulators. Is the criticism…

The right time

This year marks the thirtieth anniversary of the inception of legendary proprietary derivatives trading company O'Connor & Associates. Jayne Jung talks to Michael Greenbaum, one of the founders, and some of the early partners

Layoffs at RBS herald tough times for CDO bankers

Royal Bank of Scotland has laid off a quarter of its New York collateralised debt obligation team, following the departure of Rick Caplan, the bank's co-head of CDOs, earlier this month, in what could be the first of a wave of cuts in the structured…

Rothwell departs BarCap for JP Morgan

Giles Rothwell will join JP Morgan as global head of structured investments distributor marketing in November, leaving a similar position at Barclays Capital, where he has spent the past 11 years.

Two new hires at BNP London

BNP Paribas has added another researcher to its credit team, and has recruited a risk adviser for its corporate fixed-income group.

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