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Merrill Lynch completes Entergy-Koch takeover
Investment bank Merrill Lynch today completed its acquisition of Entergy-Koch Trading (EKT), a venture of New Orleans-based energy company Entergy Corp and Kansas-based Koch Industries (see Energy Risk , October 2004, p.6).
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GFI boosts Fenics foreign exchange options pricing team
GFI Group, the inter-dealer broker and market data company, has hired three new staff for its Fenics foreign exchange options pricing system.
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Merrill Lynch poaches DrKW prime broking heads
US investment bank Merrill Lynch has hired Paul Dackombe and Gary Francis to head up its prime brokerage business.
DrKW boosts credit and derivatives sales and marketing
Dresdner Kleinwort Wasserstein (DrKW) hired five new staff to beef up its credit and derivatives sales and marketing team.
Rounding up the black sheep
The collapse of BCCI in 1991 provided much of the impetus for Basel II's home-host regulatory framework. But supervisors say that recognising the need for regulatory co-ordination is just a first step in a long journey.