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RBS combines CDO/CLO business with MBS/ABS division in Asia
The Royal Bank of Scotland (RBS) has combined its Asian collateralised debt obligation and collateralised loan obligation business with the mortgage-backed/asset-backed securities (MBS/ABS) product business under Byron Holmes, Tokyo-based head of Asia…
Vattenfall Trading founds shipping company
Vattenfall Trading Services has founded Copenhagen-based shipping company VT Shipping after acquiring three barges and three tugs from a Danish shipping company late last year.
RWE and E.ON team up for UK nuclear projects
German utilities RWE and E.ON have formed a joint-venture to develop new nuclear power stations in the UK.
Deutsche Bank expects €4.8 billion Q4 loss
Deutsche Bank announced on Wednesday it anticipates a €4.8 billion loss in the fourth quarter of 2008, which would mean a full-year loss of €3.9 billion.
Standard Chartered chairman joins UK government
Standard Chartered's non-executive chairman, Mervyn Davies, has stepped down to join the UK government as minister for trade promotion and investment.
SGX appoints Foo head of operations
The Singapore Exchange (SGX) has appointed Benjamin Foo as head of operations.
BIS elects new chairman
Daily news headlines
DNV suspension hits CER issuance pipeline
The suspension of CDM project verifier DNV will cause further delays in the CER pipeline, though the market remains robust, finds Katie Holliday
Clean and transparent
The process of approving CDM projects, though generally much quicker than it used to be, is still not as transparent as people would like, finds Katie Holliday
UniCredit names head quant
Dong Qu has joined UniCredit in Milan as global head of quants.
Lehman EM head reappears at Standard Chartered
Mohammed Grimeh, former global head of emerging markets at collapsed dealer Lehman Brothers, has been appointed as head of trading and deputy head of global markets for the Americas at Standard Chartered.
RWE to buy Essent
Germany's RWE is buy Dutch utility Essent in an all-cash €9.3 billion deal. Essent will become RWE's operating company in the Netherlands and Belgium, and will continue as an independent entity.
Craddock named as Oppenheimer's new risk head
Oppenheimer Funds, based in New York, has named Geoffrey Craddock as director of risk management and asset allocation.