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EEX and Powernext's agreement to share their electricity spot and derivatives markets represents groundbreaking Franco-German energy market co-operation. The CEOs of both exchanges talk to Roderick Bruce about the challenges involved and what the merged…
Demise of UK suppliers hits end-users hard
The near-simultaneous bankruptcies of the UK's only two independent energy suppliers has exposed problems in market frameworks and added to challenging operating conditions for end-users, finds Roderick Bruce
Deutsche Bank structured equity sales head departs amid cuts
Kim Gayer has left his position as managing director and global head of structured equity sales at Deutsche Bank, a role which was based in London. The bank declined to comment on his departure.
SEC toughens rules for credit rating agencies
Daily news headlines
Legal action spreads to losses on Lehman exchange-traded notes
Arbitrations in the US have now expanded to recovering losses made as a result of investments in Lehman exchange-traded notes (ETNs). Around 20 law firms are now investigating the sale of principal protected Lehman notes (PPNs) in the US, which have been…
SEC votes to tighten rules on rating agencies
The US Securities and Exchange Commission (SEC) voted yesterday for new rules governing rating agencies, aimed at reducing conflicts of interest in the ratings process.
Banks cut staff in Europe and US
More European and US banks joined the growing list of institutions to cut staff in the wake of the financial crisis.
Five new partners for Arch Financial Products
London-based asset-managers, Arch Financial Products, last week appointed five new partners to expand its Middle Eastern and Asian operations.
Exotic derivatives head steps down at Citi
Alberto Cherubini, the former London-based head of exotic equity derivatives trading for Europe at Citi, has taken voluntary redundancy in order to pursue outside interests.
Bank of Japan steps up support for corporate borrowing
The Bank of Japan will accept BBB-rated corporate debt as collateral for loans for the first time, in an effort to aid companies struggling for financing.
Challenges abound in 2009
Everyone agrees that 2009 will be a challenge. Just how different the financial markets and overall environment will be for hedge funds is an open question. Some of the leading figures in the industry tell Hedge Funds Review reporters what they foresee
Electronic platforms: Riding out the storm
Electronic platforms