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Nomura names equity heads for Asia and Europe
Japanese bank Nomura has named new heads of equity for Asia and Europe, who will take up their posts on November 1, as it continues to integrate the former Asian and European operations of Lehman Brothers which it acquired in September.
Increased regulation for hedge funds on the way, says FSA’s Sants
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Treasury names interim CIO for Tarp
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ING’s CFO departs after it received €10 billion from Dutch government
John Hele, chief financial officer of financial services group ING, will leave the firm following the company’s agreement on October 19 to receive a €10 billion capital injection from the Dutch government.
Lake joins RBS as a UK derivatives sales head
David Lake has joined Royal Bank of Scotland as head of equity derivatives and structured products sales UK and Ireland.
ANZ appoints Asia-Pacific CRO
Australia and New Zealand Banking Group (ANZ) have appointed Nigel Denby to the role of chief risk officer, Asia Pacific.
Semonin leaves BNP to set up hedge fund
Lionel Semonin, global head of commodity investor derivatives at BNP Paribas in London, has left the bank to set up a commodity hedge fund in Singapore.
US Treasury changes course on Tarp CIO
The US Treasury yesterday unveiled James Lambright as interim chief investment officer for the Troubled Asset Relief Program (Tarp), after changing its original decision to appoint undersecretary Reuben Jeffery.
Ambac appoints new CEO
David Wallis has been promoted to chief executive officer of Ambac Financial Group, the holding company of monoline insurer Ambac Assurance.
Jefferies recruit ex-Lehman banker in derivative sales
Jefferies and Company, the New York-based investment bank, has appointed Jason Roelke as managing director and head of derivative sales.
Bank of America names post-takeover leaders
Several Merrill Lynch executives will step into leadership posts after the bank's $50 billion takeover by Bank of America, set to close in the first quarter of next year.
Nymex announces job cuts
Nymex is to make 150 job cuts over the next 18 to 24 months as a result of its acquisition by CME Group in August 2008.
CFO replaced in compensation probe at AIG
AIG, the US insurance giant, has appointed David Herzog executive vice president and chief financial officer (CFO), replacing the acting CFO, Steven Bensinger, who will leave the company. The announcement followed a letter from the New York attorney…
Caisse d'Epargne management step down after losses
The chairman, chief executive and chief finance officer of Caisse d'Epargne have resigned after the bank admitted it had lost €600 million in unauthorised equity derivative trades.
Caisse D’Epargne hit by unauthorised derivatives loss
Caisse D’Epargne, set to become the second largest retail bank in France if a proposed merger with Banque Populaire goes ahead, today revealed losses of €600 million on its equity derivatives book.
Q & A: CESR chairman Eddy Wymeersch
Eddy Wymeersch, chairman of the Committee of European Securities Regulators (CESR), talks to Risk about the effects the financial crisis will have on regulators and central banks.
Bank of England appoints new financial stability head
Andrew Haldane will replace Nigel Jenkinson as executive director for financial stability at the Bank of England from January 1 2009.
G-7 plan of action
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$700bn Tarp might only take equity in healthy banks, hints US Treasury
As well as buying up mortgage-backed securities, the US Treasury’s $700 billion rescue facility - the Troubled Asset Relief Programme (Tarp) will be used to buy equity in a variety of financial institutions. However, Tarp will be "designed with…
FSF releases update on April recommendations
The Financial Stability Forum (FSF) – - on October 10 released a follow-up to its April white paper, Enhancing Market and Institutional Resilience.
RBS and HBOS bosses quit
The top executives at two of the UK’s biggest banks are to go following the announcement of a £37 billion government rescue package.
Ex-Lehman banker joins Standard Chartered
Christian Wait, former New York-based global head of credit sales at Lehman Brothers, has been appointed global head of capital markets at Standard Chartered, the emerging markets-focused bank listed in London and Hong Kong.
Fed discusses CDS clearing house options
The Federal Reserve Bank of New York is today in discussions with interested parties over the establishment of a central clearing house for credit default swaps (CDSs).