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Risk magazine

Risk technology rankings 2008

In unprecedented market conditions, Murex retained its top position in Risk's 2008 technology rankings. However, Thomson Reuters and Algorithmics are close behind, demonstrating that, despite the financial crisis, competition among software vendors…

Daiwa hires Cope to strengthen equity business

Daiwa Securities SMBC, the Japanese investment bank, has appointed Andrew Cope in the newly created role of head of secured equity financing and supply for the bank's global equity finance department, as part of broader efforts to bolster the firm's…

AIG sells Swiss private bank

AIG, the beleaguered US insurance giant, today announced the sale of its Swiss subsidiary AIG Private Bank to Aabar Investments, the United Arab Emirates investment company, for a provisional Sfr307 million ($254 million).

Interbank lending remains steady

The interbank lending markets were stable this morning. The Ted spread, which tracks the difference between three-month Libor and US Treasury bills, was at 2.18% at 12.50pm London time today, unchanged from Friday's close.

UK CDS spreads up

The cost of credit protection on UK banks increased in early trading this morning, while US financial institutions experienced mixed market sentiment.

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