Risk magazine
Ted spread hits new high
The Ted spread, which tracks the difference between three-month Libor and US Treasury bills, continued to smash previous records as it hit an all time high of 3.93% at 1300 London time today.
CDS spreads on US banks tighten
Credit default swap (CDS) spreads on several US and European institutions tightened by close of trading on Friday as the impending bailout bill and a number of government initiatives restored confidence in the markets.
BNP to liquidate Fortis' €10.4 billion toxic assets
BNP Paribas plans to liquidate €10.4 billion in impaired assets left ringfenced after the breakup of the Benelux bank Fortis, chief executive Baudouin Prot said this morning.
LCDX index roll postponed indefinitely
London-based data provider Markit is postponing the roll of its LCDX index of 100 North American loan credit default swaps (LCDSs) until negotiations for a new single-name US LCDS contract are finished.
Hypo Real recieves €50 billion bailout
The German government, along with Deutsche Bundesbank, financial regulator BaFin and a number of German banking and insurance representatives, has agreed on a €50 billion rescue package for property lender Hypo Real Estate after an earlier bailout…
Fear of tail risk drives new derivative product
A new derivative product will allow buyers and sellers to take levered positions on equity and exchange-traded funds without worrying about tail risk, its designer says.
SEC extends short selling ban
The US Securities and Exchange Commission (SEC) has extended its ban on the short selling of financial stocks to October 17, in order to give the US Congress time to vote through measures aimed at stabilising the financial markets.
CDS spreads on Icelandic banks hit new highs
The injection on Monday of €600 million from the Icelandic government to acquire 75% of Glitnir Bank has done nothing to ease fears over the bank’s future. Glitnir’s five-year credit default swap (CDS) spreads are now the highest of any European bank,…
"Fear gauge" at record high in interbank lending market
The TED spread, which tracks the difference between three-month Libor and US Treasury bills, hit a new high today - 3.81%, the widest level since records began in 1984.
Bank of England extends eligible collateral for repo facility
The Bank of England (BoE) on Friday extended the range of collateral eligible for its weekly sterling three-month repo facility to include AAA-rated asset backed securities (ABSs) of corporate and consumer loans and highly rated asset-backed commercial…
Greece follows Ireland's lead in savings guarantees
Greek finance minister Giorgos Alogoskoufis said yesterday the Greek government would guarantee its citizens' savings, following the decision of the Irish government to do the same earlier this week.
CDS spreads widen despite bailout approval
Credit default swaps (CDSs) on a number of major dealers widened yesterday in spite of the US Senate vote on a revised $700 billion financial rescue plan.
AHL names new head of quantitative credit strategies
Richard Martin has moved from Credit Suisse to become head of quantitative credit strategies at AHL, an investment division of Man Investments.
More jobs to go at Lehman Brothers
Following Lehman Brothers’ filing for Chapter 11 bankruptcy on September 15, the bank's failure has hit its employees hard, with further redundancies announced earlier this week.
Hope for markets as Senate rescues bailout
Financial stocks rose this morning in Europe after the US Senate passed an amended version of the planned $700 billion financial bailout bill.
Strain persists on interbank lending
Instability in the interbank lending markets continued today, despite the approval of the revised $700 billion bailout legislation by the US Senate.
Iosco group to turn spotlight on commodity markets
The US Commodity Futures Trading Commission and the UK Financial Services Authority are to lead a new international regulators' group overseeing the commodity markets.
Higher and higher
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Under scrutiny
Hedge fund regulation
Keep what you sow
Regulatory capital
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