Risk magazine
Tranche trauma
Correlation
A two-front war
Risk inter-dealer rankings 2007 brokers
The right time
This year marks the thirtieth anniversary of the inception of legendary proprietary derivatives trading company O'Connor & Associates. Jayne Jung talks to Michael Greenbaum, one of the founders, and some of the early partners
Subprime crisis forces carry trade unwinds
Recent turmoil in the credit markets caused by US subprime mortgage woes has spread to the foreign exchange market, with abrupt adjustments in the values of currencies indicating that some investors have been unwinding carry trade positions over the past…
S&P president departs as criticism of rating agencies continues
Kathleen Corbet, the president of rating agency Standard & Poor's, has resigned.
RBS adds Nordea trio in financing and risk solutions
Royal Bank of Scotland (RBS) has added three staff from Stockholm-based Nordea to its financing and risk solutions team.
UK pensions still exposed to volatile equities
Many UK pension schemes still face pension deficit volatility as a result of mismatches between assets and liabilities, according to a report by Mercer Human Resource Consulting.
Subprime crisis "worse than 1998", says S&P
The continuing crisis in US subprime mortgages could be worse for the market than the 1998 Russian default, according to rating agency Standard & Poor's.
Layoffs at RBS herald tough times for CDO bankers
Royal Bank of Scotland has laid off a quarter of its New York collateralised debt obligation team, following the departure of Rick Caplan, the bank's co-head of CDOs, earlier this month, in what could be the first of a wave of cuts in the structured…
Rating agencies assess money markets
In two conference calls last week, Fitch Ratings and Moody’s sought to capture the effect of the commercial paper (CP) market's lack of liquidity on the wider banking outlook.
SEC names market surveillance chief
The US Securities and Exchange Commission (SEC) has confirmed Mark Lineberry as head of its office of market surveillance.
Rothwell departs BarCap for JP Morgan
Giles Rothwell will join JP Morgan as global head of structured investments distributor marketing in November, leaving a similar position at Barclays Capital, where he has spent the past 11 years.
Two new hires at BNP London
BNP Paribas has added another researcher to its credit team, and has recruited a risk adviser for its corporate fixed-income group.
Bear Stearns names head of European fixed income
Yves Leysen has taken over as sole head of fixed income for Bear Stearns in Europe, after the departure of John Moore.
DIFX boosts structured products
The Dubai International Financial Exchange (DIFX) has opened its new structured products platform for retail trade, and added products based on local underlyings for the first time.
Credit fears subdued by BoA investment in Countrywide
Dealers believe the $2 billion investment by Bank of America in troubled California-based mortgage lender Countrywide Financial helped ease credit worries during morning trading in Europe.