2.7.2012 |
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Brokers face new threat in high-yield trading - Financial Times
A new electronic high-yield bond platform, owned by a small independent company called Vega-Chi, aims to cut out the banking middleman
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2.7.2012 |
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LTRO-ing, with Magnus - Financial Times
Intesa Sanpaolo’s chief executive says he’ll use ECB funds to buy Italian bonds…BBVA sells the first senior unsecured bond to be issued by a Spanish bank since...
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2.7.2012 |
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Global Watchdog Says Banking Reforms Must Proceed - Wall Street & Technology
The Financial Stability Board's (FSB) chair says the weak global economy is no excuse for delaying financial system reforms.
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2.7.2012 |
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Malaysia's RHB Banking Group Deploys FX Options System - Wall Street & Technology
The fourth largest integrated banking group in Malaysia chose the latest version of GFI Group's Fenics Professional with a broad range of tools for their FX derivatives business.
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2.7.2012 |
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Cheyne Capital Deploys MarginSphere To Track Swaps Margin - Advanced Trading
The buy-side firm said the platform will help it view and respond to margin calls more efficiently.
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2.7.2012 |
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UBS Sees Stuggles Ahead for its Investment Banking Unit - Advanced Trading
UBS has struggled amid a slump in bond trading, and the firm said its outlook remains cloudy amid tougher regulations and a rough economy.
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2.7.2012 |
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MF Global Shortfall Worsened as Bankruptcy Neared - Advanced Trading
In its chaotic final days, MF Global's floundering brokerage used increasingly large chunks of customer money in an effort to keep the company afloat, creating a massive shortfall in customer funds, the trustee liquidating the brokerage has found.
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2.7.2012 |
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US dealers desert corporate bond market - Financial Times
Issuance has rallied but regulatory constraints – such as Basel III and the ‘Volcker rule’ – have hit proprietary trading desks
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2.7.2012 |
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From deposit stashing to repo lending at UBS - Financial Times
UBS announced lacklustre results on Tuesday, saying it expected further weakness in investment banking in the first quarter.But the bank also provided details of some interesting...
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2.7.2012 |
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Glaxo Has Been Repatriating Euro-Zone Cash - Wall Street Journal
Glaxo has been funneling cash back to the U.K. daily from banks in euro-zone countries as part of its strategy to reduce exposure to risks of a possible breakdown of the European monetary system.
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2.7.2012 |
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MasterCard Doubles Quarterly Payout - Wall Street Journal
The credit-card processor said it will double its quarterly dividend after a strong year in which it grew profit and revenue despite new regulations and mounting economic pressures.
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2.7.2012 |
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For Sale: AIG's Subprime Bonds - Wall Street Journal
Five Wall Street banks have been invited by the New York Fed to bid for a multibillion-dollar bundle of risky mortgage bonds it owns as a result of its 2008 rescue of AIG.
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2.7.2012 |
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Profit Falls at UBS - Wall Street Journal
Presenting its first set of earnings under new Chief Executive Ermotti, UBS reported a 76% fall in fourth-quarter net profit, as trading in shares and bonds slowed. The Swiss bank will cut its bonus pool 40%.
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2.7.2012 |
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SNB Stays Course on Franc - Wall Street Journal
The Swiss National Bank will enforce its minimum rate of 1.2 Swiss francs per euro with "utmost determination" and is ready to buy unlimited amounts of foreign currency to do so, interim president Thomas Jordan said.
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2.7.2012 |
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UBS Culls Bonuses as Profit Falls - Wall Street Journal
UBS said it will slash investment-bank bonuses by 60% this year, while the head of the unit will forgo any bonus at all following a trading scandal last September that cost the bank $2.3 billion.
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2.7.2012 |
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Challenges for MF Trustee - Wall Street Journal
A bankruptcy trustee investigating MF Global said he faces huge challenges getting back an estimated $1.2 billion in customer funds drained from the securities firm before it collapsed.
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2.6.2012 |
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Zero-based money is at risk of trapping the recovery - Financial Times
Bill Gross says low rate policy rations credit as fiercely as it does risk
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2.6.2012 |
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Scotland’s unsolicited non-rating - Financial Times
We couldn’t help but notice that the major ratings agencies were terribly coy about Scotland.From the FT:The three leading credit rating agencies – Standard & Poor’s,...
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2.6.2012 |
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Citigroup to Issue China Credit Cards - Wall Street Journal
Citigroup plans to issue credit cards on its own in China, as it looks to capitalize on the country's consumption power and expand in the world's second-largest economy.
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2.6.2012 |
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TPG Raises 4 Billion Yuan - Wall Street Journal
Private-equity firm TPG has secured about 4 billion yuan so far as it raises capital for China investments.
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2.6.2012 |
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Lazard Swings To Loss - Wall Street Journal
Lazard swung to a loss in the fourth quarter as the midsize investment bank struggled under a slump in advisory revenue and a slowdown in its asset-management business.
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2.6.2012 |
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Zero-based money risks trapping recovery - Financial Times
Bill Gross says that with a flat yield curve working as a disincentive for lenders low rate policy rations credit as fiercely as it does risk
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2.6.2012 |
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J.P. Morgan Banker Tapped for FDIC - Wall Street Journal
The White House plans to nominate former Bush administration official Jeremiah Norton to the Federal Deposit Insurance Corp., a key banking regulator.
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2.6.2012 |
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January effects in credit - Financial Times
It’s been a rather optimistic sort of January. S&P financials are finally trading above book value (but with wide variations between individual banks), junk bond issuance...
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2.6.2012 |
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Foreclosure Deal Is Closer - Wall Street Journal
Federal and state officials aim to wrap up this week a multibillion-dollar agreement with five major banks to settle probes of alleged foreclosure abuses.
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2.6.2012 |
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Forex Volume Drops for First Time Since 2009 - Wall Street Journal
Global foreign-exchange trading volume dropped for the first time since the financial crisis, according to data released Monday by four major central banks.
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2.6.2012 |
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Global Economy Weekahead: Europe's shadow darkens outlook - Advanced Trading
A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.
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2.6.2012 |
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Greek Leaders Delay Talks on Reform - Wall Street Journal
A meeting between Prime Minister Lucas Papademos and other Greek political leaders over a reform program demanded by the country's creditors has been pushed back a day.
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2.6.2012 |
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MF Funds Missing Days Before Bankruptcy - Wall Street Journal
The trustee overseeing the liquidation of MF Global's brokerage said a shortfall of customer funds existed five days before the company failed, growing in size until it filed for bankruptcy protection.
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2.6.2012 |
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BofA Ends Sale of MBNA Europe - Wall Street Journal
Bank of America has abandoned the sale of MBNA Europe, the bank's credit-card business in the U.K. and Ireland.
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2.6.2012 |
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Tesco Delays Launch of U.K. Current Accounts - Wall Street Journal
U.K. supermarket giant cites difficulty for customers to switch banks for offering's pushback to 2013.
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2.6.2012 |
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Rate Probe Keys On Traders - Wall Street Journal
Investigators in a world-wide probe of how crucial interest rates are set are focusing on a small number of traders suspected of trying to influence other bank employees to manipulate the rates.
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2.6.2012 |
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The unemployment exit race and structural impairment - Financial Times
We found a couple of items from a Credit Suisse note commenting on Friday’s jobs report to be interesting and worth discussing in some detail.First is a bit of commentary...
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2.6.2012 |
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Further further reading - Financial Times
For the commute home, - How the business of international banking has changed over time.- Calculated Risk calls a housing price bottom: March of this year.- US economic conditions improving....
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2.6.2012 |
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Challenges for MF Trustee - Wall Street Journal
A bankruptcy trustee investigating MF Global said he faces huge challenges getting back an estimated $1.2 billion in customer funds drained from the securities firm before it collapsed.
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