-
Efforts to craft bipartisan financial legislation apparently have failed, with Sen. Christopher Dodd (D-Conn.) announcing he would unveil his own bill Monday.
-
Sens. Jeff Merkley (D-Ore.) and Carl Levin (D-Mich.) have introduced legislation that would broaden the so-called Volcker Rule, which would bar banks from engaging in proprietary trading.
-
A federal appeals court has upheld a lower court decision that Citigroup Global Markets does not have to enter arbitration with a hedge fund involving a credit default swap that charges the Citi subsidiary with violating an agreement resulting in a USD10 million payment to a different subsidiary of the bank.
-
Four member states have called on the E.U. to launch an inquiry as soon as possible into “the role and impact of speculative practices” in connection with credit default swaps trading in government bonds.
-
The Depository Trust & Clearing Corporation's Trade Information Warehouse supported the processing and recordkeeping of more than 2.2 million contracts, worth more than USD25.1 trillion last year.
-
Nomura Securities International has expanded its newly created U.S. convertible bonds sales and trading team with six new hires.
-
London-based Mint has hired David Ezra and Bruno Choumon to form a structured credit and illiquid-bonds team.
-
GoldenTree Asset Management has named Tom Humphrey as partner and a member of its executive committee to expand the credit-focused hedge fund.
-
Greece may be calling for a ban on naked sovereign credit default swaps, but some experts said the CDS may have helped prevent the financial crisis in the country from getting worse.
-
Newedge USA has finalized its membership with the International Derivatives Clearing Group, thus allowing it to clear interest-rate swaps.