11 articles found within the last year.
Displaying results 1 - 11
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Europeans in the firing line as Fed bails out AIG
European banks could face billions of dollars in ... According to one analyst close to the situation, ... One source at a European financial institution said: ... AIG said in the filings that the trades ... AIG had over $30bn of imminent financial liabilities, ... In a statement AIG said it had recently...
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UK regulator blasts retail structured products
The UK's Investment Management Association, the trade body ... According to the IMA, some structured products - ... Richard Saunders, IMA chief executive, said: "While the ... Structured products, very popular among continental European investors, ... According to figures from StructuredRetailProducts.com, sales have grown...
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Credit Suisse unveils new co-heads of derivatives sales
Credit Suisse has named two new co-heads of ... In an internal memo seen by Financial News/Wealth ... Yem runs the SSDS division for Europe and ... The new appointments come two weeks after Credit ... He reports directly to Gael de Boissard and ... Porath, who formerly headed Credit Suisse’s European strategic...
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European retail structured products market doubles
European retail investors bought €270bn ($398bn) in structured ... The figure is based on reported sales volumes ... The consultancy extrapolated from that figure to come ... Greenwich consultant Andrew Awad said it was a ... The figure does not include direct sales by ... Volumes are expected to continue to grow as...
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Property derivatives hold firm as real estate values fall
Trade in property derivatives increased in the second ... According to the Investment Property Databank, £1.9bn was ... The majority of the trades were in the ... However, the increase in trade in property derivatives ... In the second quarter of the year, there ... Capital values fell -4.0% for the three months,...
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Italian police raid Milan offices of four foreign banks
The Italian tax police yesterday raided the Milan ... Sources with knowledge of the situation said the ... The investigation by prosecutors surrounds a possible fraud ... The raid comes a month after members of ... JP Morgan, Deutsche Bank, UBS and Depfa Bank ... The four banks were joint bookrunners for the...
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Hong Kong may launch oil futures market
Hong Kong has become the latest state to ... The absence of a market that takes into ... "It is increasingly important for China to develop ... Hong Kong's robust legal and regulatory framework makes ... Oil prices have surged since breaking through $100 ... The US Commodity Futures Trading Commission last month...
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OECD warns on equity structured products
European banks must turn their attention to the ... Speaking on the sidelines of the International Organisation ... Adrian Blundell-Wignall, deputy director of financial and enterprise ... Structured products sold by banks to retail investors ... Hedge funds and other asset managers are often...
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Courtiers sees derivatives lead over multi-manager strategy
Courtiers Investment Services, the derivatives-based wealth management firm, ... Gary Reynolds, director and chief investment officer for ... Reynolds said: "We feel that derivatives offer access ... “I think derivatives will be favoured by the...
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Credit Suisse makes third Asia hire from Swiss rival
Credit Suisse has hired its third Asia-based banker ... Keisuke Tomimatsu will join Credit Suisse's Tokyo office ... The new departure comes a month after the ... Sakthi Siva, UBS’s chief strategist in Asia, joined ... UBS's Asian operations have suffered a steady stream...
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Credit portfolio investors unprepared for fresh crisis
About half of some 60 credit portfolio managers ... In an annual survey, published yesterday, from three ... Trade bodies the International Association of Credit Portfolio ... Credit portfolio managers at financial institutions have traditionally ... Som-lok Leung, executive director of the IACPM, said:...
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