Bank of America
Fears of rising interest rates spurs switch and floored note issuance
As investors seek protection against interest rate rises, Bank of America Merrill Lynch and Morgan Stanley are among the banks responding with rates products offering minimum returns.
Tradeweb launches equity derivatives platform
Tradeweb has launched an electronic equity derivatives platform in the US that offers the ability to complete transparent and timely transactions within minutes
US wrap: Investors seek safety in domestic indexes
As the US market continues to face uncertainty, the safety of domestic equities is proving attractive to investors
VAR drops in Q2 despite sovereign risk fears
Most large banks had less exposure to market risk during the second quarter, despite volatile conditions in many asset classes.
BAML continues restructure; evolves to meet regulations
Shake up designed to meet clients' needs ahead of implementation of Dodd-Frank reforms
Structural changes behind rise in long-dated skew, say dealers
Reduction in risk appetite and regulatory crackdown causing increase in long-dated skew, say equity derivatives dealers
Bank of America launches derivatives clearing
BAML is following in the footsteps of Goldman Sachs by publicising its new business
Bank of America Merrill Lynch’s data convergence initiative takes off
Aim is to provide clear and entitled connectivity for data throughout the organisation
BoA hires Michael Benz to head Merrill Lynch Asia Wealth Management
The wealth of Asia Pacific high net worth individuals (HNWI) stood at $9.7 trillion at the end of 2009, up 30.9% from a year earlier and above the $9.5 trillion held by Europe’s HNWIs, according to the Merrill Lynch CapGemini 2010 World Wealth Report
Repayment fears over China's local government debt
China’s local governments have channelled their debt through off-balance sheet financing vehicles that leave creditors little recourse to repayment in the event of default. Calls to reform this system could result in the formation of a municipal bond…
Market snapshot
The sale of structured products in the US has increased by around 36% in June and July. In the UK, the market in the same two months was characterised by the continuing dominance of capital-at-risk products.
HSBC on global hiring spree
HSBC has made a series of hires across foreign exchange trading and sales in Asia and Europe, it confirmed today (August 17).
Bank results suffer after May volatility
Short volatility positions contribute to poor equity derivatives results
Citi hires Margolis from Goldman Sachs
Latest hire in a series of senior appointments to the firm's FX business
Banks face suit from US fund over mis-sold subprime loans
Fifteen banks accused of mis-selling mortgage-backed securities
Changing Hats, August 2010
The movers and shakers in the op risk professions
BAML tinkers with tradable volatility index for tail risk hedging
Bank of America Merrill Lynch has developed a liquid volatility index for institutions which are seeking a systematic tail risk hedge.
Knight Libertas founder Gary Katcher quits firm
Gary Katcher, head of global institutional fixed income at Knight Libertas, will leave the firm at the end of July.
UBS hires emerging markets head
Can Uran leaves Bank of America Merrill Lynch for senior role at UBS