Deutsche Bank
Deutsche begins market-making leveraged loan CDS
Deutsche Bank's London office has begun to trade credit default swaps based on European leveraged loans (LCDS) this week. The German bank had executed trades before, but it is now actively making markets and showing pricing runs for more than 20 names.
Merrill Lynch structured credit director defects to Deutsche Bank
Deutsche Bank has lured Jay Bryant from Merrill Lynch to work as a director in its collateralised debt obligations (CDOs) division in New York. He joins after nine years at Merrill Lynch, where he most recently held the position of director of structured…
Standard confirmation for preferred CDS hammered out
Eight dealers have agreed upon standard documentation for preferred credit default swap (CDS) transactions. The new standards will likely enhance liquidity of the nascent market.
Deutsche Bank hires UBS mortgage unit
Deutsche Bank Securities has hired three New York-based mortgage specialists from UBS – Troy Dixon, Keith Willard, and Cyle Berwanger. The new hires will expand the firm’s pass-through mortgage trading group in its global markets division, with Dixon…
CDS IndexCo and Markit launch synthetic US CMBS index
CDS IndexCo and Markit have launched CMBX, a range of synthetic credit default swap (CDS) indexes of US commercial mortgage-backed securities (CMBS), which will trade from today.
Bank of America loses credit correlation trading head
Alexandre Bernand, the London-based global head of credit correlation trading at Bank of America, has resigned.
Deutsche Bank recruits US liability structuring head
Deutsche Bank's debt capital markets group has recruited John Curran as head of liability structuring in North America.
IIC launches euro iBoxx ABS index
Frankfurt-based International Index Company (IIC) has launched the iBoxx EUR ABS 50 index, which consists of the 50 largest and most liquid AAA-rated European floating rate asset-backed securities (ABS) and mortgage-backed securities (MBS). Each…
Deutsche cuts out $1 trillion in risk drive
Deutsche Bank cut out $1 trillion of what it described as 'predatory trades' last year, as it repositioned its forex business to make it more profitable.
Deutsche Bank launches exchange-traded commodity index fund
Deutsche Bank has launched a commodity index tracking fund in New York, the first commodity index-linked fund to be listed on a US exchange.
Coyne joins Citibank to head FX prime brokerage
Deutsche Bank’s former global head of forex prime brokerage Andrew Coyne has joined Citigroup to run its global foreign exchange prime brokerage operation in London.
Deutsche credit correlation trader under investigation for £30m shortfall
A credit derivatives trader at Deutsche Bank in London was suspended in mid-December pending an internal probe into how he managed to overstate the profits on his book by £30 million. Anshul Rustagi, who traded tranched credit indexes for the bank’s…
Credit portfolio management group of the year DEUTSCHE BANK
Risk Awards 2006
Deutsche Bank restructures credit trading unit
Deutsche Bank has made structural changes to the management of its global credit trading division.
Idiosyncratic risk poses greatest threat to credit derivatives market
Idiosyncratic risk poses a greater threat than a systematic widening in the credit markets during the next six months, according to John Tierney, head of credit derivatives research at Deutsche Bank.
CSFB buys more German NPLs
CSFB has bought a €300 million loan portfolio from the German mortgage bank Deutsche Genossenschafts-Hypothekenbank (DG HYP).
Stainton quits Deutsche Bank for Citadel
Mark Stainton is to move from Deutsche Bank in London to the Chicago office of Citadel Investment Group to head Citadel's energy trading group, the hedge fund said.
Deutsche completes fixed-income sell-off
Deutsche Bank has completed the sale of its US active fixed-income asset management business to UK-based Aberdeen Asset Management.
Deutsche Bank names new Middle East hedge fund sales chief
Deutsche Bank's hedge fund arm has appointed Mohammed Abdulmalik as its head of sales for the Middle East.
Deutsche expands Bouhara's role
Deutsche Bank's head of equity derivatives, Yassine Bouhara, is to take on the additional role of head of cash equities as the German bank moves to streamline its trading arms.
High risk credits spark recovery swap revival
The high profile bankruptcy protection filing by US auto parts manufacturer Delphi last weekend and the subsequent downgrading of General Motors (GM) by Standard & Poor’s have heightened market interest in recovery swaps, say dealers.
Delphi bankruptcy jolts European credit markets
Michigan-based auto parts maker Delphi’s filing for Chapter 11 bankruptcy protection on Saturday has sparked a frenzied day of trading for the credit markets.
Major dealers issue joint letter to Fed on credit derivatives
The New York Federal Reserve meeting with 14 major dealers on September 15 appears to have succeeded in coercing the industry into taking more concerted action to tackle the mounting problems in credit derivatives confirmation backlogs. Following the…
Isda’s ‘novation protocol’ aims to tackle derivatives backlogs
The world's major derivatives dealers have signed up to the International Swaps and Derivatives Association’s long-awaited ‘Novation Protocol’, which seeks to facilitate the transfer of existing trades to third parties.