Goldman Sachs
JP Morgan and Munich Re enter mortality bond market
JP Morgan has placed $100 million of extreme mortality bonds for reinsurer Munich Re, in the first foray into the mortality bond market for both firms.
Finding a niche
Energy and Commodity Rankings 2008: Energy
Q4 writedown estimates raised for Citi, Merrill and JP Morgan
Citi, Merrill Lynch and JP Morgan could see writedowns totalling $33.6 billion relating to collateralised debt obligations (CDOs) over the fourth quarter, according to a report by Goldman Sachs on American firms, published on December 26.
Bank Risk Manager of the Year - Goldman Sachs
Risk Awards 2008
Credit derivatives House of the Year - Goldman Sachs
Risk Awards 2008
Goldman Sachs launches tradeable mortality index
Goldman Sachs has launched a tradeable mortality index based on a pool of US senior citizens.
Goldman $3.2bn profit masks $600m subprime writedown
Goldman Sachs has posted impressive returns for the last quarter of 2007, but has confirmed losses of around $600 million in its mortgage business.
Bank of America's $19bn China windfall dwarfs $3bn writedown
The $3 billion writedown disclosed by Bank of America early this week has been overshadowed by the announcement that an investment in China stands to earn the firm $19 billion.
Goldman Sachs acts to support troubled fund
Goldman Sachs has led a $3 billion bailout of one of its own hedge funds after market turbulence lost it almost half its value - much of it in the last week.
Lehman Brothers appoints global head of risk solutions
Jason Tilroe, head of the Europe-wide risk solutions group at Lehman Brothers, has been promoted to the newly created post of global head of risk solutions.
Scott Prince joins SkyBridge Capital
Scott Prince, Goldman Sachs’ former head of equity derivatives, has moved to New York-based firm SkyBridge Capital.
BNP Paribas hires European securities lending head
BNP Paribas has appointed David Lonsdale to the newly created position of European head of securities lending, within its equities and derivatives business.
Hong Kong-listed derivatives on Chinese stocks
US bank Goldman Sachs has launched the first exchange traded fund (ETF) derivatives on Chinese stocks, to be listed on the Hong Kong stock exchange.
US commercial property derivatives to launch in next two months
The first US commercial property derivatives will launch by May this year, following the National Council of Real Estate Investment Fiduciaries' (NCREIF) licensing of four investment banks to use NPI, its US property index.
S&P buys Goldman's commodity index
Standard & Poor's has acquired the Goldman Sachs Commodity Index (GSCI) as well as two equity indexes. The GSCI is widely considered to be the benchmark for commodity indexes and serves as the underlying for many structured products. It will be renamed…
JP Morgan and Goldman restructure foreign exchange
JP Morgan and Goldman Sachs have made senior management changes to their foreign exchange divisions that will come into effect early next year.
Nine banks to build Mifid utility
Nine global securities firms have gone public with plans to create a trade data and market data dissemination platform, to take advantage of the EU’s Markets in Financial Instruments Directive (Mifid) reforms.
Goldman Sachs launches first IPD product
Goldman Sachs has launched the first structured product based on the UK Investment Property Databank (IPD).
Trade associations slam UK regulator's proposals for benchmarking
The UK Financial Services Authority’s (FSA) proposals for using benchmarking for over-the-counter derivatives and structured products have been roundly criticised by the International Capital Market Association (ICMA), the International Swaps and…
Goldman and Citigroup to become CBOT swaps market makers
From next month, Goldman Sachs and Citigroup will act as electronic market makers for the Chicago Board of Trade's (CBOT) five-year and 10-year interest rate swap futures contracts.
GLG poaches Morgan Stanley's European strategy co-head
Ben Funnell has quit his position as co-head of European strategy in London to join GLG Partners as a fund manager. He will work on mixed-asset fund strategies alongside Noam Gottesman, a partner of the London-based hedge fund.
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.