Goldman Sachs
Deutsche Bank snares Goldman option traders
Deutsche Bank has snared two interest rate options traders from rival investment bank Goldman Sachs.
Lehman raids Merrill team
Lehman Brothers has raided rival investment house Merrill Lynch for a team of three foreign exchange options dealers in London, sources close to the bank told Risknews’ sister publication FX Week .
Deutsche in FX drive
Deutsche Bank has named Gordon Wallace and Nitin Gulabani as co-heads of global foreign exchange trading.
Lehman hires Tilroe for European derivatives marketing push
New York-based Lehman Brothers has hired Jason Tilroe as managing director heading up marketing of fixed-income derivatives to corporate and public sector clients in Europe. It is a new position created by the bank’s expansion in European derivatives…
University of California adds four to Enron lawsuit
The University of California continues to add plaintiffs to its lawsuit against Enron. RBC, Goldman Sachs and two law firms are now facing the university's wrath.
Morgan Stanley forex co-head retires
Morgan Stanley has made Philip Newcomb sole global head of foreign exchange, following the retirement of Peter Murray at the end of January, reports Risknews ' sister publication FX Week . Murray, who was based in London, and Newcomb, based in New York,…
ING exits Asian equities
ING Group is currently in talks with Australia’s Macquarie Bank over the sale of its Asian equity sales, trading, research and equity capital markets businesses. The bank plans to retain its equity derivatives business in the region.
DrKW appoints head of hybrid capital
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has appointed Mark Woolley from Goldman Sachs as head of hybrid capital.
Goldman hires new head of inflation flow business
David Lofthouse has taken up a position at Goldman Sachs as head of inflation flow business in London.
US sets trend for high bonuses
Global commercial banks are expected to award bumper bonuses in the next three months, following a pattern set by the US investment banks in December, reports Risknews ' sister publication FX Week .
Gartmore recruits dedicated derivatives specialists
UK-based Gartmore Investment Management has added two dedicated derivatives specialists to its London-based investment team.
Bear Stearns snares another top credit derivatives executive
Bear Stearns has made another senior hire in its rapidly expanding credit derivatives department. Alex Reyfman will join the US investment bank in New York as managing director and head of credit derivatives research.
Independent third-party to take over Trac-x imminently
JP Morgan and Morgan Stanley are in the final stages of negotiations to hand over their credit derivatives index product Trac-x to an independent third-party. The move will happen “within a matter of days”, Andrew Palmer, head of credit derivatives…
Taiwan’s growing risk appetite
Relying on imports for most of its energy requirements and constrained by the government’s view that risk management is gambling, how can Taiwan tackle the challenge of price risk in its growing energy sector? By David Hayes
Goldman Sachs CP3 response published by accident
The five-page response drafted by Goldman Sachs executives to the Basel Committee on Banking Supervision's third consultative paper was published on the internet in mid-August by mistake when the committee posted other comments.
Derivatives dealers report business as usual after power cut
Major derivatives dealers say their systems coped well with yesterday’s power cuts in New York and report that trading is continuing as normal.
UK warrants market sees growth on the back of equity rally
The upturn in equity markets that began in the spring has led to increased investor interest in UK warrants, according to Goldman Sachs. But the UK warrants market, which was launched in October by the London Stock Exchange (LSE), has yet to see…
Japanese CJ50 index reaches ¥10 billion on first trading day
The CJ50 index that tracks the movement of Japan’s 50 most actively traded credit default swaps started trading today, with volume reaching beyond ¥10 billion ($83 million), according to BNP Paribas.
Allegheny sells $405m of energy supply contract to Goldman Sachs
Allegheny Energy yesterday took a step towards reducing its exposure to energy trading by selling an energy supply contract to a subsidiary of Goldman Sachs for $405 million.
Former Goldman head quant moves to Morgan Stanley
Former head of credit risk quantitative modelling at Goldman Sachs, Eduardo Canabarro has joined Morgan Stanley’s fixed-income quantitative modelling team.
Goldman helps Greece meet EU targets using large derivatives deal
US investment bank Goldman Sachs has structured a €10 billion swaps ($11 billion) contract to help the Greek government meet its European Union (EU) debt targets.
Revealed: Goldman Sachs’ mega-deal for Greece
Greece uses swaps to hit EU debt ratios
Banks counter IAS39 threat
Banks are developing new structuring models for corporate clients to ensure the IAS39 accounting standards do not result in a reduction of complex foreign exchange hedging activity, Risk's sister publication FXWeek reports.