Societe Generale
LSE may join LCH.Clearnet bid consortium
The London Stock Exchange (LSE) today confirmed that it is "looking closely" at joining the consortium of financial institutions bidding for London-based clearing house LCH.Clearnet.
SGCIB reshuffles management team to integrate divisions
Société Générale Corporate and Investment Banking (SGCIB) has reorganised its management structure as part of a move to integrate its capital markets activities.
CDSs on Irish banks widen further
The cost of credit protection on Irish banks rose steeply this morning as the European Commission warned Ireland's budgetary deficit could widen to 9.5% of GDP by the end of 2009.
Exposure to eastern Europe hurts German bank CDSs
The cost of credit protection on many European banks has risen on concern over their exposure to deteriorating economic conditions in eastern Europe.
US and European firms in bid for LCH
A consortium of major US and European financial institutions is lining up a bid for London-based derivatives clearing house LCH.Clearnet. Deutsche Bank is acting as adviser on the acquisition, as well as being part of the bidding group.
Fund-linked hedging bolsters redemption requests
The rise in redemptions across the hedge fund industry is being exacerbated by the hedging of fund-linked options and constant proportion portfolio insurance (CPPI) products, according to dealers.
Lehman EM head reappears at Standard Chartered
Mohammed Grimeh, former global head of emerging markets at collapsed dealer Lehman Brothers, has been appointed as head of trading and deputy head of global markets for the Americas at Standard Chartered.
SG names Wilson head of metals research
David Wilson has joined Société Générale as head of metals research.
UK CDS spreads up
The cost of credit protection on UK banks increased in early trading this morning, while US financial institutions experienced mixed market sentiment.
SG hit by €1.27 billion in writedowns
Société Générale's profits dropped 84% in the third quarter, as the bank's exposure to various aspects of the credit crisis caused it to announce writedowns of €1.27 billion.
FSA market watch letter focuses on market abuse controls
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Bank monoline exposures creep up in second quarter
Second-quarter results yielded further markdowns at major dealers due to the increasing counterparty risk posed by monoline insurers.
European credit trading head leaves SocGen
Lionel Gibert, London-based head of European credit trading at Société Générale Corporate and Investment Banking (SG CIB), has quit.
BarCap works to revive life insurance securitisation
For Barclays Capital, a recent £250 million ($495 million) securitisation of part of UK insurer Aegon Scottish Equitable’s life portfolio proves there’s life left in the life insurance securitisation market.
Firms heed Kerviel lesson by linking front and back offices
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CEBS analyses Kerviel’s op risk impact
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SG speculates on credit
Société Générale has reported increased interest in unleveraged long credit trades based on the iTraxx Crossover Europe index.
CEBS analyses op risk impact of Société Générale fraud
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Sovereign and state bank links - Product review
Societe Generale is offering investors a link to the sovereign debt of China, Malaysia, South Korea and Thailand and the banking debt of the State Bank of India. Capital is protected and coupons are fixed at 3.3%, although the issuer has the right to…
