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Iosco task force latest to investigate subprime crisis
The Madrid-based International Organisation of Securities Commissions (Iosco) is creating a task force to review the recent disturbance in global credit markets and decide whether the body can help prevent such problems in future.
Wachovia declares $1.1 billion writedown for October
Wachovia has announced $1.1 billion in writedowns for the month of October, as the bank’s holdings in collateralised debt obligations (CDOs) and mortgage-backed securities (MBS) continue to lose value.
Protiviti hires three from the Big Four
Daily news headlines
Citi names new subprime head
Citi has set up a new group dedicated to handling $43 billion of its exposure to US subprime mortgages.
Change at top as Citi sees writedowns
Citi yesterday confirmed the retirement of Charles Prince, the US bank's chairman and chief executive officer.
Garth Hinton joins RiskBusiness
Daily news headlines
El Asmar to head equity derivatives SG structured product sales
Société Générale Corporate and Investment Banking has appointed Marc El Asmar as head of equity derivatives structured products sales and distribution for Northern Europe.
Correlation funds pitched following hedging woes
Credit managers are expanding strategies playing on changes in correlation and relative value, which were calamitous for the hedging strategies of some dealers and investors during July and August.
Turning misfortune into a fortune - easy if you know how
distressed debt
The key is in the stock picking - an expert's guide to branching out into hedges
George Luckraft, manager of AXA Framlington's oldest hedge fund, shares his experience, some top tips and a few cups of piping hot tea, with Solomon Teague
Tax rules - trying to bridge the gulf
MIDDLE EAST
Canada's mounting assets
country focus: cANADA
A devil in disguise?
Comment
Taking stock of Pillar II
Technical papers
Upended by downgrades
Collateralised commodity obligations
Eyes on the storm
Supranationals
Andrew Polydor
Tullett Prebon Energy's managing director EMEA Andrew Polydor talks with Oliver Holtaway about his optimistic outlook and his competitive approach to charity auction dinners
The hunt for talent
Demand for experienced oil traders has never been fiercer with ever more companies competing for a finite talent pool. Securing oil traders in 2008 will be tough, and some firms may be forced to alter their business models in order to survive, writes…
Counting the costs
The cost of much needed oil exploration and production projects has spiralled recently. Roderick Bruce looks at what is driving the cost rises and what their effect may be