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Jefferson County head indicted on bribery, money laundering charges
The Mayor of Birmingham, Alabama, has been charged with 101 counts including bribery, money laundering, mail and wire fraud pertaining to the award of lucrative bond transaction and swap agreement servicing contracts in exchange for financial kick-backs,…
Daiwa hires Cope to strengthen equity business
Daiwa Securities SMBC, the Japanese investment bank, has appointed Andrew Cope in the newly created role of head of secured equity financing and supply for the bank's global equity finance department, as part of broader efforts to bolster the firm's…
ING hires Asia FI head from Temasek
ING has hired Mathew Welch from Singapore state investment fund Temasek Holdings as head of financial institutions (FI) for Asia.
Munich Re creates CFO post in Asia
German reinsurer Munich Re has relocated Annett Rittershaus to Hong Kong to take up the newly-created post of regional chief financial officer (CFO) for greater China and southeast Asia.
Obama officially names Geithner next US Treasury secretary
US President-elect Barack Obama has officially named Timothy Geithner, president of the Federal Reserve Bank of New York, as his appointee for US Treasury secretary.
Fed opens $800 billion war chest to aid securitisation recovery
The Federal Reserve Bank of New York has unveiled ambitious proposals to purchase up to $800 billion of agency mortgage-backed securities (MBS) and extend credit to holders of cash asset-backed securities (ABS) in an effort to prop up the securitisation…
WaMu names new president and CFO
Troubled US savings bank Washington Mutual has made two senior appointments amid restructurings at the firm.
RBS traders join Phoenix
Royal Bank of Scotland's (RBS) head of high yield credit default swap trading Steve James has stepped down in order to join the London office of interdealer broker Phoenix Partners.
CBOE re-elects six board members
Members of the Chicago Board Options Exchange (CBOE) re-elected six incumbent directors to its board on November 20.
Lehman replaces CEO with restructuring expert
Richard Fuld will step down from his position as chief executive officer of Lehman Brothers at the end of this year, remaining in his role as chairman.
Tullett Prebon names Duckworth as COO
London-based interdealer broker Tullett Prebon has appointed Steph Duckworth as chief operating officer.
US Treasury secretary Paulson speaks out on international regulatory overhaul
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