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CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026
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New contracts cannot yet be traded in US
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
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  • The U.K. Finance Ministry plans to include recommendation for reforming the London interbank offered rate in a financial legislation now in final stages of approval in Parliament.
  • UBS is looking to reduce its front-office investment-banking staff in Europe by 10% to roughly 400 as part of its plan to shrink its global workforce.
  • BNP Paribas Corporate and Investment Banking has hired Jon Bass to the new position of head of fixed income sales and investor relationship manager for the U.S.
  • Mike Corbat, who has been named to replace Vikram Pandit as ceo of Citigroup, has appointed Mike Mills to serve as his interim successor as head of the bank’s European operations.
  • France has announced the creation of a state-owned investment bank, to be known as BPI and to be equally owned by the government and CDC, a state-owned financial institution.
  • The Hong Kong Exchange plans to roll out client clearing within six-to-nine months after its clearinghouse Over-The-Counter Clear Hong Kong begins operations with interdealer trades.