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  • Dominik Radziwill, Poland’s deputy finance minister, said credit default swaps on the country’s sovereign debt was at a “quite absurd” level.
  • India’s ICIC Securities has hired Jaideep Goswami as executive v.p. and co-head of equities.
  • BMO Capital Markets has expanded its financial institutions group in the U.S. with several new hires, including James MacNaughton as vice chair of U.S. investment and corporate banking.
  • One European dealer bought a large double no-touch option on the euro/Swiss franc with the view that the currency will be range bound until the end of the year, according to fx traders.
  • Richard Fulton, an ex-executive director in multi-asset structured product sales at Goldman Sachs in London, has joined Citigroup in a similar role.
  • Interest in total return swaps on bond indices has risen over the past few months as pension funds and hedge funds have increasingly sought either synthetic exposure to the corporate bond indices or different ways to play the difference in spread between the cash bonds and the credit default swaps.