Derivs - People and Markets

Greg Wagner has departed from the Royal Bank of Scotland as its global head of equity prime services to pursue other opportunities.

Emmanuel Girod, co-head of Europe, the Middle East and Africa equity-linked trading at Bank of America Merrill Lynch in London, has left the firm.

Deutsche Bank says it has received subpoena and requests for information from the European Union and U.S. regulators in connection with the investigation of alleged manipulation of LIBOR by derivatives traders.

Deutsche Boerse said it plans to sue the European Commission for vetoing its proposed merger with NYSE Euronext, challenging “several aspects of the decision,” according to a statement from the German lender, but lawyers say the lawsuit has little chance of success.

Goldman Sachs is said to have begun a new round of staff reductions in trading and investment banking as part of its annual review process.

Barclays has dropped Capital from Barclays Capital’s name after 15 years as the British banks moves to brand the entire firm under a single name.

Loh Boon Chye has resigned as head of corporate and investment banking for the Asia-Pacific at Deutsche Bank, according to a staff memo.

The Royal Bank of Scotland has announced plans to close its South Korea’ equity capital market and corporate finance units as well as its cash-equities business in Indonesia, Korea and Singapore, resulting in a loss of 70 jobs.

ICAP’s Traiana unit has signed up Citigroup, Bank of America Merrill Lynch, Deutsche Bank, JPMorgan Chase, Morgan Stanley and UBS to its Harmony CCP Connect clearing service, giving it a leg up on its rivals.

Roughly one-third of structured-finance securities were downgraded in 2011, compared with only 3% that were upgraded, according to Fitch Ratings.

Goldman Sachs is considering a move into monoline insurance as a way of expanding its business in the wake of regulations that would ban it from proprietary trading.

Pimco and Source, the exchange-traded fund provider, have teamed up to launch the Pimco Short-Term High Yield Corporate Bond Index Source ETF, which will track the Bank of America Merrill Lynch 0-5 Year U.S. High Yield Constrained Index.