Derivs - People and Markets
-
UBS faces USD12 million in claims by a class of investors for alleged fraudulently misrepresenting principal-protected notes issued by Lehman Brother Holdings.
-
The State Administration of Foreign Exchange, China’s chief fx market regulator, could start varying the range of currencies it allows for exchange with the onshore renminbi sometime next year, approving more options against a greater number of currencies.
-
The European Securities and Markets Authority’s influential Securities and Markets Stakeholder Group has called for radical changes to the way physical and synthetic exchange-traded funds are regulated.
-
Citigroup has cut three in its equity derivatives group: Adrian Jones, a v.p., Camellia Lowry, a director, and Amrish Pattni, whose title could not be gleaned.
-
JPM Morgan Chase has bought or and sold notional credit derivatives on an estimated USD100 billion of sovereign and non-sovereign debt in Greece, Italy, Ireland, Portugal and Spain, according to CEO Jamie Dimon.
-
Threadneedle Investments has rolled out the Threadneedle (Lux) U.K. Equities Fund, managed by Simon Brazier, head of U.K. equities at the firm.
-
Nick Fuller, the co-head of equity single stocks trading at Royal Bank of Scotland in London, has joined Santander in a similar role also in London.
-
Claims on Lehman Brothers’ derivatives unit will pay between 27.9 cents to 32 cents, compared with 48.4 cents to 44.7 cents on commercial-paper claims, according to the firm’s liquidation approved by a bankruptcy judge.
-
Deutsche Bank is said to be planning to reduce the size of its investment-banking staff in Japan by roughly one third as a result in a decline in deals and a sluggish economic outlook.
-
Hong Kong’s Legislative Council has rejected changes to the Securities and Futures (Professional Investor) Rules that aimed at introducing amendments to improve protection for investors in structured products. -
Clearing is among the top concerns for financial end users, according to Luke Zubrod, director of regulatory compliance services at Kennett Square, Pa.-based risk advisory firm Chatham Financial.
-
