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Clive Banks, co-head of the derivatives solutions group for corporates and financial institutions, has left Citigroup in London.

Low volatility on the German DAX stock index, in spite of political pundits predicting an extraordinary September general election, is offering speculative accounts a chance to buy cheap options and position for election-related volatility.

Calyon has added two senior structured credit salesmen to its London-based team.

JPMorgan has hired Florent Josset, a director in the hedge fund group at Deutsche Bank in London, in a new role as a v.p. in product management, its cross-asset class investment products group.

David Gourgey, an associate in the institutional client group at Deutsche Bank in London has resigned and is set to return to IXIS Corporate & Investment Bank.

Two equity derivative officials who left TD Securities in June have resurfaced in similar roles.

Hedge funds have recovered their appetite for long equity volatility positions, as a near two-year fall in volatility seems to be stabilizing.

Citigoup's London co-head of corporate and institutional sales has left the firm.

Short-dated credit protection on Delta Air Lines was being snapped up last week as market concern over a near-term credit event grew.

Investors snapped up short-dated yen calls last week after the Japanese government edged closer to a parliamentary vote on the country's postal reform.

Cavanaugh Capital Management is underweighting credit on the view spreads will widen because of a possible curve inversion that could put pressure on the economy and the corporate market, according to Tom Graff, portfolio manager of roughly $800 million in fixed-income.