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Citigroup has reshuffled its European collateralized debt obligation group.

Citigroup has hired Janice Yu, equity derivatives marketer at Merrill Lynch in Hong Kong, for a similar role on its equity desk in Hong Kong.

Derivatives analysts are pondering why equity implied volatility remains subdued, in the face of sharp moves in the credit market.

HSBC recently transferred Jeffrey Tolk, senior credit structurer in New York, to a new role as Asian head of credit structuring in Hong Kong.

Robert Heathcote, executive managing director in the correlation trading team at Goldman Sachs in London, has left the firm.

Credit hedge funds report dealers are increasing margin call frequency in the wake of recent mark-to-market losses on collateralized debt obligation trades.

Monoline insurance firms are demanding dealers rework a draft template for credit-default swaps on asset-backed securities.

Macquarie Bank is gearing up to offer a cross-asset class structured note with exposure to credit, hedge funds, commodities and properties which it believes will be a first for the domestic Australian retail market.

The sudden drop in implied correlation is wreaking havoc with dealer trading book valuations for CDOs.

One of the great challenges for participants in FX has been how to more effectively manage their positions in this highly unpredictable market.

FX speculators were selling short-dated options last week to position for a quiet coming week.