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TD Securities is taking its first step back into global structured equity derivatives since withdrawing two years ago.

State Street Global Advisors last week closed its second hybrid asset-backed securities collateralized debt obligation.

The use of derivative securities for hedging and alpha-enhancement is widespread in investment markets globally.

--Lorenzo Isla, head of European structured credit strategy at Barclays Capital in London, explaining why leveraged senior tranches have been gaining momentum.

Linde, the German industrial gases company that opened the corporate hybrid capital bond market three years ago, will today (Friday) become the first company to issue a second hybrid deal, and the first to sell one in sterling.

Deutsche Bank has today lost its battle to sue monoline Ambac for non-payment of credit protection following a default.

Deutsche Bank has today lost its battle to sue monoline Ambac for non-payment of credit protection following a default. Ambac had refused to pay USD8.771 million in protection for defaulted Solutia bonds because the German firm handed over the reference entities a month past the governing contract's deadline. Deutsche Bank sued Ambac Credit Products and Ambac Assurance Corporation, alleging they led the firm to believe Ambac would accept the reference entities after the physical settlement date.

Fortis Bank has hired Alexander Jaeschke, rates trader at HVB Asia in Hong Kong, as head of fixed income trading in Hong Kong. Jaeschke declined all comment and Lionel Kwok, head of global markets in Hong Kong, was traveling and could not be reached.

Maurice Nadjar-Primack, a senior equity derivatives trader covering emerging markets in London, has left Credit Suisse. He was at the Swiss firm for nearly five years. Chris Carter, managing director responsible for equities trading, declined comment on Nadjar-Primack's most recent role and whether the firm will replace him. No replacement has been named.

The world leader in offshore business processing can’t afford to rest on its laurels

Deutsche Bank pulled its repricing for Hertz Corp. after investors balked at the refinancing when they learned that the company's private equity owners filed an 8K saying they would take up to a $1 billion dividend.

Bank loan desks, asset managers and insurance companies are turning to portfolio protection strategies where the cost of protection steps up as losses occur.