Pre-migration untagged articles
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US broker BTIG this week set up its business in London. BTIG aims to broaden the services for its US-based accounts and the London office will handle the broker’s US order flow in a first stage. In the long run BTIG hopes to establish itself among European clients.
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VTB Capital, the investment banking business of VTB Group, this week launched a brokerage service, only five months after the Russian bank created a trading team.
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Goldman Sachs Group this week reported its first quarterly loss since becoming a public company in 1999. It posted a net loss of $2.12bn, or $4.97 a share, for the fourth quarter ended November 28. In the same period last year the figures were net income of $3.2bn, or $7.01 a share.
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Swedish issuers are unlikely to make use of the government guarantees available to them for covered bonds, three of the country’s leading borrowers told The Cover, EuroWeek’s sister publication.
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HSH Nordbank has filed an amended claim with the New York Supreme Court against UBS in its dispute over the synthetic CDO, North Street 2002-4.
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The management board of HSH Nordbank this week proposed a change in its strategy to the supervisory board, with the bank concentrating its business in the north of Germany.
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Eksportfinans was downgraded by Moody’s this week from Aaa to Aa1, and its outlook remains negative, which is likely to make the Norwegian agency’s 2009 funding target of $10bn-$12bn difficult to achieve in public markets.
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The Regional Financial Centre of Almaty (RFCA) and Moscow’s RTS stock exchange have set up the Eurasian Trading System (ETS), a commodity exchange headquartered in Almaty.
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The Swedish National Debt Office (SNDO) on Tuesday announced the bank-specific fees for use of the state guarantee for covered bonds. All charges for the guarantee programme have now been set.
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Moody’s has tightened the assumptions it uses in rating CDOs backed by structured finance assets, a move which will result in downgrades of around three notches for a large number of the CDOs.
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Dealers of private EMTNs: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, self-led deals and issues with a term of less than 365 days.