Pre-migration untagged articles

HSBC reported better than expected earnings for the first half of this year. Expected US losses caused by problems in the subprime mortgage market were offset by growth in Asia.

The equity-linked and Japanese yen structured note sectors shrugged off credit volatility this week, while investors in structured interest rate-linked products also remained active. Only vanilla credit trades were in short supply.

Trying to pinpoint where IKB’s bonds and credit default swaps were trading this week was virtually impossible. Liquidity dried up completely as news of IKB’s exposure to US subprime mortgages hit the screens.

The Financial Industry Regulatory Authority (Finra) announced on Monday that it has begun operations as the largest non-governmental regulatory organisation for securities brokers and dealers doing business in the US.

Thank you for the generally favourable comments which we received on our story about Citigroup’s major offensive in Japan.

The subprime mortgage related turbulence in the financial markets over the last month made the banking sector the most heavily traded area of the US credit derivatives market, according to data released this week by GFI.

The Swiss franc bond market continued to stubbornly resist the global urge to shut up shop for the summer this week as high grade issuers took advantage of pockets of demand.

Swap spreads in euros and dollars traded in a very wide range this week, mirroring the sharp ups and downs of the credit market.