EU watchdogs are preparing to impose multi-million euro fines on six banks, including Royal Bank of Scotland and HSBC, where traders are suspected of having tried to manipulate Euribor interest rates.
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Monday 26 January 2009
Wednesday 21 January 2009
Secondary and tertiary human rights? The political class has discovered derivatives. They are creating layers of political discourse that you cannot penetrate without a QC in one hand and 50 cubic feet of legislation in another.
Sunday 04 January 2009
Tuesday 30 December 2008
Thursday 27 November 2008
United States prosecutors poring over the collapse of AIG are examining whether Joseph Cassano, the former head of its London-based financial products division, misled investors over the health of the derivatives investments that ultimately brought down the insurance giant.
Tuesday 11 November 2008
The US government ripped up its eight-week-old rescue deal for AIG and signed a new $150bn (£96bn) plan that it hopes will be more likely to save the insurance giant from bankruptcy.
Thursday 30 October 2008
MF Global, the derivatives broker spun off from FTSE 100 hedge fund giant Man Group last year, has ousted its long-time chief executive and issued another set of disappointing results.
Thursday 23 October 2008
The American securities clearing house Depository Trust & Clearing Corporation (DTCC) and its European rival LCH.Clearnet have agreed to combine to create the world's biggest clearing house in an effort to cut trading costs.
Thursday 23 October 2008
Thursday 16 October 2008
The New York Attorney General, Andrew Cuomo, has launched a legal broadside against AIG, saying that the nationalised insurance giant has squandered money on luxury breaks for executives, including an overseas hunting trip and golf sessions.
Tuesday 14 October 2008
Saturday 11 October 2008
You think this lot are bad – these pinstriped highwaymen, the racketeers of the 07.19 to Waterloo? Well, yes, it may be largely thanks to them that our money is tumbling, like autumn leaves, into the slow mulch of recession. But when it comes to cynicism, avarice and downright larceny, really you haven't seen a thing. The bloodstock market could still teach them all a thing or two.
Friday 03 October 2008
Tuesday 16 September 2008
The collapse of Lehman Brothers is putting significant strain on the giant, opaque, market for credit default swaps, in which investors buy protection against the risk of corporate defaults, and reinvigorating longstanding calls for improved regulation of the markets.
Monday 15 September 2008
Nobody needs to be told that the Alternative Investment Market (Aim) is struggling. As better-known groups on the main list complain about the effect of the economy on their businesses, often it is the smaller boys that are feeling the severest pinch.
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