NYSE Arca Europe Joins A Crowded Field Fighting For Less Volume
March 10, 2009
NYSE Euronext launches new Europe trading platform | www.dealingwithtechnology.com
NYSE Arca Europe may have gallopped into the market at just the wrong moment to see a major breakthrough as volumes decline in European equities.
Sprecher's ICE opens the way to A "Closed" Clearing of CDS
March 9, 2009
Bloomberg.com: ICE Starts Credit-Default Swap Clearing in Bid for $400 Million | www.bloomberg.com
Intercontinental Exchange (ICE) has muscled its way to the forefront of the CDS clearing issue as a result of their classic opportunistic streak. Their solution may have the dge over other competitors not just as a result of early regulatory permission but also thanks to its more exclusive business model.
March 9, 2009
HBOS, RBS U.K. Deposits Fell; Government Banks Gained | www.bloomberg.com
The US Senator Dodd has suggested a $500 Billion line of credit for the FDIC. FDIC chair Shelia Bair has acknowledged a good idea for US depositors would be to continue the higher ($250k) FDIC Insurance limits on depositors bank deposit principal.
Business Risk Management First - Before Quant or Qual
March 9, 2009
Deutsche Bank’s Quantitative Team to Leave, Start Hedge Fund | www.bloomberg.com
Some of the The Frankfurt- based bank's DWS funds have recently suspended dividends due to previously exposed risk and current market conditions (1). Further, the Frankfurt- based bank, will cut risk by shifting resources from areas such as proprietary trading after “unprecedented market conditions revealed some weaknesses” in trading operations. (1) DWS RREEF Real Estate Fund, Inc. (AMEX:SRQ - News) and DWS RREEF Real Estate Fund II, Inc. (AMEX:SRO - News) (the “Funds”) announced today that they will not declare any distributions to common shareholders in March 2009 because market conditions have resulted in a decline in portfolio values causing the Funds to currently not meet the preferred share asset coverage ratio that is a precondition to the declaration of common share distributions under the Investment Company Act of 1940.
TMX: Bertrand Departs - another Shock departure of a Successful Manager
March 5, 2009
Luc Bertrand To Step Down From His Position With Montreal Exchange And TMX Group On June 30, 2009 - Alain Miquelon Named As MX President And Chief Executive Officer Effective July 1, 2009 | www.mondovisione.com
Luc Bertrand standing down as the head of M-X and deputy at Toronto SE is a shock move given that it was Bertrand's success at M-X that helped rejuvenate the Canadian exchanges in the first place!
TMX: Bertrand Departs - another Shock departure of a Successful Manager
March 5, 2009
European Commissioner Charlie McCreevy Welcomes Industry Commitment To EU Central Counterparty For CDS | europa.eu
Luc Bertrand standing down as the head of M-X and deputy at Toronto SE is a shock move given that it was Bertrand's success at M-X that helped rejuvenate the Canadian exchanges in the first place!
UBS: Villiger and Grubel To Sweep Away the Kurer/Rohner/Ospel Legacy
March 4, 2009
UBS Chairman to Step Down | online.wsj.com
The appointment of Kaspar Villiger as Chairman of UBS marks a clear intention of "Switzerland Inc" to assert control over the bank & future banking regulatory changes.
Chi-X Chief In Shock Departure
February 26, 2009
Financial Times FT.com | www.ft.com
Successful MTF Chi-X has been largely shaped by its CEO Peter Randall. His departure is a remarkable move given his success in making CHi-X a leading ATS not only in Europe but various other jurisdictions too.
Ossie Grubel - A Man For All Seasons & All Swiss Banks?
February 26, 2009
Financial Times FT.com | www.ft.com
Oswald Grubel is a fascinating pair of safe hands for UBS at a time of turmoil. Yet the move represents a risk to Grubel whose reputation upon retirement as Credit Suisse CEO was simply outstanding.
I did not have nationalization relations with that bank!
February 25, 2009
RBS May Not Avoid Full Nationalization With Insurance | www.bloomberg.com
Well, did you or didn't you? Guess we are not sure any longer since we have various definitions floating around. Both the UK & US have essentially shored up the depositors principal, and stripped the investors equity.
E-Insurance: When will the insurance industry adopt modern communication tools?
February 14, 2012
ATMs could distribute prepaid Visa cards
January 23, 2012
PayPal can thrive as a standalone company
January 9, 2012
Europe's CO2 Emissions Trading System works, but it can be improved
December 16, 2011
European women wonder why their insurance premiums will increase
December 15, 2011