NAB Closes the Book on Options Fiasco

National Australia Bank (NAB) has revealed that the Australian Prudential Regulation Authority (APRA) has closed the remaining remedial actions associated with the foreign exchange options trading losses that were revealed in January 2004 (Profit & Loss, February and April 2004). The critical element in APRA’s decision is that it has approved NAB’s return to the […]
Read More »

Lam up the Ladder at RBS

The Royal Bank of Scotland (RBS) has unveiled a new senior management appointment to its Global Banking and Markets (GBM) business in Asia Pacific. With immediate effect, Lawrence Lam has been appointed as head of GBM China, reporting directly to John McCormick, chief executive Asia Pacific, GBM at RBS. Lam will be responsible for the […]
Read More »

BoNY Buys Mellon..Finally

Eight years after failing in an attempt to buy Mellon Financial, the Bank of New York (BoNY) finally succeeded last week, the two firms announcing agreement on a $16.6 billion deal. The deal will create the largest securities servicing and asset management firm globally, called The Bank of New York Mellon Corporation, with $16.6 trillion […]
Read More »

Bad Week for Fixed Income Jobs

Last week was a bad one in the fixed income markets where the axe fell at Dresdner Kleinwort, HSBC and the Royal Bank of Canada. At Dresdner Kleinwort, sources report that 125 front office jobs have gone at the bank, including some in its FICC (Fixed Income, Currencies & Commodities) division in London and New York. The […]
Read More »

Goldman’s McTamaney Moves from FX to Head Asian Securities

Robert McTamaney, the London-based co-head of global foreign exchange at Goldman Sachs, is relocating to Tokyo to jointly run the bank’s pan-Asian securities business with Katsunori Sago. He will start his new role at the beginning of next year, a spokesperson confirms, and will report to Mike Evans, Tom Montag and Michael Sherwood who head global securities. […]
Read More »

RBS Extends IRD Service on Bloomberg

The Royal Bank of Scotland (RBS) has extended its interest rate derivatives offering on Bloomberg to include US dollar treasury swap spreads, swap curve trades and butterflies. RBS is the first dealer to offer an electronic execution service in US dollar spreads on the platform. The new offerings will be global and available during European, […]
Read More »

Change at Lehman as Parikh Takes Over Commodities

Lehman Brothers has named Satu Parikh as global head of commodities. Previously, he was head of liquid markets, Asia, which included coverage of rates, foreign exchange and commodities. As part of the move, Parikh will relocate to Lehman’s New York headquarters and report to Kaushik Amin, global head of liquid markets. Thomas Siegmund has been […]
Read More »

Citigroup Creates FICC Group

Citigroup has formed a new Fixed Income, Currencies and Commodities (FICC) global business group, it announced internally last week. The group combines the global fixed income and emerging markets sales and trading divisions and represents “a natural evolution toward providing an integrated global platform best positioned to serve our clients”, Tom Maheras, CEO of global […]
Read More »

JP Morgan Names New FX Chief as Puth Steps Down

Blythe Masters is taking over from David Puth as global head of currencies and commodities at JP Morgan, a spokesperson tells Squawkbox. The move follows Puth’s decision to step down at the end of the year to pursue other interests. Ranking among Wall Street’s most powerful female executives, Masters joined the bank in 1991 as […]
Read More »

ABN Amro Launches UK structured products business

ABN Amro has launched a new UK business to provide clients with access to structured products through a regulated fund vehicle. The bank says the new team will build on its global presence in the structured products market and will be led by Gijs Kaars Sijpesteijn, head of UK and ETFs, private investor products. Globally, […]
Read More »
1 2 3 4 5 86 87 88 89 90