Bank of America
Merrill boosts equity teams in Asia-Pacific
US investment bank Merrill Lynch has made four new equity derivatives-related hires in Japan, two in Hong Kong and two in Australia.
Merrill creates debt-equity strategic solutions group
Merrill Lynch has created a new debt-equity strategic solutions group by bringing together its equity structured derivatives and debt strategic solutions marketing efforts in Europe, the Middle East and Africa (EMEA).
Deutsche Bank hires Zia from Merrill
Deutsche Bank has hired Zia Huque from Merrill Lynch to take charge of its European and Asia-Pacific debt syndicate.
ABN Amro bolsters equities franchise in Hong Kong
Dutch bank ABN Amro has boosted its equities franchise in the Asia-Pacific region with a series of appointments in sales, trading and research in Hong Kong.
Ex-Merrill Lynch energy trader pleads guilty to fraud
At 24, Daniel Gordon headed Merrill Lynch's energy trading business. He has now pleaded guilty to a $43 million fraud.
Hatstadt leaves Merrill after less than a year
Philippe Hatstadt, a managing director and head of structured credit derivatives trading at Merrill Lynch in New York, has resigned.
Merrill Lynch reshuffles Asian debt and equity operations
US investment bank Merrill Lynch has created an integrated Pacific Rim debt and equity strategic solutions group, combining its debt and equity solutions groups to offer asset and liability services under the same umbrella.
Foreign exchange restructuring at Merrill Lynch
A major restructuring of Merrill Lynch’s foreign exchange management is under way, according to sources close to the bank in New York, reports Risk’s sister publication, FX Week .
Order Management Systems Clamp Down
Banks are looking to Order Management Systems to achieve compliance, settle trades and take advantage of liquidity. Are your traders ready for the coming Bull Market?
BoA promotes veteran to head of forex
Bank of America (BoA) has filled the role of head of global foreign exchange with the internal promotion of Christiane Mandell. Based in New York, she will keep this role for the enlarged bank following the forthcoming merger with FleetBoston Financial.
RBS nabs securitisation head from Merrill Lynch
Vincent Dahinden, former head of corporate securitisation and collateralised debt obligations (CDOs) at Merrill Lynch in London, has joined Royal Bank of Scotland (RBS).
BoA wins $17.85m weather derivatives lawsuit
Diamond State Insurance, a unit of Cayman Islands-domiciled United National Group (UNG), has agreed to pay Bank of America (BoA) $17.85 million to settle its claims over a series of weather derivatives policies written through the now defunct Customized…
JP Morgan Chase set to increase lead as largest US derivatives bank
JP Morgan Chase, the bank with the largest exposure to derivatives in the US, is set to increase its lead with the takeover of Bank One. The derivatives exposure of the combined banks will approach $35.5 trillion, nearly 54% of the combined value of the…
Four more join iBoxx as CDS index market-makers in the US
Four more banks have become credit default swaps market-makers on iBoxx CDX, a tradable index of credit default swaps on 125 investment-grade US companies. This brings the total number of licensed market-makers to 15.
US sets trend for high bonuses
Global commercial banks are expected to award bumper bonuses in the next three months, following a pattern set by the US investment banks in December, reports Risknews ' sister publication FX Week .
Merrill Lynch selects SAS for OpRisk management and Sarbanes-Oxley compliance
Merrill Lynch, a leading financial management and advisory company, has selected software from SAS, a North Carolina-based software analytics company, to help manage its operational risk and continue compliance with the Sarbanes-Oxley Act, the new Basel…
CDO exposure to Parmalat €660 million, says Moody's
A total of 65 collaterised debt obligation (CDO) contracts have “a direct exposure on Parmalat or its relevant subsidiaries”, said rating agency Moody’s Investors Service.
JP Morgan's co-head of European equity derivatives marketing joins Merrill Lynch
JP Morgan Chase’s co-head of European equity derivatives marketing for corporates, Cristina Garcia-Peri, has left the bank to join Merrill Lynch.
Merrill Lynch adds Hong Kong equity-linked products team
Merrill Lynch has hired Stephen Choi as an associate in the US investment bank's global equity-linked products team in Hong Kong.
Former BoA global markets head joins Icap
Duncan Goldie-Morrison has joined Icap as a non-executive director and member of the UK inter-dealer broker's audit, remuneration and nominations committees.
Reuters adds SuperDerivatives to 3000 Xtra
Reuters has added SuperDerivatives’ currency options pricing system to its 3000 Xtra platform, as part of its efforts to boost its position in the treasury markets.
Summit Systems names prominent hires in New York
Software vendor Summit Systems has made a number of appointments for its New York office. The hires include the return of co-founder Kathy Perrotte to the vendor after a one-year sabbatical.
US merger brings uncertain future for BoA/ Fleet FX staff
Bank of America’s (BoA) $47 billion purchase of FleetBoston Financial should bolster its regional US coverage in foreign exchange. But an overlap in jobs is unavoidable with a bank the size of BoA, analysts told RiskNews ' sister publication FX Week ,…