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Banks

Autobahn, Deutsche Bank’s electronic trading platform, has introduced a single log on for its bonds, interest rates, foreign exchange and future and options trading.  Rhomaios Ram, global head of e-commerce sales at Deutsche Bank says: “We have made it ...

10:00 September 3rd 2007 in News, Banks

BMO's Gas Losses Mount

Bank of Montreal has reported deepening losses from its disastrous natural gas position earlier this year (see Profit & Loss, June 2007). BMO says its losses from natural gas trades grew by another (US)$91m in the third quarter.   Net income for ...

10:00 July 30th 2007 in News, Banks

Socit Gnrale Integrates Swap Group

Société Générale Corporate & Investment Banking has created an integrated swap group to help grow its European flow rates business.   The swap group will combine the long term and short term swap teams to offer seamless market making ...
A new team has been established by Alliance & Leicester Commercial Bank to provide foreign exchange, interest rate and a range of treasury risk solutions to business and corporate customers.  Mike Bligh, who joined the bank nine month ago as head ...

10:00 July 23rd 2007 in News, Banks

SEB Shifts FX Program

SEB Wealth Management has teamed up with the bank’s FX division to set up a multi-manager currency product. The change means that  FX MAP, the bank’s multi-manager currency platform, will now move from SEB global FX to SEB ...
JP Morgan has confirmed a radical reorganisation of its currency and commodities business, as reported by Squawkbox last week.   The bank is merging its G-10 foreign exchange and global rates businesses together, which will be headed by Patrick Edsparr. FX ...

10:00 May 14th 2007 in News, Banks

Citi Streamlines FX Business

Citi has continued the realignment of its FX business, which started earlier this year with the creation of its FICC group (Squawkbox, February 12), by announcing a host of senior appointments within the global FX group. The bank says the move ...
Merrill Lynch has restructured its currency business within its FICC group with the creation of a global currencies group. The new group brings together Merrill's local currency and G20 trading groups under the co-leadership of Karan Madan, currently head of ...

11:00 February 12th 2007 in News, Banks

RBC Capital Markets Names Co-Presidents

Doug McGregor and Mark Standish have been appointed co-presidents of RBC Capital Markets reporting to Chuck Winograd, chief executive officer. As co-presidents, Standish and McGregor have joint responsibility for chairing the operating committee in its oversight of day-to-day operations globally. ...
NabCapital, the capital markets division of National Australia Bank, has signalled its intention to re-enter as a player in the global financial markets after working for the past two years to implement new strategies in the wake of its disastrous ...