By Emily Flitter, New York Times Published 5:00 am CDT, Monday, July 30, 2018 Photo: Richard Drew /Associated Press Image 1of/1 CaptionClose Image 1 of 1 This Feb. 7, 2018 file photo shows The Charging Bull sculpture in New York's Financial District. A decade after a financial crisis fueled in part by a tangled web of derivatives, regulators still have an incomplete picture of who holds what in this $600 trillion market. less This Feb. 7, 2018 file photo shows The Charging Bull sculpture in New York's Financial District. A decade after a financial crisis fueled in part by a tangled web of derivatives, regulators still have an ... more Photo: Richard Drew /Associated Press Decade after crisis, a $600 trillion market remains murky to regulators 1 / 1 Back to Gallery In the maze of subsidiaries that make up … [Read more...] about Decade after crisis, a $600 trillion market remains murky to regulators
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A decade after crisis, derivatives market is still a murky world
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Emily Flitter New York Times July 22, 2018 NEW YORK — In the maze of subsidiaries that make up Goldman Sachs Group, two in London have nearly identical names: Goldman Sachs International and Goldman Sachs International Bank.Both trade financial instruments known as derivatives with hedge funds, insurers, governments, and other clients.US regulators, however, get detailed information only about the derivatives traded by Goldman Sachs International. Thanks to a loophole in laws enacted in response to the financial crisis, trades by Goldman Sachs International Bank don’t have to be reported. Advertisement A decade after a financial crisis fueled in part by a tangled web of derivatives, regulators still have an incomplete picture of who holds what in this $600 trillion market. Get Talking Points in your inbox: An afternoon recap of the … [Read more...] about A decade after crisis, derivatives market is still a murky world
US bank Citigroup renames Frankfurt office as post-Brexit plans take hold
0 Comments US bank Citigroup renames Frankfurt office as post-Brexit plans take hold BelfastTelegraph.co.uk Citigroup is renaming its Frankfurt office as the Wall Street giant prepares to turn its German operations into its post-Brexit EU headquarters. https://www.belfasttelegraph.co.uk/news/uk/us-bank-citigroup-renames-frankfurt-office-as-postbrexit-plans-take-hold-37026916.html https://www.belfasttelegraph.co.uk/news/uk/article37026917.ece/1da74/AUTOCROP/h342/bpanews_fb56fe78-b36f-4d96-b4bc-871cf5af3c5a_1 Email Citigroup is renaming its Frankfurt office as the Wall Street giant prepares to turn its German operations into its post-Brexit EU headquarters. The Press Association understands that the bank is changing the name of the legal entity to “Citigroup Global Markets Europe” this week, replacing its previous “Deutschland” designation. The move helps prepare the site for a new licence – yet to be approved by the German regulator – that … [Read more...] about US bank Citigroup renames Frankfurt office as post-Brexit plans take hold
Dividend Finance Closes $105 Million Solar Loan Securitization
SAN FRANCISCO--(BUSINESS WIRE)--Apr 23, 2018--Dividend Finance, LLC (“Dividend” or the “Company”), a leading specialty finance and consumer lender for residential solar energy systems, home energy-related improvements and Property Assessed Clean Energy (“PACE”) programs, has closed its second residential solar loan securitization.“Our second securitization affirms Dividend’s commitment to the residential energy finance sector,” said Eric White, Dividend’s CEO. “The success of the transaction, including its ‘Green Bond’ designation and the first ‘AA’ rated solar loan bond, further demonstrates the maturation of the residential solar loan asset class to the benefit of all stakeholders.”The $104,664,000 Dividend Solar Loan Backed Notes, Series 2018-1 (the “Notes”), include the industry’s first “AA” rated solar loan-backed security. Kroll Bond Rating Agency, Inc. … [Read more...] about Dividend Finance Closes $105 Million Solar Loan Securitization
Citigroup is looking to hire bitcoin pros to sniff out risks in cryptocurrency
caption Traders work in the Citigroup booth on the floor of the NYSE in New York source Thomson Reuters Citigroup is looking to staff up a unit of the bank looking at risks associated with money laundering. The positions, which were posted in April, list a “Certified Bitcoin Professional Certification” as “a plus.” Citigroup is seeking talent with a background in bitcoin to staff up its anti-money laundering group. The New York-based financial-services giant is seeking a vice president and senior vice president to explore risks associated with money laundering in bitcoin, cryptocurrency, and other nascent payment technologies, according to LinkedIn job ads. Qualifications for the senior vice president include “knowledge of cryptocurrency and bitcoin monitoring.” Also, a so-called Bitcoin Professional Certification is described as “a plus” for both positions. The senior vice … [Read more...] about Citigroup is looking to hire bitcoin pros to sniff out risks in cryptocurrency