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Source’s assets reach USD2.2bn
September 30, 2009--Source, a provider of exchange-traded products, says total assets in its range of products have reached USD2.2bn (EUR1.5bn).
Source’s new sector products have gathered nearly USD950m (EUR650m) in just over two months in the market and have been widely accepted in the institutional market, particularly by hedge funds.
The products are designed to facilitate trading and investment through buying, short-selling, borrowing and lending.
read full story BNP throws down challenge with cash call read full story
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LCH, which has been under pressure to revamp its shareholder structure for months, said on Tuesday it would buy back up to 45 percent of its shares and pay a dividend to all its owners, mostly major banks that clear trades using its systems.
Source:Reuters
September 29, 2009--BNP Paribas threw down a challenge to the European banking industry on Tuesday as it sought to escape the yoke of state support through a €4.3bn ($6.3bn) rights issue.
Baudouin Prot, chief executive of Europe’s second-biggest bank by market value, said the rebound in the stock market presented an “opportunity” to repay “as soon as possible” the €5.1bn of non-voting preference shares issued to the French government in March.
Source: FT.com
