Credit Risk News

CME Group Inc. Announces Date of Third-Quarter 2008 Earnings Release - MSN MoneyCentral
CHICAGO , Sept. 25 /PRNewswire-FirstCall/ — CME Group Inc., will announce earnings for the third quarter of 2008 before the financial markets open on Thursday, October 30, 2008 . The company has scheduled an investor conference call that day at 7:30

Mellody’s Money Survival Guide: What Not to Do During a Credit Crisis - ABC News
With the nation’s financial crisis on everyone’s minds, many Americans are worried about how to keep their money safe. Is this the time to move your cash? ABC’s Mellody Hobson has five things not to do in this credit crisis. In this edition of

Bond Risk Declines on Speculation U.S. Bailout Plan to Succeed - Bloomberg
Sept. 25 (Bloomberg) — The cost of default protection on corporate bonds fell amid speculation the U.S. Congress will reach an agreement on a plan to bail out financial institutions. Benchmark credit-default swap indexes in the U.S. and Europe fell

A.M. Best Affirms Ratings of Tunis Re - Forbes
A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Societe Tunisienne de Reassurance (Tunis Re) (Tunisia). The outlook for both ratings is stable. The ratings reflect Tunis Re’s very good

Leaders in Treasury and Finance Address Managing in the Banking and - Forbes
Industry Experts to Discuss Current Market Woes; Credit and Liquidity, Risk and Global Financial Management Issues at 2008 AFP Annual Conference — October 19-22 in Los Angeles BETHESDA, Md., Sept. 24 /PRNewswire/ — Confronted by the current banking

Harry Winston Diamond Corporation Announces Second Quarter Fiscal 2009 - MSN MoneyCentral
TORONTO , Sept. 9 /PRNewswire-FirstCall/ - Harry Winston Diamond Corporation (TSX: HW; NYSE: HWD) today reported second quarter results for the period ending July 31, 2008 . The Company recorded an increase in consolidated sales for the quarter of

The search for a floor in convertibles - Financial Times
Convertible bonds are trading at or near all-time lows after a year in which hedge funds and investment banks have dumped holdings to cut their leverage and bolster capital. Once adjusted for the value of the bond s built-in option to convert into

Japan, Australia Bond Risk Falls, Credit-Default Swaps Show (Bloomberg.com)
Aug. 18 (Bloomberg) — The cost to protect Japan’s and Australia’s bonds from default fell while the risk in Asia increased slightly, according to credit-default swaps traders.

Marlin Business Services Corp. Hires Chief Risk Officer - FOXBusiness
Marlin Business Services Corp. Hires Chief Risk OfficerFOXBusiness - 10 hours agoKerri joins Marlin from The CIT Group, where she spent the last 12 years in a variety of senior credit positions. Kerri most recently served as Chief Credit …

Bank builds up structured credit desk - Structured Credit Investor (subscription)
Bank builds up structured credit deskStructured Credit Investor (subscription), UK - 15 hours agoThe Kamakura Risk Manager (KRM) system is said to be the world's first risk system that analyses market risk, credit risk, asset and liability management, …

Fitch Affirms 5 Classes from Hamlet II - MarketWatch
Fitch Affirms 5 Classes from Hamlet IIMarketWatch - 10 hours agoThe following rating actions are effective immediately: The rating action reflects Fitch's view on the credit risk of the rated notes following the release …Fitch Withdraws Ratings on Newcourt Street Finance Limited MarketWatchall 67 news articles

Credit unions hit by mortgage-market problems: report (Reuters via Yahoo! News)
Five of North America’s largest credit unions are reporting big paper losses on mortgage-related securities, a sign that housing-market distress is spreading even to the most risk-averse financial sectors, the Wall Street Journal (WSJ) said on Monday.

June Quarter 2008 Financial Statements and MD and A - Sydney Morning Herald
June Quarter 2008 Financial Statements and MD and ASydney Morning Herald, Australia - Aug 12, 2008These methods include sensitivity analysis in the case of interest rate, foreign exchange and other price risks, aging analysis for credit risk and beta …

Urban Shares Drop Most Since Listing on Increased Credit Risk (Bloomberg.com)
Aug. 11 (Bloomberg) — Urban Corp. , a Japanese real estate company, had a record drop in Tokyo trading as concern increased over its credit risk. Urban fell 29 percent to 69 yen at the morning break on the Tokyo Stock Exchange, the biggest drop since the shares started trading on the bourse in December 2000. The company had the largest decline among 1,719 companies on the Topix index.

Risk concerns prompt Moody s to lower rating for Morgan Stanley (Tacoma News Tribune)
Morgan Stanley had its long-term credit rating lowered by Moody s Investors Service, which cited the second-biggest U.S. securities firm s failed risk-management practices.

Zylog Systems in partnership with Kamakura corp - Business Standard
Zylog systems is a global software company which works extensively with major banks in India through its offices in Chennai, Mumbai and New Delhi. The Kamakura Risk Management system is said to be the world s first system that analyses market risk

TEXT-Fitch report on Indian banks - Reuters India
Aug 7 - Fitch Ratings has today commented that the renewed focus on risk brought by the Basel II guidelines has been timely, given the current credit environment that is turning increasingly challenging. The release of capital in a few of the

UPDATE 1-Fannie Mae posts 4th straight qtly loss,cuts dividend - Reuters UK
NEW YORK, Aug 8 (Reuters) - Fannie Mae (FNM.N: Quote , Profile , Research ), the largest U.S. home funding source, on Friday posted its fourth straight quarterly loss as home loan defaults increased and said it would slash its dividend more than 85

Risk manager - Accountancy - credit risk - market risk- oil - gas - Silicon.com
My clients are a UK based oil business which have operations in UK, Germany, and Netherlands and has sold fuels into North America, Africa and the Middle East along with numerous locations within Europe. They are now looking for a Risk manager to

MasterCard, Visa expected to profit by avoiding problems with credit - Omaha World-Herald
Shares of MasterCard Inc. last week suffered their worst one-day decline since the company went public in 2006. The 9.8 percent drop on Thursday came despite the company’s reporting good second-quarter earnings, excluding a one-time charge for a

The big freeze: A year that shook faith in finance - Financial Times
J ust over a year ago, Hiroshi Nakaso, a senior official at the Bank of Japan, started to fear that the global financial system was heading for a jolt. Back then, most American policymakers assumed that the western banking system was extraordinarily

Senior C# Technical Consultant, Energy Trading / Credit Risk, London - Silicon.com
Microsoft Technologies, SQL Server, C#, ASP.NET, VB, Client Facing, Travelling in Europe, Credit Risk, Energy Trading Our client has a market leading credit risk application running in Energy Trading organisation within Europe and the US. Their

NY Fed Expands Push to Stem Risk in Over-Counter Derivatives - Bloomberg
NY Fed Expands Push to Stem Risk in Over-Counter DerivativesBloomberg - 15 hours agoThey also committed to start clearing by yearend some credit-default swap trades through a central counterparty that could absorb the failure of a …US Credit swaps clearinghouse to start by year-end guardian.co.ukall 9 news articles

GMAC and Ford pull back on leases as credit tightens (Reuters via Yahoo! News)
GMAC and Ford Motor Credit disclosed steps on Tuesday to cut back on auto leases in a move that leaves automakers facing the risk of even more pressure on auto sales already at decade lows.

Asset-backed CDOs face extinction after turmoil - Financial News
Asset-backed CDOs face extinction after turmoilFinancial News, UK - 4 hours agoIn a report entitled Credit Risk Transfer , the BIS highlights a failure to understand the high-risk nature of the securities as a key reason behind …

Counterparty credit risk jumps again - MarketWatch
Counterparty credit risk jumps againMarketWatch - Jul 15, 2008By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) — Counterparty credit risk in the derivative market jumped again on Tuesday as concerns mounted …Counterparty credit index weakest since March Reutersall 4 news articles

Zoot Enterprises Presents Webinar on Predictive Analytics to … - Business Wire (press release)
Business Wire (press release)Zoot Enterprises Presents Webinar on Predictive Analytics to …Business Wire (press release), CA - Jul 18, 2008Zoot Enterprises' Vice President of Product Development Tom Johnson, CG2's Executive Vice President Andy Callen and Tim Bates, a senior credit risk …

Counterparty credit risk jumps again as banks pressured (Market Watch)
Counterparty credit risk in the derivative market jumps again as concerns mount about the impact of the housing slump and credit crunch on big banks including Wachovia, Citigroup and J.P. Morgan Chase.

Zoot Enterprises Presents Webinar on Predictive Analytics to Mitigate Risk (Business Wire via Yahoo! Finance)
—-Zoot Enterprises: WHO: Zoot Enterprises’ Vice President of Product Development Tom Johnson, CG2’s Executive Vice President Andy Callen and Tim Bates, a senior credit risk management executive at a top-10 U.S. bank, will present a one-hour educational Webinar, “Credit Risk in the New Economy.”

Managing Credit Risk 2nd Edition: the Great Challenge for Global Financial Markets, Including Important Updates and … (Business Wire via Yahoo! Finance)
DUBLIN, Ireland—-Research and Markets has announced the addition of the “Managing Credit Risk: The Great Challenge for Global Financial Markets, 2nd Edition” report to their offering.

PIC Solutions Presents at Credit Risk Management Summit - Newswire Today (press release)
PIC Solutions Presents at Credit Risk Management SummitNewswire Today (press release), UK - Jul 11, 2008NewswireToday - /newswire/ - Cape Town, Western Province, South Africa, 07/11/2008 - PIC Solutions has been invited to present at the third Credit Risk …

Rating agencies in the spotlight once more - Computer Business Review
ABC NewsRating agencies in the spotlight once moreComputer Business Review, UK - Jul 9, 2008This change goes to the heart of the potential conflict of interest that exists with the role of the agencies as the arbiters of credit risk. …Who Should Bear Responsability For Mistakes Made in Assigning … RGE MonitorSEC Proposes Changes to Money Market Fund Regulations And Other … Mondaq News Alerts (subscription)Less Than An AAA Rating ForbesCityWire.co.uk - The Associated Pressall 330 news articles

Moody’s assigns A3 rating to Tamweel Sukuk Limited - Zawya.com
Paris, July 07, 2008 — Moody’s Investors Service has today assigned a provisional A3 rating to the Sukuk Trust Certificates due 2013 to be issued by Tamweel Sukuk Limited. The rating outlook is stable. The amount of Sukuk to be issued is not yet

Discover Financial Services opens data subsidiary in Shanghai, China - Financial Express
Monday , July 07, 2008 at 1458 hrs Discover Financial Services announced the opening of a new subsidiary, Discover Information Technology (Shanghai) Ltd., in the People’s Republic of China, to support Discover’s data analysis and modeling operations

Business Analyst - Credit Risk IT - Silicon.com
Tags: business analyst , credit , background , credit risk , extensively A large investment bank is recruiting for a business analyst to work extensively within its credit risk IT team. The bank is a fast growing organisation based in the City and