Institutional & Investment Banking

Oil trader Vitol has purchased a northern England power plant as Swiss-based commodities traders buy and lease a variety of assets, including pipelines, terminals and refineries. Read More

The yield on Greece's 10-year bond has dropped below that on longer-dated debt as investors signal a decreased risk of default. "It's an indication the market is less concerned about a debt restructur… Read More

ISDA is working with market participants on proposals governing credit default swaps that should streamline the payout process if adopted. The situation has prompted traders to sell older CDS contract… Read More

The New York Public Library and the Commonwealth of Pennsylvania have settled their disagreement over who is the rightful owner of the original Bill of Rights that is in the possession of the library.… Read More

Financial advisers in the Oklahoma City area have been struggling to contact clients after a major tornado Monday. Advisers were dealing with a lack of phone capabilities, Internet and television imme… Read More

NYSE Euronext and the Credit Suisse Group have agreed on a proposal to test a "trade-at" rule that would require orders be sold at the best price. They will need the Financial Industry Regulatory Auth… Read More

Japan and South Korea were big winners among Asian-Pacific markets Wednesday as the Bank of Japan ended a two-day meeting, leaving monetary policy unchanged. Japan's Nikkei 225 added 1.6%. South Korea… Read More

Declines in the shares of the two leading Australian banks and China's ICBC on the sale of Goldman Sachs' remaining stake led Asian markets lower Tuesday. The Hang Seng fell 0.54% to 23,366.37, the Ko… Read More

Because Hong Kong, Singapore and Japan rolled out Basel III on time at the beginning of 2013, and the U.S. and Europe didn't implement the new standards, Asian financial firms are now put at a competi… Read More