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Cash management poll 2008:

Cash management poll 2008:

Results now live

Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

July 2008

FX market round-up: HBOS boosts Sydney ops




HBOS, whose dealing rooms operate under the name of Bank of Scotland Treasury, has made two senior appointments to its Australian FX operations. Michael Peric joined as head of trading from NAB in early June. He has been joined by Matt Brady as head of FX trading.







This is a profound ethical issue. These are very sophisticated operations where the counterparty was not a hedge fund – it was not even a financial institution. Should a grocery chain be selling volatility protection?

Guillermo Ortiz, central bank governor, lambasts investment banks for entering FX trades with local retailer Comercial Mexicana which led to Mexico’s monetary authority having to raise over $8 billion to cover positions

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