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Credit Suisse launches lawsuit against Zurich finance blog – Financial Times

Credit Suisse has launched a lawsuit against a popular Zurich finance blog over what it claims are unvetted and abusive comments hosted under stories about the Swiss bank since chief executive Ulrich Körner took charge. Lawyers acting on behalf of Credit Suisse submitted the 256-page claim against Inside Paradeplatz and its publisher, Lukas Hässig, in […]

Exclusive: Germany set to assume $230 billion in Uniper derivatives – Reuters

Summary Companies German energy giant Uniper set to be nationalised Derivative positions of Uniper outstrip energy giant BP Uniper to hold Dec. 19 EGM on German state bailout FRANKFURT, Dec 16 (Reuters) – After setting aside almost half a trillion dollars to date tackling its energy crisis, Germany is also poised to take on the […]

Helping Ukraine is ‘self-preservation,’ finance chief says – Albuquerque Journal

FILE – Ukraine Finance Minister Serhiy Marchenko walks outside of the International Monetary Fund (IMF) building during the World Bank/IMF Spring Meetings in Washington, on April 21, 2022. Ukraine’s finance minister says crucial Western financial aid is “not charity” but “self-preservation” as donor countries share the price of turning back Russian aggression. Marchenko told The […]

EU starts crackdown on commodity firms using derivatives markets – Reuters

LONDON, Dec 7 (Reuters) – The European Union flagged tougher requirements on Wednesday for commodity companies using derivatives markets after failing to meet higher collateral calls when gas prices rocketed due to Russia’s invasion of Ukraine. The EU’s executive European Commission proposed the changes in a draft law updating rules on clearing derivatives to better […]

Popular Copilot budgeting and finance app now available on the Mac – 9to5Mac

One of the most popular budgeting and financial planning apps for iPhone, dubbed Copilot, is expanding to the Mac for the first time. Copilot combines in-depth reporting and personalization to help you budget and track your finances, with “hyper-personalized finance data insights powered by machine learning.” Copilot works by aggregating all of your different accounts […]

Understanding derivatives – FT Adviser

Given the current market turmoil where correlations across asset classes have dramatically come together, multi-asset investors should explore every tool in the box, and derivatives have a key role to play. They are most often used to hedge against future price movements and as a way of limiting the risks of price swings in the […]

BIS data shows ‘surge’ in OTC derivatives market value – Central Banking

Data shows a rapid increase in the use of over-the-counter derivatives in the first half of 2022, the Bank for International Settlements has said. Figures published on November 30 show a 47% increase in the gross market value of outstanding derivatives (summing positive and negative values) in the space of six months. The value rose […]