In a break with tradition, HSBC Holdings has hired outside of the bank for a top post, appointing Mark Tucker, the executive director, group chief executive and president of Hong Kong-based insurance provider AIA Group Ltd. (AIA), to become group chairman and a director on the bank’s board. The news from the global banking giant… Read More >>
Markit, ISDA Move to Settle EU Probe
Markit, the U.K. data provider, and the International Swaps & Derivatives Association (ISDA), an industry trade group, have offered concessions in an effort to settle a European Union antitrust investigation into possible collusion in the credit default swaps (CDS) market, according to the European Commission. The Commission is seeking feedback from interested parties on the… Read More >>
