Fitch Ratings is revising it process for rating companies set up to sell protection to banks on their derivative exposure after two credit-focused vehicles, backed by collapsed bank Lehman Brothers, filed for bankruptcy.

Lehman Brothers Financial Products and Lehman Brothers Derivatives Products both voluntarily filed for bankruptcy on October 5.

Fitch casts doubt on derivative protection companies

Radi Khasawneh

Crypto hedge funds battle to stay positive after tariffs hit markets

London hedge fund Naya Capital secures Dubai regulatory approval 

Fnality CEO Michelle Neal: ‘Banks are open to integrating blockchain-based payments’  

Deutsche Bank hires top Barclays banker Swerling as global head of ECM

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The German lender has hired Barclays’ co-head of equity capital markets to lead its team globally

Trading Places: Barclays hires new M&A boss, Julius Baer restructures again

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Find out who is on the move in the City and beyond this week

HSBC hands Blackburn top risk role as shake-up continues

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The UK lender has given the leading compliance job to a 20-year veteran

Goldman Sachs, JPMorgan and Morgan Stanley all saw huge jumps in trading revenue.

Bank Trading Desks Are Minting Money From Trump’s Tariff Chaos

The streaming service has shared financial performance targets with staff that underscore its dominance.

Netflix Aims to Join the $1 Trillion Club

Christian Candy, who just listed his New York townhouse for $70 million, paid around $45 million for the unit, which was asking $66 million in 2020.

British Property Developer Buys Billionaires’ Row Penthouse for a Big Discount

French luxury behemoth LVMH said it booked revenue of €20.31 billion for the first three months of the year, 3% lower organically than in the prior-year period.

Luxury Empire LVMH Posts Revenue Below Views Amid Global Trade War Threat

The lender expects a higher capital impact and lower return on investment than initially projected for its acquisition of AXA Investment Managers, after the ECB clarified its regulatory stance.

BNP Paribas Downgrades Projections for AXA Investment Managers Deal

BNP Paribas Downgrades Projections for AXA IM Deal After Regulatory Guidance

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