North America News

US broker-dealer to recompense US$2m over XIV ETN sales

North America | Regulations & Legal

20 Nov 2024 by Summer Wang

Finra has imposed sanctions on a Georgia-based broker-dealer over its mis-selling of XIV, a now-defunct exchange-traded note (ETN) issued by Credit Suisse.

SRP Americas Awards 2024: Merrill broadens issuer partners, set to hit US$14bn sales

North America | Products

19 Nov 2024 by Summer Wang

The wealth manager arm of Bank of America (BofA) expects to further increase its custom structured note offerings from third-party issuers in 2025.

Exclusive: Causeway Securities opens NYC office, adds former iCapital executive

North America | People

18 Nov 2024 by Summer Wang

The UK structured product intermediary has opened a Manhattan office today as part of its "aggressive hiring and business plan”.

Annuities: BNPP unveils night owl index

North America | Products

14 Nov 2024 by Summer Wang

In this week’s roundup, we also look at the latest developments at Jackson, AIG and Principal on top of an update of IUL market.

Canada’s OCS records CA$34.2bn structured notes outstanding

North America | Regulations & Legal

13 Nov 2024 by Summer Wang

The volume is in record territory with a 12.5% increase year-on-year for the Toronto-led capital markets.

SRP Americas Awards 2024: GS capitalises on futures indices and catapult payoff

International | Products

12 Nov 2024 by Summer Wang

It’s been a bright year for the US structured notes and over-the-counter (OTC) hedging businesses at Goldman Sachs (GS).

Canada Market Review, Q3 2024: BMO pitches single stock, ETF with decrement overlay

North America | Market Reviews

07 Nov 2024 by Summer Wang

Issuance activities of structured notes in the country slowed down after a strong Q2, but the offerings of new underliers are underway.

SRP Americas Awards 2024: Raymond James logs US$5.6bn sales as ‘internalisation’ continues

North America | Industry

05 Nov 2024 by Summer Wang

A recent partnership with a valuation and analysis start-up founded by former Morgan Stanley executives has strengthened the annualised sales which represented a growth of over 50%.

Spotlight on US: decrement indices stagger

North America | Indices

01 Nov 2024 by Summer Wang

The demand for decrement indices in the US structured note market has been faltering despite this year’s growth.