North America News

Goldman expands derivatives pricing tool, replaces Libor on top prop index

International | Products

21 Apr 2023 by SRP News

The US bank has added new asset classes to its derivatives price discovery tool and made changes to the methodology of one of its prop indices as Libor is discontinued.

HSBC deploys new AWS powered equity play via indexed annuity

North America | Products

21 Apr 2023 by SRP News

The UK bank has expanded its range of indices leveraging AI and machine learning.

GS issuance dives in Q1, revenues dip

International | Industry

20 Apr 2023 by Summer Wang

The US bank has significantly decreased its US issuance in Q1 23 - revenues dropped mainly due to a slowdown in its global banking & markets activity.

Litigation: US class action alleges Barclays misled investors into unregistered ETNs

North America | Regulations & Legal

20 Apr 2023 by SRP News

Customers of the UK bank have filed a class action lawsuit against Barclays Plc in a New York federal court alleging violations of the Securities Act.

Citi reports reduced EQD activity, investment product revenue headwinds

International | Industry

19 Apr 2023 by SRP News

The US investment bank’s markets business encountered its third best quarter in a decade, despite reduced client activity in equity derivatives.

Litigation: NY court dismisses leverage ETN case against Credit Suisse

North America | Regulations & Legal

19 Apr 2023 by SRP News

Claims that the Swiss bank caused retail investors significant losses when it chose to de-list its ETN have been rejected.

Litigation: FIA lawsuit spotlights prop index backtesting flaws

North America | Regulations & Legal

18 Apr 2023 by SRP News

A group of investors say they were misled by a fixed indexed annuity that fell far short of back-testing promises and returned almost nothing.

JPM structured products US market share grows

International | Industry

18 Apr 2023 by SRP News

The US bank has reported record net revenue of US$38.3 billion despite a slowdown in markets revenue in the corporate & investment bank (CIB) for the first quarter of 2023.

Spotlight on top issuers in the US (Q1 2023)

North America | Industry

14 Apr 2023 by SRP news

Citi replaced Goldman as the number one issuer in the US structured products market during Q1 2023.