Reports that Crédit Suisse and Union Bank of Switzerland are considering a merger have been downplayed by observers. A merger would create the world's biggest bank outside Japan. As FX Week went to press no formal bid had been made and sources in Zurich put the chances of a deal going through at less than 50 per cent, given the anti-trust and cultural concerns a merger would raise. Top UBS officials including chief executive Mathis Cabiallavetta say that the bank is open to "new ideas" but was

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A view from the buy side: Calpers

Volatile markets have posed challenges for participants in the FX market across the globe. Eric Busay, portfolio manager at Calpers, talks about the Swiss franc, US dollar and regulatory change. By Farah Khalique

Ex-Lehman staff form action group

LONDON - A group of around 30 former Lehman Brothers employees in London have formed an action group seeking to win compensation from the collapsed US investment bank.

Solutions to rouble trouble

The rouble derivatives market developed in haste after further liberalisation of the currency in July 2006 and positive changes to the Russian Civil Code 1062, centring around the previous treatment of derivatives as gaming, in January 2007.

US lets China off the hook

WASHINGTON, DC - The US Treasury has cleared China of manipulating its currency to gain unfair trade advantages against the US.

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