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BarCap plans a second private CFXO

LONDON – Barclays Capital is planning another privately placed collateralised foreign exchange obligation (CFXO), worth e20–e50 million ($26–$65 million), after closing its first at the end of 2006. The original transaction was also privately placed and…

Cognotec email gives mixed messages

In an email sent out to key clients last week, Cognotec said it is going through yet another corporate restructure. It said the headcount at the company had significantly increased over the past 18 months, doubling its development resources, primarily…

ECB, BoE leave rates unchanged

Daragh Maher, senior FX strategist at Calyon in London, evaluates the European Central Bank and the Bank of England's inaction on rates last week, and what lies ahead

Texas court fines PIC $123 million

WASHINGTON DC – The Texas Federal Court has levied more than $123 million in fines and restitution, in a case filed against Premium Income Corp (PIC) and its affiliates, Inforex and Tri-Forex International.

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