Hints and tips:
...ICAP’s currency spot-trading system, EBS, is market leader in this trade but competitors are taking share and the unit recently lost its chief executive, HSBC noted....
...Mr Ross’s suggestion comes as the Irish government considers second-round bids for EBS....
...The idea of buying stakes now in one of the “big two” – Allied Irish Banks or Bank of Ireland – or in EBS, the building society, would be attractive as long as government guarantees on legacy toxic assets...
...As for the peripheral markets of the eurozone, the group came close to buying into EBS, the Irish building society, though that was shelved....
...Ireland’s EBS, another building society, is in talks with a selection of financial groups about a similar recapitalisation....
...It is also known to be weighing a €300m-€400m deal to recapitalise EBS, the Irish mutual bailed out by the state this year, and has hired JPMorgan to advise it....
...EB: Neutral. FT: US dollar? EB: Negative. FT: California real estate? EB: Short. FT: Larry Fink? EB: Long. FT: Modern art? EB: Neutral. FT: Sam Zell? EB: Sam Zell? Great guy....
...EBS said that it currently has 100 customers using its EBS Prime service, consisting of the professional trading community and smaller banks....
...In contrast to the online world, there are only two significant interbank electronic brokers, EBS and Reuters....
International Edition