Credit Suisse

The FSA has fined the head of European credit sales at Credit Suisse £210,000 for improper market conduct and disclosing confidential client information.

Prudential have announced that chairman Harvey McGrath is to retire from the board of directors in 2012 once a successor has been found.

Barclays was among six global banking groups downgraded by Fitch last night, with the ratings agency citing the challenging financial markets.

The Financial Services Authority (FSA) has fined Credit Suisse £5.95m for failings in relation to sales by its private bank of structured capital at risk products (SCARPs).

The European ETF market could be making a shift towards full replication as synthetic (or swap-based) ETF providers examine their business models, says former iShares CEO Rory Tobin.

French insurer Axa is to sell its £18bn private equity arm, according to reports.

ETFM brings you a roundup of some of this week's ETF and indexing news.

Gilliat Financial Solutions has launched its Growth Multiplier -September 2011, which is the first structured product publicly offered to the UK market with Credit Suisse as the counterparty.

The S&P 500 Short-term VIX Futures index shot up by almost 60% in the week to 8 August, triggering a surge in activity in exchange-traded notes (ETNs) on the index.

Credit Suisse, STOXX and First Trust with new research and offerings