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The US secondary market in life insurance is being extended to sellers who can ill afford to relinquish their policies.

Sberbank’s chief German Gref has the task of creating a national banking champion for Russia. That includes building a presence overseas.

Just as banks in Russia were beginning to resemble their peers outside the country, engaging in conventional retail and corporate banking, the western financial market crisis hit. Reduced availability of long-term funding from abroad highlights the shortage of such a market in Russia and reveals a systemic vulnerability. Will this help state-owned banks, which had previously been losing market share, turn the tables on their privately owned rivals?

Add your own comments, and read the views of: Ivan Ritossa, head of global markets trading, Asia Pacific, and head of FX and prime services, Barclays Capital; Andrew Brown, global head of FX, HSBC; Jeff Feig, global head of G10 FX, Citibank; Fabian Shey & Reto Stadelmann, global co-heads of FX & money markets, UBS; Lars Hakanson, global head of FX, Société Générale; Eddie Listorti, head of FICC, Dresdner Kleinwort; Alain Delelis, head of FX in the Americas, Credit Suisse; Gerhard Seebacher, head of rates and currencies, Bank of America; Dan O'Sullivan, head of global FX trading, UniCredit Markets & Investment Banking; Zar Amrolia, managing director, global finance and foreign exchange, Deutsche Bank.

The central banks have done a good job on liquidity, but the credit squeeze, the US recession and inflation rather suggest the current calm is the eye of a storm.

HSBC is the latest bank to be hit by attempted fraud. According to sources, police were called in to the Canary Wharf head office to remove two operations staff members on Friday April 25.

Euromoney collected data for its 2008 FX survey by polling named individuals at industrial and commercial corporations, financial institutions, institutional investors and state agencies.

The global foreign exchange market continues to grow at an extraordinary pace, with most of the world’s largest banks reporting noticeable and at times dramatic growth in turnover volumes in 2007. View the results of Euromoney's 30th annual poll.

Following on from last week’s FiX, when I reported that Goldman Sachs was aggressively trying to attract flow from the retail aggregators, word reaches me that the bank is offering some interesting deals.

Chicago-based futures clearing firm Rosenthal Collins Group and New Jersey-based retail specialist Gain Capital have announced they are creating a joint venture, RCG Gain, to establish a presence in the UK.

Icap has entered into a strategic alliance with Korea Money Brokerage, Korea’s largest interdealer broker, with the aim of further developing electronic spot FX in the country. The alliance will offer increased access to Icap’s EBS platform, initially in G7 currencies.

Front end provider TradingScreen has added Credit Suisse’s AES (Advanced Execution Services) FX algos to its TradeFX trading platform. In a slightly hyperbolical press release, the company, which claims to provide “a state of the art FX dealing environment to the largest FX institutions in the market today, says that with Credit Suisse it is “revolutionizing again the trading environment by bringing the benefits of low market impact and enhanced price discovery to the OTC market. It is a natural evolution to our vast offering in algorithmic trading for equities and derivatives to extend its reach to OTC products.”