In this week's round up we also look at the first profit warnings issued on the back of snowball derivatives losses; HSBC's push in China via the acquisition of Citi's onshore consumer wealth portfolio; Luma's new partnership in the annuities space; the rebranding of Swiss structured products specialist CAT Financial Products, and more.

SIX has launched its Independent Valuation Service, co-created with Avaloq, a valuation service for structured products to address international financial markets’ need for end-of-day product valuations from an independent source. Product valuations are pivotal for asset and risk managers, custodians as well as other financial institutions, guiding investment decisions, risk management, compliance, and reporting procedures - Francesco Marcon Fiastri  Available through the Con

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