As Congress and the Obama Administration consider changes in financial market regulation, much attention is focused on once obscure and still poorly understood financial instruments known as credit ...
Argentina’s debt default in 2001 was traumatic for many, not least for banks, which did little to manage their loan exposures and were badly caught out. Many have learnt their lesson and in turn have ...
Rising interest rates and fears of a looming recession were always going to make 2023 an interesting year for credit markets. But even as borrowers defaulting on their debts moved up investors’ ...
Some people find themselves at the right place at the right time. So it was for Terri Duhon when she joined JPMorgan in New York a decade ago. After three years on the interest rate derivatives desk, ...
Structured credit derivatives have long been one of Citigroup’s calling cards within its global markets division. The US bank was a pioneer in the re-emergence of the bespoke tranche market over the ...
The $650 trillion derivatives market is a nightmare scenario waiting to happen. First problem: the size. It's 36 times the size of the U.S. GDP and over eight times larger than the world GDP, that is, ...
BNP Paribas does not have the world’s largest credit derivatives business. Depending on how it is measured, that honour probably lies with JPMorgan, although Deutsche Bank and Goldman Sachs are also ...
NEW YORK & LONDON--(BUSINESS WIRE)--April 1, 2003--Morgan Stanley (NYSE:MWD) and JPMorgan Chase & Co. (NYSE: JPM) announced today a plan to combine their suite of globally traded credit default swap ...
Citigroup Inc.C-0.72%decrease; red down pointing triangle bought a multibillion-dollar book of credit derivatives from Credit Suisse Group AG during the second quarter of this year, in another sign of ...