Word: financees
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Credit default swaps were seen as easy money for banks when they were first launched more than a decade ago. Reason? The economy was booming and corporate defaults were few back then, making the swaps a low-risk way to collect premiums and earn extra cash. The swaps focused primarily...
The CDS market then expanded into structured finance, such as CDOs, that contained pools of mortgages. It also exploded into the secondary market, where speculative investors, hedge funds and others would buy and sell CDS instruments from the sidelines without having any direct relationship with the underlying investment. "They're...
But as the economy soured and the subprime credit crunch began expanding into other credit areas over the past year, CDS investors became jittery. They wondered if the parties holding the CDS insurance after multiple trades would have the financial wherewithal to pay up in the event of mass defaults...
Top economists and business leaders with expertise in India’s economic development gathered at Harvard Business School (HBS) yesterday for the school’s fifth annual India Conference, a day-long event that boasted 10 panels with the unifying theme of “Charging Ahead.?...
Others aren't that patient. "We need drastic measures to solve these problems," says Yamamoto of Royal Bank of Scotland. "Intervention may work to buy time, but it's not a fundamental solution. The authorities in Japan know this and they're hesitant to act." Finance Minister Fukushiro Nukaga did...