Tag:
ABX
Latest Headlines
Latest Headlines
Subprime worries still haunt banks
The big worry in the debt market right now of course is the Greek tragedy that started with that country's bond ( bond market news) debacle and may soon spread to other sovereign debt. That is certainly influencing perceptions of banks right now. I doubt we'll see another bond market meltdown o
Markit under investigation
If you are familiar with the CDS market, you are well aware of how much influence Markit has. The tiny firm owned by top dealers--including JPMorgan Chase, Goldman Sachs, Citigroup, Deutsche Bank, Bank of America and Morgan Stanley--had developed and licensed the only derivatives pricing benchmark
The greatest short bets of all time
When John Paulson, of Paulson & Co., bet against mortgage-backed collateralized debt obligations, he didn't hold back. His funds shorted the ABX and longed various credit default swaps--and it paid off. His $15 billion profit in 2007 is the stuff of legends. According to Business Week Online
