Tag:
Counterparty
Latest Headlines
Latest Headlines
Will MF Global fail?
The announcement that John Corzine, coming off of a stumbling political career, would take over as head of MF Global was greeted with enthusiasm back in March 2010. The idea was that a Goldman Sachs guy would bring in new ideas that would embrace some of the magic of his old firm. Corzine inde
Goldman Sachs: Too big to prosecute
We've often wondered whether Goldman Sachs ( NYSE: GS ) is still too big to fail . But a Forbes columnist raises an interesting point: Is Goldman also too big to criminally prosecute?
His thesis is that the firm is so big and powerful as a Treasuries dealer that a criminal prosecution
Senate to release report on subprime crisis
Will the widely anticipated Senate Permanent Subcommittee on Investigations report on the subprime crisis on Wall Street land with an inconsequential thud?
On one hand, the panel seems to have uncovered some new nuggets in its exhaustive look at what was going on at Wall Street firms as they d
Did Goldman get a taxpayer-funded windfall?
The Financial Crisis Inquiry Commission has revived some thorny issues, notably the role of Dick Fuld in the death of Lehman Brothers and the extent to which Goldman Sachs benefitted from a bailout of AIG.
The latter issue has long been contentious, and the FCIC started a new fire by reporting
BP not a systemic risk
Until recently, British Petroleum was a terrific counterparty. Its credit rating was deservedly stellar, and it threw off a lot of cash. It was an active oil trader, and many banks were happy to transact with it. But that was then.
Fitch Ratings just downgraded BP's credit rating six notches t
Pensions aim for new risk management models
Pensions are beginning to address the failures of their risk models. This will take many forms but at its heart, the new risk management systems feature a return to human intervention, that is, a
What can you do about CDS processing right now?
It's fair to say that the credit default swaps market has really overwhelmed its processing infrastructure, at individual firms and in the industry as a whole. In some ways, you can generalize that
Credit derivatives, stock markets brace
The International Swaps and Derivatives Association staged an emergency trading session on Sunday to allow dealers to prepare for the death of Lehman Brothers, a fairly large player. To unwind, or hedge, or whatever else. Many are expecting a significant credit default swaps event. This may be the
Analysts: Lehman Brothers to weather the storm
Has the crisis of confidence in Lehman Brothers passed? Well, the spotlight is no longer as intense, as the white-hot fixation moves to Fannie and Freddie. There remain some issues and lingering worry about its viability as a counterparty, but the Wall Street Journal 's blog notes some good new
Lehman Brothers can't catch a break
Lehman Brothers ' stock took another massive beating from investors this week, as its CDS spreads have soared. Some people might have felt that the shorts, after some huge gains, were ready to cover. Others felt that with the new Fed credit facility at its disposal, there was no reason to fear
