Tag:
Derivative
Latest Headlines
Latest Headlines
Will Goldman Sachs really face a criminal probe?
The news that the Justice Department is conducting a criminal investigation of Goldman Sachs ( NYSE: GS ) was initially greeted with the view that it will not likely bring charges. That view was grounded in the assumption that it was looking into the same matter that the SEC ( SEC news) was l
SEC declines to charge John Paulson
Is John Paulson ( John Paulson news) getting a free pass? A lot has been made of the fact that he is not being charged. But really how could the SEC ( SEC news) charge him? I can't think of a law that proscribes what he did. The issue is Goldman Sachs ( NYSE: GS ) and its disclosures about
California seeks information on bank CDS activity
The California state treasurer has won praise from Breakingviews for his attempt to learn more about trading practices of big banks when it comes to credit default swaps ( CDS news) on California municipal bonds ( bond market news). Bill Lockyer has written to six big dealers, requesting
The future of securitization
The last thing anyone wants to do is throw the proverbial baby out with the bathwater. The industry's baby in this case is securitization, which ranks as perhaps the most profound financial movement of the past half-century ( financial data security news).
You would be hard-pressed to find
AIG seeks to end bonus controversy
The headlines may well scream that AIG ( AIG )--the one financial company that absolutely cannot argue that it did not need a taxpayer bailout--is paying another $100 million in bonuses to folks in its controversial financial products division. But the payments represent a reasoned attempt to wi
Morgan Stanley to beef up trading?
It's no secret that Morgan Stanley ( MS ) has lagged Goldman Sachs ( GS ) and JPMorgan Chase ( JPM ) in sales and trading. The Financial Times notes that in 2009, Morgan Stanley had revenues of $5 billion in fixed income trading ($8.8 billion excluding an accounting loss) compared with $
What to make of Wall Street risk?
The top investment banks have been saying loud and clear that the trading risks they're taking on these days stem from agency trades not so much proprietary trades. But a Reuters columnists thinks the issue ought to be cleared up and wants people to understand that even agency trades require l
What to make of Wells Fargo?
Wells Fargo would certainly like to be avoid being lumped in with Citi and Bank of America in the industry's losers column. It would rather be mentioned in the same breath as JPMorgan Chase, one of the unquestioned winners.
Management has certainly had a lot to crow about recently, even though
Big accumulator scam in Hong Kong
Forbes weighs in on the accumulator--or I-Kill-You-Later--scam in Asia. Wealthy investors are sold a derivative that calls for them to accumulate large blocks of shares of a Hong Kong-listed stock "every day for, say, 12 months at a discount to the share price. You could load up on lots of a $
Rehypothecation escapes reform movement?
Chances are you've heard the term rehypothecation. It refers to the practice by broker dealers of using the cash collateral posted by trading partners for its own purposes. Obviously, these are funds that are supposed to collateralize a trade, providing a cushion should the trading partner not be
