10. Best bank for credit default swaps

Best bank for credit default swaps

JPMorgan

JPMorgan has clinched the award for CDS trading by being there for clients all the way through the difficult period the market has endured. "As you can imagine, not everyone was very well prepared for what was going on around Lehman," says Guy America, European head of credit trading at JPMorgan.

"We went through exercises so many times that our traders were able to manage their new risks straight away. The traders provided our clients with liquidity