Structured products house of the year - Barclays Capital

philippe-el-asmar

The structured products business was hit hard by the crisis, with demand all but evaporating in the months following the failure of Lehman Brothers in September 2008. Lehman had been a major issuer of structured notes, and its demise underscored to investors – in many cases for the first time – that buying a note meant they were exposed to the counterparty credit of the issuing bank. At the same time, a major drop in equity markets and spike in correlation and volatility left investors nursing h

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