The cost of protection on some of the world’s largest dealers surged on Friday as uncertainty grew over the US government’s $700 billion plan to purchase devalued assets from financial institutions.
Source: Risk magazine | 29 Sep 2008
Topics: Goldman Sachs, Barclays, Citi, Lloyds Banking Group, Morgan Stanley, Wachovia, American International Group (AIG), Bank of America Merrill Lynch (BAML), Credit default swaps (CDSs), HSBC, JP Morgan Chase, Royal Bank of Scotland (RBS)
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