Something rotten’s going on. ‘Bad’ assets shouldn’t linger like a bad smell; they should be picked up by careful dealers with a nose for a winner, just like in the good old days
More Toxic assets articles
The ninth and last fund authorised under the US Treasury's Public-Private Investment Program has closed its initial funding, bringing the programme's spending power to a total of $24 billion. Oaktree Capital Management, based in Los Angeles, invested...
The New York-based managing director and member of BlackRock’s financial markets advisory group tells Credit that the problems caused by toxic assets on US bank balance sheets are far from over. Since the global financial crisis took hold in the summer...
For the top tier banks that survived the financial crisis, aided in no small part by government support, the future seems relatively secure, as the latest round of quarterly results would attest. The same cannot be said for many small US banks, for whom...
UK banking group Barclays last month restructured $12.3 billion of credit assets by effectively converting its holdings into a loan to a buyer of the assets, a move it claims will remove mark-to-market risk and generate more stable returns for the bank....
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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