Washington mutual (wamu)
Settlement resolves civil claims over residential mortgage-backed securities
New York-based credit derivatives product company (CDPC) Primus Financial Products has restructured $1.2 billion of credit derivatives protection the firm had written referencing a monoline insurer.
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Washington mutual (wamu) articles
An auction yesterday established a final settlement price of 57% for Washington Mutual bonds, leaving sellers of credit default swaps (CDS) with higher-than-expected settlement payments as they close out contracts referencing the former US bank.
The financial system has been rocked by a succession of failures and government bail-outs causing stunned counterparties to flee the interbank lending markets. Despite actions from central banks around the world to inject funds into money markets, three-month...
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future