Special report: The Americas

Special report: The Americas


The structured certificates of deposit (CDs) bandwagon was full to bursting at the end of last year with the arrival on the scene of Goldman Sachs. If it was required, the US investment bank's first foray into market-linked CDs confirmed the trend. So now everyone is at it.

In a market that has long searched for a packaged product that offers more than a hint of principal protection, there is a sense of completion now that the CD is so firmly established in structured product circles. The

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