News
Credit Suisse and Citi expect profit losses for Q3
Credit Suisse Group is the latest bank to warn of a third-quarter profit loss. It reported its investment banking and asset management divisions’ profits have been adversely affected by recent market events.
ABN Amro rejects criticism of CPDOs after index roll fails to dent structures
Fears that the September 20 roll of the CDX and iTraxx indices would put CPDO structures under pressure have so far proved unfounded, with the indices tightening less than expected
US investment banks reveal their missing millions
Losses caused by the summer's credit crisis were not as bad as feared at four of the biggest US banks, according to recent quarterly results announcements