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Credit risk

LCDX index roll postponed indefinitely

London-based data provider Markit is postponing the roll of its LCDX index of 100 North American loan credit default swaps (LCDSs) until negotiations for a new single-name US LCDS contract are finished.

CDS spreads on Icelandic banks hit new highs

The injection on Monday of €600 million from the Icelandic government to acquire 75% of Glitnir Bank has done nothing to ease fears over the bank’s future. Glitnir’s five-year credit default swap (CDS) spreads are now the highest of any European bank,…

Exclusive Interview: Jerry Del Missier

It's been a month that will go down as a seminal time in the history of the banking industry. Big investment banks have failed. Others have stepped in, sensing an unmissable opportunity to extend their franchise. Barclays Capital is one of them. Its…

Beware the Russian bear

The tables have turned on the Russian debt markets. After a splurge of corporate issuance in the last three years, the latter half of this year has proven a tough time for the country's financial markets. Falling oil prices, the Georgian conflict,…

Lehman Brothers losses loom large

The collapse of Lehman Brothers has shocked investors in structured products. Previously immune to the financial crisis in the immediate markets that surround them, those that bought products from the defunct US investment bank are now contemplating…

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