credit derivatives news
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ProShares files to launch ETFs backed by credit default swaps
New York City :: NY :: USA | 14 days ago
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ProShares has filed with the Securities and Exchange Commission to launch a number of exchange-traded funds backed by credit default swaps , as new regulations for the privately traded contracts reduce some of their risks and open the market to new
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American Overseas Group Limited Announces Second Quarter 2012 Net Loss Available to Common Shareholders of $2.5 Million and Operating Income of $1.5 Million
Saint George :: Bermuda | 9 months ago
Credibility
AOG or the Company) today reported second quarter 2012 net loss available to common shareholders of $2.5 million, or $0.93 per diluted share. This compares to net loss available to common shareholders of $1.5 million, or $0.58 per diluted share, for
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Report: JPMorgan trading losses may reach $9B
New York :: NY :: USA | 12 months ago
Credibility
organ Chase & Co. tumbled in premarket trading Thursday as a published report said that the bank's losses on a bad trade may be as much as $9 billion — far higher than the estimated $2 billion loss disclosed last month. In May,
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CFTC investigating J.P. Morgan's trades
Washington :: DC :: USA | 1 year ago
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The nation's futures market regulator is investigating J.P. Morgan Chase's use of credit derivatives by the bank's chief investment office, the agency's chairman, Gary Gensler, said Monday...Morgan has admitted losses of at least $2 billion from
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CFTC chief: Agency is reviewing JPMorgan's trading
Washington :: DC :: USA | 1 year ago
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The head of the Commodity Futures Trading Commission says the agency has begun an investigation into JPMorgan Chase's ill-timed bet on complex financial instruments that led to more than $2 billion in trading losses. Chairman
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Hedge funds eye profits from JPMorgan losses
London :: United Kingdom | 1 year ago
Credibility
Hedge funds are positioned to squeeze more profits from JPMorgan & Co's losing position in US credit derivatives, after racking up tidy gains from a lucrative trade that could end up costing the bank more than $3 billion. Managers who spotted a huge
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DealBook: As Volcker Rule Nears, Banks Tread Fine Line on Proprietary Trading
San Francisco :: CA :: USA | 1 year ago
Credibility
These ubiquitous trading practices are creating a headache for regulators who are trying to devise new rules to prevent another financial crisis. Regulators are putting the finishing touches on the so-called Volcker Rule , which would ban banks from
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Goldman Sachs eyes CDS trading with platform
New York City :: NY :: USA | 1 year ago
Credibility
Goldman Sachs may extend its new bond trading platform to cover other fixed income products such as credit derivatives after it starts trading corporate bonds this month, sources close to the firm said on Friday. The New York-based investment bank
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Former head of structured credit: 'We saw numbers behave in ways barely conceived possible' | Joris Luyendijk
London :: United Kingdom | 1 year ago
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My department's potential losses were hundreds of millions of pounds and several billions across the whole of the bank...In fact, we were bankrupt three or four times; our bank owed more than it owned. We were lucky to have a parent company with very
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Rescuing the financial derivatives market from gamblers
London :: United Kingdom | 1 year ago
Credibility
No regulation of the derivatives market could work without a strong mandatory clearing mechanism that provides raw data on exposure and use to regulators in policing the markets for misuse and containing associated credit, market and other risks,
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