Goldman Readies Claims Trading for Wiped Out Credit Suisse Debt
Goldman Sachs traders preparing to take bids on claims against Credit Suisse riskiest bonds after takeover of Swiss lender wiped out 16BN of the debt.
Goldman Sachs traders preparing to take bids on claims against Credit Suisse riskiest bonds after takeover of Swiss lender wiped out 16BN of the debt.
Behind the recent financial turmoil and contagion fears, is a still-strong US economy, the MLIV Pulse survey shows.
Veteran macro trader Adam Levinson is shutting down his hedge fund after being hit by losses amid ongoing bond market volatility.
Mohamed El-Erian says the latest upheaval surrounding First Republic Bank will make banks rethink their standards and prepare for tougher regulation.
Biggest US banks have been whittling down their direct exposure to Credit Suisse Group AG for months.
Signs of increased pressure w/in US dollar funding markets as fears grow around outlook for banks and turmoil drives lenders to shore up own cash buff
SVB failed because its managers made a textbook mistake, according to former Treasury Secretary Larry Summers.