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Tag Archives: Credit default swap

Whale Trader burns JP Morgan goodwill | Banking Insight

Though JP Morgan would degrade earnings for Q2 by a minimum of $800 mln from yesterday’s announcement, the damage could be more severe for the bank’s decision to hold on … Continue reading

May 11, 2012

JP Morgan’s own Bruno (Stanley Ipkiss) propagates the Big myth | Banking Insight

Bruno Iksil trades Credit Derivatives Indices for JP Morgan. With him at the helm the product’s volumes have increased as investors and banks stay wary of the Credit Default swaps … Continue reading

April 7, 2012 · 1 Comment

ISDA Declares Credit Event | CDS Insight

CDS holders get a welcome few dollars more on the $3 bln Greek CDS outstanding for which an auction will now be held on March 19 or the Tuesday after … Continue reading

March 10, 2012 · 1 Comment

Greek Swap goes through? | Insight Europe

One hour and more past the Thursday deadline, FT is reporting 95% agreement on the swaps which means the CACs are not required and no default is triggered on the … Continue reading

March 8, 2012

Europe: Honey, it’s time to defend the CDS | Insight Europe

Though, sitting in one seat all the time, we can’t continue wishing the world was in our control all the time, there is still a reasonable script out there for … Continue reading

March 2, 2012

Europe: ISDA tackles the tough question of Default in the Greek swap

The ISDA decision is key to the Greek debt situation roll out from here as ISDA contracts enforce all derivatives and despite the flexi nature of OTC derivatives and their … Continue reading

February 29, 2012 · 1 Comment

Derivatives – a quick reckoner..

Mike Mackenzie’s great FT commentary notes the new Derivatives rodeo in full glory.. Central Clearing covers at bet less than 20% of the Derivatives market, nearly $100 tln though and … Continue reading

February 13, 2012 · 3 Comments

Banks to report Details of Europe Exposure | Bank Insight

As per the Fed’s latest directives, banks filing their annual statements with the SEC next week onwards will post details of each and every Europe exposure divvied up as Spovereign … Continue reading

January 30, 2012 · 4 Comments

European Bank Results Season: Emerging Markets Emperor HSBC stays put at $14.4 bln

HSBC pushed out its results this AM with reporting for the two US companies showing an increase in losses on a much reduced income of $2 bln after the sale … Continue reading

November 9, 2011 · 3 Comments

Quality of Bank earnings: The Goldman Sachs CDS writing strategy

In the event that the predictive CDS market actually falls flat again on its face, Goldman Sachs rather perversely, would end up on the wrong side of regulators again for … Continue reading

October 19, 2011 · 1 Comment