Sun, sea and basis swaps arbitrageThe global capital markets are about to enter the holiday season – a period traditionally celebrated with greater gusto in Europe than in...
City bankers fear the French kiss of deathBritain and France have a long history as partners, but also as rivals. Any friction that occurs between the nations inevitably carries...
The business of New York is now beating up businessNew Yorkers are angry, and turning on the financiers that made the city what it is. AIG is top of their hate list with one disgruntled...
Dealers scramble for collateral as Lehman CDS unwinds beginVolumes traded in the credit default swaps market were enormous and ranges were huge during a remarkable week in which Lehman Brothers...