Entries tagged "CDS"
Gannett has enough problems battling recession and flagging newspaper fortunes. But on top of that, the chain must cope with credit default swaps and empty creditors. The result could be Chapter 11.
So far, ICE is ahead in the race to dominate the credit default swaps clearinghouse game, but whether the entire system makes sense is another question.
AIG chairman Edward Liddy takes his lumps testifying before Congress.
CME has tapped former Allstate executive Pacy Ostroff as director of corporate strategy.
Fannie's and Freddie's bailouts triggered lots of credit default swaps, and so far, so good.
Handleman's liquidation suggests the end of the line for CD sellers.
