Lehman Derivatives Defusing Safely

The unwinding of Lehman’s credit default swaps appears to be going well. Market nervousness about systemic risk was said to be at the heart of banks hoarding cash, no financial detonations have been reported. Market authorities reckon the net losses could be as low as $6 billion. Hardly anything…




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Quote of the Day

Speaking at the Salzburg Summit on the Brexit negotiations, Juncker revealed:

“No decision will be taken here. Whenever the Commission is too flexible things are going wrong.”

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