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Suit Puts Focus on Derivatives' Murky World.
- Source :
-
Wall Street Journal - Eastern Edition . 3/28/2005, Vol. 245 Issue 60, pC1-C2. 2p. 1 Color Photograph. - Publication Year :
- 2005
-
Abstract
- Focuses on a lawsuit by Italian Banca Popolare di Intra against the Bank of America Corporation. Claim that the bank improperly sold and managed Intra's investment; Intra's alleged losses; How Intra's resolve to get its money back casts a new light on credit derivatives; Rise of the credit-derivatives market, including collateralized debt obligations; Highlights of the case; Why disputes between issuers and financial institutions that invest in the credit derivatives rarely become public; How credit derivatives have provided an important cushion to the global economy, and to the world's biggest banks that provide much of the corporate lending; Issue of public disclosure.
- Subjects :
- *DERIVATIVE securities
*ACTIONS & defenses (Law)
*COLLATERALIZED loan obligations
*ASSET backed financing
*LENDER liability
*BANK loans
*SECONDARY markets
*COMMERCIAL loans
*BANKING industry
*FINANCIAL services industry
*SECURITIES
*COMMERCIAL credit
*CREDIT
*FINANCIAL disclosure
*DISCLOSURE
*DISCLOSURE in accounting
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 245
- Issue :
- 60
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 16526314