Back to Search Start Over

Suit Puts Focus on Derivatives' Murky World.

Authors :
Mollenkamp, Carrick
Marshall, Tom
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.

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