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Brazen: Big Banks, Swap Mania and the Fallout

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Brazen: Big Banks, Swap Mania and the Fallout - Abdel-Khalik, A Rashad
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Following the 2008 Financial Crisis, news broke that big banks in the US were collecting hundreds of billions of dollars from non-profit parties. These enormous sums represented annual settlement and termination payments for bilateral contracts known as Interest Rate Swaps (IRSs). Starting in the late 1990s, big banks targeted non-profits for massive sales of all types of such contracts. Non-profits ended up being perennial losers, eventually owing enormous sums of money to the banks for nothing received.

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Brazen: Big Banks, Swap Mania and the Fallout 2019, Ws Professional

ISBN-13: 9789813275560

Hardcover

Brazen: Big Banks, Swap Mania and the Fallout 2019, Ws Professional

ISBN-13: 9789811203121

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