Credit Default Swaps

A single bet on Deutsche Bank’s credit default swaps seen behind Friday’s rout

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A single bet on Deutsche Bank’s credit default swaps seen behind Friday’s rout

Regulators are singling out a trade on Deutsche Bank AG’s credit default swaps that they suspect fuelled a global selloff on Friday. It was a roughly ₹5 million ($5.4 million) bet on swaps tied to the German bank’s junior debt, according to people familiar with the matter, who said regulators have spoken to market participants … Read more

Credit Suisse CEO said bank’s liquidity basis is “very very strong”

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Credit Suisse CEO said bank’s liquidity basis is “very very strong”

Credit Suisse Chief Executive Ulrich Koerner spoke of the strength of the Swiss lender’s liquidity basis in an interview with CAN on Wednesday, after its share price dropped more than 30% following comments by the company’s lead investor. “Our capital, our liquidity basis is very very strong,” Koerner said. “We fulfill and overshoot basically all … Read more