Wall Street's Instruments

Fitch: Subprime Price Rally Hits Month Seven

Posted on Thursday, June 30, 2011

Prices on credit default swaps (CDS) involving subprime mortgages more than doubled their increase from last month, extending the rally to an unprecedented seventh straight month, according to the latest index results from Fitch Solutions. Subprime CDS prices rose 1.7 percent overall, though price ...

As reported in GlobeSt.com, the tax characterization of carried interest is not changed by the legis

Posted on Monday, December 20, 2010

“Job creation is what the economy needs and, as we have been saying for some time, the proposed carried interest tax hike was a job killer,” Real Estate Roundtable President and CEO Jeff DeBoer told GlobeSt.com. “We are pleased it has been set aside.” Real Estate Roundtable President and CEO ...

A Secretive Banking Elite Rules Trading in Derivatives

Posted on Monday, December 13, 2010

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also ...

Wall Street Shrinks From Credit Default Swaps Before Rules Hit

Posted on Wednesday, December 01, 2010

Trading in credit-default swaps, Wall Street’s fastest-growing business before the credit crisis, has tumbled 40 to 60 percent from three years ago as banks prepare for new regulation of derivatives. The declines estimated by executives at four of the biggest dealers of swaps means lower profits...

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