The Wall Street Journal reported that Deutsche Bank documents show for the first time the scope and manner in which a bank painstakingly constructed a string of trades in the hopes of profiting from small changes in various rates.
The Wall Street Journal said that banks are ending the year largely resigned that their activities will be constrained and monitored more closely by the government as a result of JPMorgan’s “London whale” losses.
The Wall Street Journal reported that federal agencies are examining allegations that Regions Financial improperly classified loans that went bad during the financial crisis.
In an effort to provide an end-of-the-year update on the syndicated loan market, Trimingham’s Hugh Larrett-Smith discusses the sector both here and abroad with leading lenders. He also offers an historical perspective detailing the success of Bernard Baruch and how syndicated loans have thrived throughout the centuries.