Sept 14- CME Group Inc, the world's largest futures market operator, said on Thursday it will exit its over-the-counter credit default swap clearing business by mid-2018. The company said it would dissolve the CDS guarantee fund following the exit, freeing $650 million to CDS clearing members. CME said it would now focus its over-the-counter clearing services...
NEW YORK, June 8- A small trading exchange on Thursday filed an antitrust lawsuit accusing Bank of America Corp, Citigroup Inc, JPMorgan Chase& Co and nine other banks of conspiring to shut it out of the $9.9 trillion credit default swap market. Tera Group Inc accused the banks of coordinating a boycott of its seven-year-old TeraExchange platform by refusing both...
Indonesia penalized JPMorgan after the bank's research arm advised cutting exposure to the country's bonds, an official said Tuesday.
Venezuela's state-owned oil company has warned it is in danger of defaulting on its debts after investors declined an offer to swap bonds.
Recent suggestions to solve China’s massive corporate debt through swaps and securitization could worsen the problem, the IMF said Tuesday.
Any benefits to Malaysia's markets from the sale of assets by troubled 1MDB may be limited to the currency, with analysts still downbeat on stocks.
David Lennox, resources analyst at Fat Prophets, says debt-laden Glencore still has good assets and is taking action to stabilize its balance sheet.
Bond yields and the cost of insuring the country against default rising on fears of intensifying sanctions, recession and falling oil prices.
The ISDA on Friday effectively declared Argentina in default, which could trigger payments worth up to $1 billion on credit default swaps.
Aurelius, along with hedge fund Elliott Management, is firmly holding out on a debt agreement with Argentina.
Markets have frustrated expectations for rising bond yields, but some bond managers are still antsy and are looking to protect their portfolios.
The cost of insuring one-year U.S. government bonds against default rose 5 basis points to 35 bps on Wednesday, rising above the rate of insuring five-year debt.
Speculators – not welcome. That is the message that the EU hopes to send with its looming restrictions on financial bets against the creditworthiness of its members, the Financial Times reports.
After the unveiling of Libor rate-rigging practices among banks, eyes are turning to other markets, worrying that the manipulation would not be limited to Libor rates, the New York Times reports.
What did we think of European Commission President Jose Manuel Barroso’s comments last week on the UK and Europe?
Spain defaulted on its debt six times in the eighteenth century, and seven times in the nineteenth century. It escaped unscathed from the twentieth century, and (still) hasn’t defaulted in the twenty-first century.
Investors are seeking the safest investments and want to protect their portfolios from European exposure and unpredictability. These companies generate revenue entirely in the United States, and many of them pay a dividend that is substantially greater than the 10-year note.
CNBC's Rick Santell weighs in on recapitalizing Spanish banks and leveraging its toxic real estate market.
The triggering of insurance payments on Greek sovereign debt should be a "non-issue" for the markets, as they will happen in an orderly fashion, a representative of the International Swaps and Derivatives Association (ISDA) told CNBC on Monday.
Nouriel Roubini, Roubini Global Economics chairman, explains why the economic recovery is at a "tipping point." He also issues a warning for the Chinese and U.S. economies.