Published on
Dec 20, 2024
Inside Wall Street’s booming $1tn ‘synthetic risk transfer’ phenomenon
When Wirecard went belly up a few years ago, Deutsche Bank ended up with a loss of just €18mn — miraculously little for a bank that had up until then made a habit of ambling into nearly every major financial cow pie in the world. And this had been a giant …
Source:
The Financial Times
-
Neutral
