Download table: ABX prices imply savage loss severity ($ bln): Loss given default – expressed as percentage of mortgage amount
Credit valuations service sector heats up
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The accounting farce that’s gone beyond a joke |
INSURANCE GROUP AIG, UK mortgage lender Bradford & Bingley, and wealth manager and investment bank Credit Suisse would at first glance have little in common except that they fall under the broad bracket of ‘financial institutions’.
But in the space of a few days in February, the firms found themselves in similar – and uncomfortable – situations.
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