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Brazen : big banks, swap mania and the fallout A. Rashad Abdel-Khalik

By: Material type: TextTextPublication details: Singapore ; World Scientific Publishing Co. Pte. Ltd., c2019.Description: xxvii, 523 p. : ill. ; 24 cmISBN:
  • 9789811203121
  • 9789813275560
  • 9811203121
Subject(s): DDC classification:
  • 332.10973 AB BR
Online resources: Summary: Following the 2008 Financial Crisis, news broke that big banks in the US were collecting hundreds of billions of dollars from non-profit parties. These enormous sums represented annual settlement and termination payments for bilateral contracts known as Interest Rate Swaps (IRSs). Starting in the late 1990s, big banks targeted non-profits for massive sales of all types of such contracts. Non-profits ended up being perennial losers, eventually owing enormous sums of money to the banks for nothing received. --
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Holdings
Item type Current library Call number Status Notes Date due Barcode
REGULAR University of Wollongong in Dubai Main Collection 332.10973 AB BR (Browse shelf(Opens below)) Available Mar2020 T0064381

Includes bibliographical references (pages 481-510) and index.

Following the 2008 Financial Crisis, news broke that big banks in the US were collecting hundreds of billions of dollars from non-profit parties. These enormous sums represented annual settlement and termination payments for bilateral contracts known as Interest Rate Swaps (IRSs). Starting in the late 1990s, big banks targeted non-profits for massive sales of all types of such contracts. Non-profits ended up being perennial losers, eventually owing enormous sums of money to the banks for nothing received. --

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