Brazen : big banks, swap mania and the fallout
By: Abdel-Khalik, A. Rashad
Material type:
BookPublisher: Singapore ; World Scientific Publishing Co. Pte. Ltd., c2019.Description: xxvii, 523 p. : ill. ; 24 cm.ISBN: 9789811203121; 9789813275560; 9811203121Subject(s): Banks and banking -- Moral and ethical aspects -- United States | Nonprofit organizations -- Finance -- United States | Swaps (Finance) -- United States | Public welfare -- United States | Banks and banking -- Moral and ethical aspects | Nonprofit organizations -- Finance | Public welfare | Swaps (Finance)DDC classification: 332.10973 AB BR Online resources: Location Map
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. --
| Item type | Home library | Call number | Status | Notes | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|---|
| REGULAR | University of Wollongong in Dubai Main Collection | 332.10973 AB BR (Browse shelf) | Available | Mar2020 | T0064381 |
Total holds: 0
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. --