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082 | 0 | 0 | _a332.10973 AB BR |
100 | 1 |
_aAbdel-Khalik, A. Rashad _934566 |
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245 | 1 | 0 |
_aBrazen : _bbig banks, swap mania and the fallout _cA. Rashad Abdel-Khalik |
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_aSingapore ; _bWorld Scientific Publishing Co. Pte. Ltd., _cc2019. |
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_axxvii, 523 p. : _bill. ; _c24 cm. |
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504 | _aIncludes bibliographical references (pages 481-510) and index. | ||
520 | _aFollowing 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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_aBanks and banking _xMoral and ethical aspects _vUnited States _934567 |
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650 | 0 |
_aNonprofit organizations _xFinance _vUnited States _934568 |
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650 | 0 |
_aSwaps (Finance) _vUnited States _934569 |
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650 | 0 |
_aPublic welfare _vUnited States _934570 |
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650 | 7 |
_aBanks and banking _xMoral and ethical aspects _934571 |
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650 | 7 |
_aNonprofit organizations _xFinance _918418 |
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650 | 7 |
_aPublic welfare _929823 |
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650 | 7 |
_aSwaps (Finance) _927306 |
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_uhttps://uowd.box.com/s/by5s136tzpldve1nb6pq1lp34ssidrh2 _zLocation Map |