000 01695cam a2200313 i 4500
999 _c37516
_d37516
010 _a 2018041491
020 _a9789811203121
020 _a9789813275560
020 _a9811203121
082 0 0 _a332.10973 AB BR
100 1 _aAbdel-Khalik, A. Rashad
_934566
245 1 0 _aBrazen :
_bbig banks, swap mania and the fallout
_cA. Rashad Abdel-Khalik
260 _aSingapore ;
_bWorld Scientific Publishing Co. Pte. Ltd.,
_cc2019.
300 _axxvii, 523 p. :
_bill. ;
_c24 cm.
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. --
650 0 _aBanks and banking
_xMoral and ethical aspects
_vUnited States
_934567
650 0 _aNonprofit organizations
_xFinance
_vUnited States
_934568
650 0 _aSwaps (Finance)
_vUnited States
_934569
650 0 _aPublic welfare
_vUnited States
_934570
650 7 _aBanks and banking
_xMoral and ethical aspects
_934571
650 7 _aNonprofit organizations
_xFinance
_918418
650 7 _aPublic welfare
_929823
650 7 _aSwaps (Finance)
_927306
856 _uhttps://uowd.box.com/s/by5s136tzpldve1nb6pq1lp34ssidrh2
_zLocation Map