• Markets Right Now: Indexes drift in midday trading

    10 days ago - By Stl Today

    NEW YORK - The latest on developments in financial markets :
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  • Goldman Sachs and JPMorgan are pitching a way to profit from the next financial collapse

    Goldman Sachs and JPMorgan are pitching a way to profit from the next financial collapse

    10 days ago - By Business Insider

    LONDON - Goldman Sachs and JPMorgan are offering clients a new investment product that gives them a chance to bet on the next banking crisis.
    Both Wall Street giants are now making a market for derivatives which offer investors the chance to bet on or against bank bonds known as Additional Tier 1 notes, according to a Bloomberg report.
    Additional Tier 1 notes are securities issued by major lenders in the aftermath of the Eurozone debt crisis as a means to protect taxpayers from expensive bail outs in the event of another crisis, with the risk instead borne by investors.
    The bonds yield an...
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  • Markets Right Now: Stocks open lower on Wall Street

    11 days ago - By Stl Today

    NEW YORK - The latest on developments in financial markets :
    Read more ...