When Big Banks Develop New Derivatives, Questions AboundMark Melin
According to a new report, the big banks are looking to remake the derivatives contract “for a new generation,” a term that sounds like it belongs in a political campaign. But amidst this apparent “sales communication” is a little phase littered in reports, “financial innovation,” that might lead knowledgeable insiders to give some old school advice: Watch your wallet when you walk through mid-town . . .
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