In a worst-case scenario, S&P 500 companies might have to bring nearly $7 trillion in derivatives onto their balance sheets...About 97 percent of that would come from five big banks: Bank of America Corp(BAC) , JP Morgan Chase & Co , Citigroup Inc(C) , Goldman Sachs Group Inc(GS) and Morgan Stanley(MS).What a surprise.
5/6/11
Big US Banks Afraid of Derivatives Rules
Reuters reports that some bank balance sheets could nearly double if a draft rule proposal takes effect. More here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment