Two new ETFs let investors delve into the complicated world of credit default swaps. Finally, right? Though anyone can buy in, they’re mostly for institutions.
In the latest scandal to rock the world of finance, British investment bank Barclays has admitted to manipulating a major index.
On Wednesday, the Securities Exchange Commission adopted a new rule defining who needs to be regulated in the over-the-counter swaps market.
This week the debt crisis in Europe increasingly featured Italy in addition to the already-fraught economies of Greece, Ireland and Portugal. The increased possibility of Italy as a potential debt defaulter alarmed many as the Italian economy is the third largest in Europe. The country’s tenuous financial position was thrown into stark relief after a