Relevant:
- How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months
- Banks Lose $836 Million in First Annual Loss in Derivatives
- Credit Default Swaps and Bank Leverage
- Bonds' Liquidity Threat Is Revealed in Derivatives Explosion
- JPMorgan Chase, Goldman Sachs, Citibank, Wells Fargo and More Than 1,800 Other Institutions Believed to Be at Risk of Failure Based on Fourth Quarter 2008 Data
2008-05-22 — bloomberg.com
"Derivatives, including those based on debt, currencies, commodities, stocks and interest rates, expanded 44 percent from the previous year to $596 trillion, the Basel, Switzerland-based bank said in a report today. The amount of credit-default swaps protecting investors against losses on bonds and loans more than doubled to cover a notional $58 trillion of debt."
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