Inside Wall Street’s booming $1tn ‘synthetic risk transfer’ phenomenon
The latest three-letter acronym to excite and alarm people (SRT)
When Wirecard went belly up a few years ago, #DeutscheBank ended up with a loss of just €18mn — miraculously little for a bank that had up until then made a habit of ambling into nearly every major financial cow pie in the world.
https://www.ft.com/content/d91d35fc-93ab-4963-8587-7a00fe5c63b4 #finance #banking
=> More informations about this toot | View the thread | More toots from raymondpert@mastodon.cloud
=> View deutschebank tag | View finance tag | View banking tag This content has been proxied by September (ba2dc).Proxy Information
text/gemini
