credit default swaps

What's an index of credit default swaps?

Friday, May 11, 2012

Big bets on an obscure index lay at the heart of JPMorgan's losses this week. Sr. Producer Paddy Hirsch explains how an index of CDS works.

Posted In: credit default swaps, index, JPMorgan

'London Whale' taking big bets in debt market

Interview with

Stephen Beard

Friday, April 6, 2012

A financial trader known as the "London Whale" is making a splash on Wall Street, taking a huge bet worth possibly tens of billions of dollars on corporate credit default swaps.

Posted In: London Whale, credit default swaps

Did writing off debt in Greece count as a default?

Stephen Beard

Friday, March 9, 2012

In Greece, private investors have agreed to write off about 75 percent of their loans to the country.

Posted In: Greece, credit default swaps, Europe, default

Explainer: Greece's 'selective default'

Interview with

Stephen Beard

Tuesday, February 28, 2012

Yesterday, Standard & Poor's downgraded Greece's credit rating to "selective default." It's a move that everyone expected, but what's the difference between that and the messy default it was trying to avoid?

Posted In: Greece, default, selective default, credit default swaps, Standard & Poor's