For far too long, brokers have been selling their older clients complex investments known as structured products. These products are so risky, and so costly in fees, that some of them are almost sure ...

The county treasurer, Robert Citron, borrowed $14 billion in 1991 and invested it in complex derivatives contracts, primarily with Merrill Lynch & Company. According to The New York Times, this sort ...

Earlier this year, a hedge fund structured two trades worth $642 million, reminiscent of pre-2008 crisis transactions. Bayview Asset Management sold credit default swaps (CDS) to Huntington (HBAN) and ...

The governing agreements for a wide range of transactions, from the most basic financing arrangements to the most complex derivatives trading relationships, frequently include a “cross-default” event ...