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Brazen : big banks, swap mania and the fallout / A. Rashad Abdel-Khalik (University of Illinois at Urbana-Champaign, USA).
Lippincott Library HG2491 .A23 2019
Available
- Format:
- Book
- Author/Creator:
- Abdel-Khalik, A. Rashad, author.
- Language:
- English
- Subjects (All):
- Banks and banking--Moral and ethical aspects--United States.
- Nonprofit organizations--United States--Finance.
- Nonprofit organizations.
- Swaps (Finance).
- Banks and banking--Moral and ethical aspects.
- Banks and banking.
- United States.
- Finance.
- Swaps (Finance)--United States.
- Public welfare--United States.
- Public welfare.
- Nonprofit organizations--Finance.
- Physical Description:
- xxvii, 523 pages : illustrations ; 24 cm
- Place of Publication:
- Singapore ; Hackensack, NJ : World Scientific Publishing Co. Pte. Ltd., [2019]
- Summary:
- Following the 2008 Financial Crisis, news broke that big banks in the US were collecting hundreds of billions of dollars from non-profit parties. These enormous sums represented annual settlement and termination payments for bilateral contracts known as Interest Rate Swaps (IRSs). Starting in the late 1990s, big banks targeted non-profits for massive sales of all types of such contracts. Non-profits ended up being perennial losers, eventually owing enormous sums of money to the banks for nothing received. -- Provided by publisher.
- Notes:
- Includes bibliographical references (pages 481-510) and index.
- ISBN:
- 9789813275560
- 9813275561
- 9789811203121
- 9811203121
- OCLC:
- 1047778346
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